Maryland Bankruptcy Exemptions When filing for bankruptcy in Maryland, federal exemptions are not available. In this article, you will find a list of state exemptions available to debtors in Maryland. → Read More
Michigan Bankruptcy Exemptions When filing for bankruptcy in Michigan, you can choose between federal or state exemptions. In this article, you will find a list of state exemptions available to debtors in Michigan. → Read More
District of Columbia Bankruptcy Exemptions When filing for bankruptcy in District of Columbia, you can choose between federal or state exemptions. In this article, you will find a list of state exemptions available to debtors in District of Columbia. → Read More
Colorado Bankruptcy Exemptions When filing for bankruptcy in Colorado, federal exemptions are not available. In this article, you will find a list of state exemptions available to debtors in Colorado. → Read More
Florida Bankruptcy Exemptions When filing for bankruptcy in Florida, federal exemptions are not available. In this article, you will find a list of state exemptions available to debtors in Florida. → Read More
Can I give gifts to family members without triggering the fraudulent transfer rules in bankruptcy? If you are planning to file for bankruptcy in the near future, it is important to consider the gifts you have given to family members in the recent past. Giving large gifts or transfers that are under fair market value to an’insider’ within two years of filing for bankruptcy can trigger the finding of a fraudulent transfer under federal law. → Read More
If I declare bankruptcy, what will happen to tuition prepayments for my children? Tuition prepayments are structured in varying ways. In some situations, money is actually paid to a school or group of schools. In other instances, you may have money in a 529 account, a trust fund or have it set aside in some other way for your children. In the case of a bankruptcy, what happens to that money is going to depend on the tuition prepayment plan’s structure and on the bankruptcy chapter filed. → Read More
What is a hardship discharge in a Chapter 13 bankruptcy? A Chapter 13 hardship discharge is when the bankruptcy court decides to end your bankruptcy and approve a discharge earlier than was originally scheduled. → Read More
Cosigner’s Responsibility on an Unpaid Student Loan As a co-signer on a student loan, you promise to pay the debt yourself if the borrower defaults. If the creditor has attempted to collect from the student and failed, late fees and collection costs are also passed on to you, in addition to the original debt amount. → Read More
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