You can still get rid of credit card debt and certain taxes in Chapter 7 bankruptcy cases
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Los Angeles Bankruptcy Blog: Current issues, comments, questions and answers in bankruptcy law.
Category Archives: new bankruptcy laws
Bankruptcy Attorneys and Debt Relief Agencies
I write this post to clarify the definitions of a “bankruptcy attorney” and a “debt relief agency” (“DRA”) because, at least according to one recent client, there is a substantial amount of confusion over these terms. A bankruptcy attorney is an attorney (or lawyer), licensed to practice in the courts of whatever jurisdiction he is…
Will Obama Change the Bankruptcy Laws?
Of the many important issues in this year’s presidential race, bankruptcy laws still rank among them, at least in Barack Obama’s view. For those who don’t know, the bankruptcy laws were dramatically complicated in 2005 after years of lobbying by the credit card industry, and numerous vetoes (or at least threatened) by President Clinton. The…