Bankruptcy | Law Office of Louis. S. Haskell

“Do It Yourself” Income Based Repayment Plans For Private Student Loans In Chapter 13

Bankruptcy, General Blog | September 4, 2015

I recently read an article that was posted in a consumer bankruptcy attorneys forum titled “Student Loan Debtors Using Chapter 13 Bankruptcy to Buy Time On Payments“. This article was about “Do it Yourself Income Based Repayment Plans” for student loan Debtors by using Chapter 13 of the Bankruptcy Code. I was happy to see […]

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Bankruptcy And Security Clearances

Bankruptcy, General Blog | August 11, 2015

I recently watched an interesting webinar on security clearances and bankruptcy. I have had a number of clients over the years that have security clearances. Generally speaking, these clients are civilians who work for defense contractors such as Raytheon. Naturally, they are concerned about of the impact of filing bankruptcy upon their security clearance. My

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The Importance Of Sharing Your Bankruptcy Experience

Bankruptcy, General Blog | August 11, 2015

I originally wrote this blog last December, but something happened today that made me want to add this story and re-post it. A client hired me to do a chapter 7 today. She first came to see me a year or two ago, but was so appalled by the concept of bankruptcy that she decided

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Bankruptcy, Even Nfl Players Do It

Bankruptcy | July 20, 2015

One of the interesting changes in bankruptcy practice since the “Great Recession” is that bankruptcy clients now seem to find lawyers mostly by word of mouth. After the Dot-Com bubble burst, bankruptcy really began to lose its stigma. Even then, a large number of people who had been very successful found themselves filing for bankruptcy

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How Many Cars And How Many Car Loans Can I Have In Chapter 7 Bankruptcy?

Bankruptcy, General Blog | July 14, 2015

One issue which seems to cause a fair amount of confusion, and which also causes people to do inappropriate things before going to see a lawyer, is the subject of the number of cars, and the number of car loans (if any), a person can take into bankruptcy. Frankly, the question by itself misses the

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The Department Of Education Has Finally Given Some Guidance On Student Loan Discharge In Bankruptcy

Bankruptcy, General Blog | July 9, 2015

The Bankruptcy Code prohibits the discharge of student debt unless that debt causes an “undue hardship” for the Debtor. “Undue hardship” is an amorphous term, which is itself problematic when people of limited means are being asked to pay money to seek to discharge debts that they cannot afford. The Congress put the additional hurdle

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Bankruptcy Court Strips IRS Lien

Bankruptcy, General Blog | May 2, 2015

In this case, the Bankruptcy Court stripped a federal tax lien off of a Debtor’s Property. The IRS conceded that there was no equity in the house for them to attach, but claimed to be partially secured because they also attached the Debtor’s personal property. The court noted that the IRS was still not secured

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You Can No Longer Discharge Late Filed State, And Possibly Soon Federal, Income Taxes In Bankruptcy

Bankruptcy, General Blog, Tax | March 16, 2015

As we enter the last month of tax season, people who owe taxes have to consider their options. I often warn clients that nothing good comes from delaying filing. In addition to the interest and penalty they will have to pay for not paying their taxes on time, they will also need to pay penalties

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Pursuing An Auto Accident Claim When The Defendant Is Bankrupt

Bankruptcy, General Blog, Personal Injury | March 15, 2015

I receive daily email of the hot court decisions of the day. In today’s email, I received a notice about a case of mine. The irony of this decision is that it is a Bankruptcy Court opinion in which I nominally represent the “Creditor”. In this case, I represent a pedestrian who was struck by

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