At What Point During a Lawsuit Should You File for Bankruptcy?

You have been served with a complaint. Whether that lawsuit stems from a car accident or contractual breach, you may automatically wonder what the result may be. Could you lose everything you own? It is good to know that bankruptcy can be a solution in some cases. When can bankruptcy help, and at what point […]

Preventing the Involuntary Filing of Bankruptcy Against You

Most people are aware of the fact that they may file for bankruptcy and discharge their debt.  However, most are unaware of something called an involuntary bankruptcy, in which your creditors file your own bankruptcy.  In such cases, you have no say in the matter once the bankruptcy case is approved.  So it is important […]

Ethical Rules of Bankruptcy Attorneys

In re: Smith-Canfield, No. 08-61630-fra13 (Bankr. D. Oregon, May 17, 2011). Your attorney in a bankruptcy proceeding should always behave in a professional way, and keep your interests paramount.  If your attorney has interests that conflict with  yours, they may be violating rules of professional conduct.   In order to avoid such conflicts, your attorney should […]

Property Transfers in Arizona Bankruptcy

In re: Mortensen, No. A09-90036-DMD (Bankr. D. Alaska, May 26, 2011). Sometimes, people who file bankruptcy need to wipe clean their debts, but fear losing some valuable asset.  In order to avoid losing their car or their home, they try to hide the asset or make it unavailable to the court. A trust is a […]

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