In the recent Chapter 7 bankruptcy case of a relatively affluent couple, one of which is an attorney, the bankruptcy judge denied the discharge of the couple’s debts. What did the couple do to deserve a bankruptcy discharge denial?

Under most state laws a business is not allowed to assert an action or claim against someone in another state if it the action/claim arises for a transaction for which they are not properly registered with the state. This often arises in the case where lenders are not licensed to grant home equity loans in a certain state.

In a recent Chapter 7 bankruptcy case where a debtor was facing a challenge to his bankruptcy discharge, the bankruptcy court ruled that the debt was dischargeable. Below are the details of the case:

One of the great myths surrounding bankruptcy is that debtors who file Chapter 7 bankruptcy or Chapter 13 bankruptcy will find it difficult to find employment. That simply is not true. While there are some employers who may be concerned about a bankruptcy filing if the debtor is applying for a job handling cash or sensitive financial information, those same employers are concerned about debtors who haven’t filed bankruptcy but have lots of debt. If you’re a debtor who is considering bankruptcy and have concerns about how it will impact your employment prospects, here’s what you need to know:

Parents filing bankruptcy are often worried about how their bankruptcy will impact their kids. Below are a few things that parents should know about bankruptcy’s impact on children:

Having a vehicle to get to and from work is an important part of recovering financially after Chapter 7 bankruptcy. That’s why bankruptcy offers many options for handling car loans. Let’s take a look at four options for handling your car loan in Chapter 7 bankruptcy:

There are certain circumstances in which bankruptcy records can be sealed. The bankruptcy code states that one reason for sealing records in a bankruptcy case is if those records reveal commercial information about an entity which could give their competitors an unfair advantage. Bankruptcy section 107(b) states:

Sometimes a creditor will bring an adversary proceeding against a debtor to have a debt excepted from discharge. But in order for a debt to be nondischargeable in bankruptcy the burden is on the creditor to prove the following:

In bankruptcy, when a case is closed it can only be reopened under certain circumstances. Let’s take a look at four reasons why a bankruptcy case may be reopened:

While the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, or BAPCPA, has many flaws, there are plenty of things in the law that protects debtors. Let’s take a look at a few protections provided to debtors by BAPCPA: