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Purchasing a Home After Bankruptcy
Bankruptcy Lara Gardner Bankruptcy Lara Gardner

Purchasing a Home After Bankruptcy

By Robin Goralka Looking to purchase a home after bankruptcy can be a daunting prospect. Many people think that declaring bankruptcy will have a negative effect on their credit report for years to come, making it difficult to qualify for…

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Are Debt Buyers Responsible For Driving Consumers Into Bankruptcy?

Are Debt Buyers Responsible For Driving Consumers Into Bankruptcy?

I recently came across an interesting article challenging the conventional wisdom about why people file for bankruptcy.  Most people, myself included, have long concluded that the amount of debt a person has, combined with unfortunate personal circumstances (divorce, job loss,…

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Sears Files for Bankruptcy
Bankruptcy Lara Gardner Bankruptcy Lara Gardner

Sears Files for Bankruptcy

Sears filed for chapter 11 bankruptcy protection on Monday, October 15. In doing so, it stated its plan for turning business around, and seeks to operate through the holiday season. In order to succeed, the company will need its creditors…

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Older Vehicle Deduction No Longer Available For Above-Median Chapter 13 Debtors

Older Vehicle Deduction No Longer Available For Above-Median Chapter 13 Debtors

The Ninth Circuit Bankruptcy Appellate Panel issued an opinion (In re Luedtke) last month holding that “above-median” Chapter 13 debtors may no longer claim a $200 “older vehicle operating expense” when calculating “disposable monthly income” for purposes of determining a…

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Divorce and Bankruptcy – More Strange "Bedfellows"

Divorce and Bankruptcy – More Strange "Bedfellows"

Last month, I posted an article entitled Inheritances and Bankruptcy – Strange “Bedfellows” outlining the odd intersection between inheritances and bankruptcy.  This month I want to discuss the how bankruptcy and divorce can interrelate.  Most people know that financial stress…

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