Tax Liability and Bankruptcy

The filing of a bankruptcy is certainly not the end of the world.  When contemplating the filing of a bankruptcy, there are many issues of concern. A significant one can be what happens to your tax liability? Are they dischargeable? While you will want to consult a qualified tax attorney to take a look at your specific case, there are...

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Do I still have to pay Child Support if I file for bankruptcy?

One concern that filers for bankruptcy have is what their legal obligations are to their child or former spouse? Do I Still Have to Pay Child Support if I File Bankruptcy?  The short answer is an emphatic “yes”. Child Support is a non-dischargeable debt.  Child support debt receives special treatment because it is considered a priority debt. Priority debts are...

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Famous People Who Have Declared Bankruptcy

If you or a family member are filing for bankruptcy, sometimes it is reassuring to know that you are NOT alone.  Many famous people including presidents, world leaders, entrepreneurs, and celebrities have filed for bankruptcy and gone on to live normal and sometimes even inspiring lives after.  Let’s look at a few celebrities who have weathered the storm of bankruptcy....

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How to pick the bankruptcy attorney that is right for you.

We are all human. We all make mistakes.  Regardless of the economy, we soon discover that many of the mistakes we make are financial. In this economic climate, these financial mistakes usually become magnified. Once you come to the conclusion that you need help – never an easy decision – deciding on a bankruptcy attorney is the next step.  Filing...

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