Tax Refunds and Bankruptcy

If you are considering bankruptcy as an option to solve your financial struggles, you might have many questions about your assets.  What do you get to keep, what do you have to repay? For example, do you need to inform the trustee in charge of your bankruptcy case about a tax refund?  Will that refund be lost to the courts...

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Bankruptcy and Inheritance

If you are in the mist of filing for bankruptcy or have actually already filed and have recently come into an inheritance, you may be wondering what will happen to that money.  Will you lose it? Does it need to be reported? Let’s look at what will happen in both a Chapter 7 and 13 Bankruptcy and how the timing...

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More Famous People who have filed for Bankruptcy

Legends from across the spectrum of the “rich and famous” such as  athletes, movie stars, politicians and even famous businesspeople have filed for bankruptcy and lived to tell about it!  Here are a few more examples of how bankruptcy does not mean the end of the world for you or your family.  Thousands of Americans have come back from bankruptcy...

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Children’s Assets and Bankruptcy

As parents, it is our responsibility to think of the safety of our beloved children.  This responsibility covers not just their physical and psychological health but the financial prosperity of our children as well.  When money troubles effect the family one of the natural reactions is to want to protect any assets your child may have.  Let’s review what may...

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