consumer debt relief

Chapter 7 and Student Loans

Student loans are not automatically discharged in a bankruptcy. It requires an adversary proceeding, which is a lawsuit within a lawsuit, in order to determine if student loans are discharged. The factors that have to be met make discharge of student loans relatively rare. However, that is not the purpose of this post. Rather, I wanted to explain what does happen to the student loans. Once the holder of the student loan is notified of the Chapter 7, the loan is recharacterized in their computer system and no action will be taken until the bankruptcy ends. Sometimes the characterization of ...
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Bitcoin and Bankruptcy

There is probably already a post out there regarding bitcoin and bankruptcy because it seems all the rage these days. However, I have not seen one, so I will claim the first. Perhaps though, it is because there is really only one thing to say about bitcoin and bankruptcy. As opposed to the complexity of every other aspect of bitcoin, this is really quite simple: bitcoin is an asset in a bankruptcy so it must be disclosed. I hope that is sufficient explanation. Now that I think of it, though, there could be one rather challenging aspect of bitcoin and ...
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My "best kept secret" practice

Most of my colleagues know that I find a tremendous overlap between practicing bankruptcy and practicing family law. One of the top reasons, if not the very top reason, for people filing bankruptcy is a divorce. However, I also have another practice area that fits well with both of these other practices and that is Family Law Mediation. I encourage you to please check out my other blog here at Bluegrass Conflict Resolution. Not only am I a trained mediator in this area, but my former career was focused on counseling and helping heal relationships. So, it is a natural ...
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Troutman & Napier, PLLC