You should always list potential claims, or potential lawsuits, that you have against someone else along with all of your other assets, because the law considers them to be assets and if you don’t list them, you could lose them forever.
You should always list potential claims, or potential lawsuits, that you have against someone else along with all of your other assets, because the law considers them to be assets and if you don’t list them, you could lose them forever.
The first step to take when you are contemplating bankruptcy and you own some real estate.
Can you keep your property through a Chapter 7 bankruptcy? The short answer to this question is: Maybe. It depends on your situation. This is what something called "exemptions" are for. The way I explain it to clients is this: When you file for bankruptcy, something called ...
Image by S Migol via FlickrPlanning on transferring your largest asset to a relative just before filing for bankruptcy so that the bankruptcy court can't get to it? As a bankruptcy lawyer, I ...
Image by mollyjolly via FlickrWhich debts should you put in the bankruptcy and which ones should you leave out? Answer: You are required to list all ...
Image by BulaPhotography via FlickrWhat is an abusive bankruptcy filing? When does a bankruptcy court consider a debtor's Chapter 7 filing to be an abuse of the bankruptcy process? A bankruptcy court ...
