Bankruptcy is More Than Just Filling Out Forms in California

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...

Bankruptcy, Like Butter, Is Good For You

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...

Can I Still File Chapter 7 Bankruptcy? Do New Laws Prevent Debt Discharge?

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...

Is it Getting Harder to Discharge Income Taxes in Bankruptcy?

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...

The Bankruptcy Means Test. How Does It Work? What Does It Mean?

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...

Bankruptcy Alphabet: N is for Numbers and New Bankruptcy Laws

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...