Bankruptcy

A concern frequently expressed by debtors is whether their Bankruptcy filing will affect the credit of an individual who co-signed a loan for them. The following explains the impact on a co-signer’s credit if the debtor files for Chapter 7 Bankruptcy, and the impact on that credit if the debtor…

One of the most important things a debtor attorney must do prior to his client filing for bankruptcy is to investigate whether the debtor transferred any property out of his name within six (6) years prior to the projected filing date of the bankruptcy. Such a transfer is deemed to…

Section 11 U.S.C. 522(d)(12) of the Bankruptcy Code allows a debtor to protect retirement funds in an account that is exempt from taxation under the Internal Revenue Code of 1986. Retirement accounts set up under Sections 401, 403, 408, 408A, 414, 457 and 501(a) of the Internal Revenue Code of 1986 are known…