Category archive for ‘Bankruptcy and Your Career’ 
100% of bankruptcy debtors have relieved debt stress.
by John C. Colwell on 6/15/10 | 0 Comment(s)
The AP recently conducted a poll, and published an article regarding American’s stress and debt, and this got me to thinking about the relief of stress that accompanies a bankruptcy filing. Debt-induced stress continues for many Americans I don’t know of the methodology of the poll itself, but it seems self evident, and not much [...]
Bankruptcy Is Not Always The Answer
by John Rogers on 5/10/10 | 0 Comment(s)
I always caution folks before I meet with them that filing bankruptcy is not always the answer to their problems. I explain to them that we will discuss the facts of their situation and then I will share with them what I see as possible solutions to help them. If I see bankruptcy as one [...]
What Happens At A Typical Bankruptcy Consultation? Fly On the Wall Access
by Moderator on 4/19/10 | 0 Comment(s)
The initial bankruptcy consultation is a first meeting, usually lasting between 30-60 minutes, in which your bankruptcy attorney gets a feel for the financial issues you are confronting and how best to address them. A good bankruptcy attorney will not try to “steer” you in the direction of bankruptcy and the meeting may very well end with your [...]
Definition of “Bankrupt”
by Lori Patton on 4/17/10 | 0 Comment(s)
According to Webster.com the definition is: 1 a : a person who has done any of the acts that by law entitle creditors to have his or her estate administered for their benefit b : a person judicially declared subject to having his or her estate administered under the bankrupt laws for the benefit of [...]
Has the Biggest Reason Not To File Bankruptcy Already Happened To You?
by Moderator on 4/16/10 | 0 Comment(s)
A bankruptcy filing will show up on your credit score for 10 years . In fact, damage to credit and a perceived inability to access it post-filing is one of the biggest reasons people shy away from filing for bankruptcy. Give it some thought and this might be prove to be a mistake, especially if [...]
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
An all too common preliminary inquiry by a hypothetical debtor, and a reply.
by John C. Colwell on 2/25/10 | 0 Comment(s)
As of today one of my creditors have garnished my paycheck.
Pro No No? How Often Should Bankruptcy Attorneys Represent Clients Pro Bono?
by Moderator on 1/06/10 | 0 Comment(s)
Just got off the phone with a criminal defense attorney friend of mine in South Carolina. Excellent attorney. Anyway, he mentioned that South Carolina requires that he take a minimum number of what amount to pro bono cases every year. He told me the details of his latest appointment, discussed how he was able to [...]
Can I be fired for filing bankruptcy?
by Jay Jump on 11/18/09 | 0 Comment(s)
Employers are not permitted to take adverse action against their employees who file for bankruptcy. Debtors are protected by 11 U.S.C. sec. 525(b). Section A applies to governmental units and Section B applies to private employers. In all my years of practice, I have never had to bring an action or even threaten to bring [...]
I’ve found a new job, will I still be able to file for bankruptcy?
by John O'Connor on 11/15/09 | 0 Comment(s)
I’ve found a new job, can I still file bankruptcy? If you’ve read this blog with any frequency, you’ve undoubtedly seen numerous posts about bankruptcy reform and the means test. Indeed, much has been written about the means test, the vaunted gatekeeper to chapter 7 bankruptcy protection implemented by Congress as part of BACPA in [...]
