Category archive for ‘History of Bankruptcy’ 
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>>
Household Size and the Means Test
by Richard O'Connor on 11/12/09 | 2 Comment(s)
The “Means Test” was implemented in 2005 as a way of preventing consumers with the ability to pay back their debts from filing for chapter 7 bankruptcy. Determining a household size for purposes of the Means Test can be simple or complicated depending on the family. The proper method for determining household size is an Read more>>
Chapter 15 “Cross-Border” Cases – Part 1 of 3
by Drew Broaddus on 11/06/09 | 2 Comment(s)
Given our proximity to Canada, it is important for Detroit bankruptcy lawyers to have a familiarity with Chapter 15. This is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It is the U.S. domestic adoption of the Model Law on Cross-Border Insolvency promulgated by Read more>>
What Does The Bible Say About Bankruptcy?
by John O'Connor on 8/21/09 | 0 Comment(s)
The Bible specifically addresses and calls for periodic forgiveness of debt. In a previous post on this forum, Andy Roth points out that Deuteronomy 15 calls for the forgiveness of debt every seven years:
‘At the end of every seven years you shall grant a remission of debts. And this is the manner of remission: every Read more>>
Bankruptcy Credit Counseling Requirement
by Drew Broaddus on 8/07/09 | 0 Comment(s)
As part of the 2005 Amendments to the Bankruptcy Code, people who plan to file for bankruptcy protection are now required to get credit counseling from a government-approved organization within 180 days before they file. They also must complete a debtor education course to have their debts discharged. With consumer bankruptcies on the rise and Read more>>
What Do We Need to Know About the 2005 Amendments to the Bankruptcy Code?
by Drew Broaddus on 7/24/09 | 0 Comment(s)
Anyone reading about bankruptcy law will most likely see repeated references to the 2005 Amendments to the Bankruptcy Code. However, the significance of these amendments may not be clear to those who were not practicing bankruptcy, or were not personally involved in the process, prior to 2005. In April 2005, President Bush signed what has Read more>>
When is a Person Eligible to File for Bankruptcy?
by Richard O'Connor on 5/19/09 | 0 Comment(s)
Chapter 7 and Chapter 13 bankruptcies have different requirements for filing. If a person wishes to be eligible for a Chapter 7 procedure, they must either have a residence or domicile in the United States. They may also be eligible if they have a place of business or own property which Read more>>
Is a Bankruptcy Filing Public Record? What About My Personal Information?
by Jeff Herrick on 5/13/09 | 0 Comment(s)
Yes, a Bankruptcy filing is public record, however it is extremely unlikely that anyone you know will find out if you have filed for bankruptcy unless they are a creditor of yours. Bankruptcy records are available at the Bankruptcy Court and on the internet for public viewing, however, in order to find Read more>>
