by Mark J. Markus | Sep 11, 2015 | bankruptcy attorneys, Bankruptcy Law, Filing Bankruptcy, new bankruptcy laws
There’s More To Bankruptcy Than Just Filling Out Forms There is a great misconception out there shared by many that filing bankruptcy is simple– that all you need to do is fill out some forms, attend a meeting, and you get rid of all your debts. This idea...
by Mark J. Markus | Mar 3, 2015 | Bankruptcy Law, Credit Scores/Credit Repair, Miscellaneous, new bankruptcy laws
For decades we were (incorrectly) told that butter was bad for us and, instead, we should eat artificial hydrogenated oils contained in margarine. That was until doctors, following the lead of knowledgeable nutritionists and holistic health professionals, figured out...
by Mark J. Markus | Nov 30, 2014 | Bankruptcy Law, chapter 7, means test, new bankruptcy laws
Yes, I went there. I said the “B” word. Most people would rather get strung upside-down naked and lowered into a pile of fire ants than consider bankruptcy. And I don’t understand why. Many times–dare I say MOST times–bankruptcy is by...
by Mark J. Markus | Mar 4, 2013 | Bankruptcy Law, new bankruptcy laws, tax issues
Income Taxes Can Be Discharged in Bankruptcy In case you didn’t know, income taxes are dischargeable (meaning, having the obligation to pay eliminated) in bankruptcy if they meet certain requirements (which you can see by visiting the link at the beginning of...
by Mark J. Markus | Aug 15, 2012 | bankruptcy definitions, means test, new bankruptcy laws
Much has been written about the dreaded bankruptcy means test (Official Form 22A) that was created by Congress and became law with the 2005 amendments to the Bankruptcy Code. And much of what has been written is very hard to understand. That’s probably because...
by Mark J. Markus | Mar 1, 2012 | Bankruptcy Alphabet, Bankruptcy Law, chapter 7, Legislation, means test, new bankruptcy laws
The New Bankruptcy Laws Are All About Numbers People are Not Numbers When numbers are used to identify people, it’s usually when they are in prison. The Bankruptcy laws used to be about helping out people (and businesses) in need. They were about equitable...