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Posted by: Rob Cohen
Gift or Loan, and Why Does It Matter for Bankruptcy?
Last updated May 31, 2017. When you’re struggling with debt, it’s natural to turn to friends and family for help. They know you and they trust you, making it simpler and easier to seek financial aid from them than from a bank. If your financial difficulties continue and you decide to file for bankruptcy protection,…
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Posted by: Rob Cohen
Tax Refund and Bankruptcy? Here’s How to Keep Your Money
Last updated March 28, 2017. It comes up every tax season. You’re looking forward to receiving a big tax refund check, and you’re also working hard to get your bankruptcy case filed. So, what happens to your tax refund in a bankruptcy case? We’ve said it time and again on the forum: Tax refunds are…
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Posted by: Rob Cohen
Are the Bible’s Debt Forgiveness Principles Codified in the Bankruptcy Code?
What Does the Bible Have to Say About Bankruptcy? Is It Ethical? Is filing for bankruptcy ethical? What does the Bible say about the debt forgiveness industry? For the religious among us, the answer to the ethical questions surrounding bankruptcy and debt forgiveness are likely to be found through our faith. Indeed, the Bible addresses…
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Posted by: Rob Cohen
Who Will Know I Filed Bankruptcy?
Worried Who Will Find Out About Your Bankruptcy? Do you worry about who will know that you decided to file bankruptcy? Even though bankruptcy doesn’t carry the same negative connotation it used to, some people still worry that their friends and coworkers will find out. The good news is, that except for a select few,…
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Posted by: Rob Cohen
Are You Judgment Proof?
We all know why people are considering filing for bankruptcy. We have seen an unprecedented “black swan” type event in the coronavirus. Unemployment numbers are way up and many Americans face an uncertain financial future. Under these circumstances, bankruptcy is a natural consideration. Those thinking of filing bankruptcy, or even families facing mounting credit card…
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Posted by: Rob Cohen
What Property Can I keep In A Bankruptcy?
Filing bankruptcy doesn’t have to mean losing all of your property People considering bankruptcy often have the misperception that they will lose all of their property if they decide to file. Fact is, only non-exempt property will be eligible for sale in a chapter 7 bankruptcy. What does this mean? As a matter of public…
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