How To File Bankruptcy Again When You’re Back In Debt

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can you file bankruptcy again

If you find yourself in over your head after filing for bankruptcy, there are options. Life has a funny way of going left when you want it to go right. You file for bankruptcy, go through the process, and come out the other end. Though you swear you'll never be in that situation again, sometimes the unexpected happens. An unreimbursed medical expense, job loss, or other money crunch puts you in the financial hole again. Can you file for bankruptcy again? ...

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Chapter 7 Bankruptcy And Your Future Income

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future income chapter 7 bankruptcy

When you file for Chapter 7 bankruptcy, you're looking to protect your future.  Part of that includes your future income. Without a steady flow of money coming in after your bankruptcy, how can you possibly hope to rebuild your credit and your financial standing? Thankfully, the bankruptcy laws protect your future income from the reach of creditors, the trustee, and the system as a whole. Sometimes, that is. Here's what I mean. ...

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Suing Someone? Not So Fast!

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Grab

If you're involved in a lawsuit and lose, you may have the right to appeal. Filing for bankruptcy throws a wrench in the works. People file for bankruptcy to stop lawsuits against them. But when you're on the other side of the fence - the side bringing the lawsuit - you've got to realize it's a two-way street. As we've discussed in the past, you need to disclose on your bankruptcy papers the fact that you've got the right to sue someone. Once your case is filed with the court, that ...

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How to Protect A 529 Plan In Bankruptcy

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529 Plans in California bankruptcy cases

Your child's education is important, even when it comes to bankruptcy law. Qualified state tuition programs, also called “529 plans,” are a great way to save for your child's education.  Given the ever-spiraling costs of education, having such a plan in place is something your kids will thank you when it comes time to enroll. Parents can opt for one of two types of a 529 Plan: a prepaid tuition plan that lets you pay tuition at a particular university, or; a tax-exempt savings ...

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Can Same-Sex Married Couples File Bankruptcy Together?

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same-sex marriage and bankruptcy

Same-sex marriage is a hot-button issue, dividing the nation as to whether marriage can be only between a man and a woman.  When looking at bankruptcy, the question of whether same-sex married couples can file together can be thorny as well. Under the Section 302(a) of the U.S. Bankruptcy Code, a joint bankruptcy case may be filed by an individual and that individual's legal spouse. What, then, of same-sex married couples who look to file for bankruptcy together? ...

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How The Contemporaneous Exchange Defense May Save Your Bottom Line

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Bankruptcy Preferences Contemporaneous Exchange Defense

You're a vendor to businesses, getting paid and making deliveries day in and day out. When the music stops and one of your customers files for bankruptcy, the trustee may come calling. In a business bankruptcy case, transfers of more than $5,000 in the 90 days prior to the filing of the case are not uncommon. Vendors submit bills and need to get paid in order for commerce to continue.  That's the way it goes. Until your customer's case is filed and in steps the trustee, hand ...

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