Author Archives: Jay Butchko
Is Bankruptcy Moral Or Ethical? Turns Out, It Sure Is
So you’re ready to file for bankruptcy. All your paperwork is in order, and your bankruptcy attorney has told you that your assets and finances are right where they need to be, to allow you to file, and get the fresh start that you need. Except there’s one thing that’s on your mind, a… Read More »
What Kind Of Debts Can Never Be Discharged In Bankruptcy?
Bankruptcy can do a lot of things for a lot of people, and let you get the fresh financial start that you need. It’s a powerful tool for consumers, but like anything else it has some limits. There are some debts that cannot be discharged in bankruptcy. What kind of debts are no dischargeable… Read More »
What Is A No Asset Bankruptcy?
If you go to see your bankruptcy attorney, he or she may tell you that you have a “no asset bankruptcy.” Yet, that doesn’t seem possible—you do own things. You’re not homeless or destitute. How can you have a bankruptcy with no assets, when you clearly own property? All is Exempt in No Asset… Read More »
The “Middle Ground” Between Chapter 13 And Chapter 7 Bankruptcy
When you file for bankruptcy, the bankruptcy court will look to see how much money that you make in income. This is an important analysis—while you technically and legally can file for bankruptcy no matter what your income, the larger question becomes what type of bankruptcy you can file. In most cases, you can’t… Read More »
Can You Discharge Government Unemployment Overpayments?
During the COVID 19 shutdowns and pandemic, many people found themselves out of work. And for many people, unemployment compensation from the state was a lifeline for them. But the unemployment system, which was overwhelmed, understaffed, and difficult to understand for many citizens, often led to a problem: Overpayment of unemployment benefits. How Overpayments… Read More »
What Is Tenancies By The Entireties And How Can It Help You In Bankruptcy?
When you file for bankruptcy, you do not and will not lose all of your property. That’s because bankruptcy law allows you a certain amount of exemptions. Exemptions are property or dollar limits that you can keep; exempt property is absolutely protected from being taken by the bankruptcy court. Florida’s Tenancies by the Entireties… Read More »
Be Careful Of Buy Now Pay Later Loans
When people think about debt, and borrowing money for regular daily household items, they usually think of credit cards. And while credit cards are a large aspect of consumer borrowing, and while they are a leading cause of driving people into bankruptcy, there is a new player in the consumer credit game: Buy now… Read More »
Is There A Minimum Or Maximum Debt Amount That Can Be Discharged In Bankruptcy?
When people file for bankruptcy, they often worry about how much debt that they have. They worry that maybe the court will be upset that they are discharging too much debt. Conversely, many people feel like a court will look at their debt, see it isn’t a great amount, and tell them they should… Read More »
If You’re Sued For A Debt, Should You File For Bankruptcy?
For many people, the thought of bankruptcy doesn’t come into their minds until they get sued for a debt that they owe. But many people in this situation have one question: should they file for bankruptcy, or should they just find an attorney and try to defend against the creditors suing them? Of course… Read More »
What If A Creditor Didn’t Know About My Bankruptcy?
When you file for bankruptcy, all your creditors get notice that you are filing for bankruptcy. This is for two main reasons. The first reason is so that your creditors know to stop collecting against you, because of the immediate automatic stay that happens when you first file for bankruptcy. The second reason is… Read More »