Will the Bankruptcy Trustee take my 2021 Stimulus Check?
What You Need to Know to Protect Your 2021 Stimulus Check Expecting a stimulus check? Planning to file for bankruptcy and wondering if your stimulus check will be taken by your bankruptcy trustee. Trying to figure out whether you should file your bankruptcy now, or wait to file bankruptcy after you get your check? Here’s […]
Can Bill Collectors Take your $1,400 COVID-19 Relief Check?
Your COVID-19 Stimulus check can be taken by creditors! Here’s how to protect it! Everyone is looking forward to the stimulus relief checks. Including creditors. Heads up! You need to know that your $1,400 stimulus check under the third round of direct COVID-relief payments could be taken by your creditors. And, you may get more […]
Coronavirus (COVID-19) Bankruptcy Chapter 13 Law Changes
Chapter 13 Bankruptcy Coronavirus Cases are on the Rise in Ohio Coronavirus bankruptcy law changes are part of the new CARES act. As part of the Cares Act, there have been changes to help those in Chapter 13 who have been affected by Coronavirus. Cares ACT We currently have over 1,000 active chapter 13 cases, […]
Will Trustee Take Recovery Rebate Stimulus Payment in Bankruptcy
Can the bankruptcy Trustee take the stimulus payment? The trustee will not take your recovery rebate stimulus payment in bankruptcy, according to the most recent announcement from the government. You can keep your stimulus (in almost all cases) (Finally, some GOOD NEWS amidst all the problems caused by Coronavirus!) When filing for personal bankruptcy, chapter […]
Can Debt Collectors Take Stimulus?
Can Debt Collectors Take Your Stimulus Check? Debt collectors can take stimulus money. Stimulus money is not protected from debt collectors under the CARES Act. Here’s what you need to know to protect your stimulus from debt collectors. The good news: The CARES Act is passed and many will receive stimulus checks. The bad news: […]
Job Loss and Filing Bankruptcy
Job loss and filing bankruptcy often go hand in hand. Job loss and filing bankruptcy often go together. Filing bankruptcy after loss of job, and your ability to pay, is the best option for many, but not all. Here is how to know if you should file bankruptcy after your income is reduced. Job loss […]
NRA Bankruptcy – National Rifle Association
National Rifle Association Bankruptcy The National Rifle Association, NRA, headquartered in and being sued by the State of New York, has filed for bankruptcy protection… in Texas. The reasons for the bankruptcy filing, aside, you might wonder if this means you can file bankruptcy in some state other than where you live. Do you have […]
Bankruptcy and 2021 Stimulus Checks
Bankruptcy and 2021 Stimulus Checks – What You Need to Know Will you lose your stimulus check to a bankruptcy trustee if you file bankruptcy now and are expecting a stimulus check? In 2020, the stimulus checks were not taken in bankruptcy. Everyone was able to keep their stimulus checks and bankruptcy trustees were told […]
US Bankruptcy Court Discharge of $200,000 in Student Loans
Student Loans in Bankruptcy A new ruling by a U.S. appeals court has affirmed the cancellation of a borrower’s $200,000 in private student loans. Student loans have been nearly impossible to discharge in bankruptcy. But a recent court case may signal the beginning of a change for student loan borrowers. A recent Court of Appeals just […]
Can a Public School District Declare Bankruptcy?
When Funds Get Tight in the Classroom, Can a Public School Declare Bankruptcy? Typically we view declaring bankruptcy as a personal or business endeavor, however, government entities such as utility boards, school districts, and even entire UC cities can declare bankruptcy if they become insolvent. The US Bankruptcy Code anticipated government-run entities running out of […]
