Category archive for ‘Bankruptcy and Your Career’ 
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 1 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 a little emphasis to Read more>>
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 Read more>>
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 Read more>>
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 2005. Read more>>
My ex-husband is considering bankruptcy, how will I be affected?
by John O'Connor on 11/12/09 | 0 Comment(s)
I recently fielded a question from a prospective client concerned about how an ex-spouses bankruptcy would affect her. While married to her ex-husband, the prospective client incurred debt in both her and her husband’s name. The ex-husband notified her that he could no longer afford to make payments on a series of personal loans and Read more>>
In-Kind Exemptions and the ‘Super’ Schedule C
by John O'Connor on 10/15/09 | 1 Comment(s)
Under normal circumstances, a debtor claiming and exemption is limited by the statutory dollar amount that their jurisdiction imposes on the type of asset they are seeking to protect. For instance, North Carolina law allows a married couple filing a joint case to protect up to $37,000 of equity in their home. A couple who Read more>>
The difficulty in discharging student loans
by Steve Combs on 9/23/09 | 0 Comment(s)
Now I know I’ve written about exceptions to the non-dischargability of student loans in Bankruptcy, and I stand behind what I’ve written. What I wrote was correct and the test of undue burden under 11 U.S.C. § 523(a)(8) is correct. However the practical complications of overcoming this test Read more>>
Emotions and Bankruptcy
by Jay Jump on 9/23/09 | 0 Comment(s)
Emotions and Bankruptcy – Jay S. Jump – Jump Law Group – Washington State – www.jumplawgroup.com
One of the statements I hear most often when doing an initial client interview is ‘I never thought I would end up here. I’m a complete failure.’ I cringe everytime I hear it because it isn’t true. Life is a Read more>>
I Am a Co-Signer of a Debt, How Does Bankruptcy Affect My Obligation
by Jeff Herrick on 9/16/09 | 0 Comment(s)
If you are a co-signer of a debt you may not have to pay back the debt or obligation. It all depends on whether the debt is dischargeable. If the debt is considered a dischargeable debt then you will not be responsible for the debt and it will be wiped out by the bankruptcy filing. Read more>>
