Peter Bricks
Can you Discharge Income Taxes in Bankruptcy?
Many debtors filing bankruptcy think they cannot discharge income taxes in bankruptcy. However, that is not true. Income taxes can be...
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Peter Bricks
- Jul 29, 2010
- 2 min
Debt Settlement Companies: Reasons to be Concerned
In April 2010, the General Accountability Office issued a 45 page report very critical of Debt Settlement companies, which can be found...
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Peter Bricks
- Jul 29, 2010
- 2 min
What is a Motion to Lift Stay?
Upon filing of a bankruptcy case, the automatic stay immediately kicks in. The importance of the stay instantly kicking in cannot be...
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Peter Bricks
- Jul 23, 2010
- 3 min
What is the Automatic Stay in Bankruptcy?
I have seen my fair share of debtors who file bankruptcy without needing immediate relief. They might be current on all their bills and...
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Peter Bricks
- Jul 18, 2010
- 2 min
Important Dates to consider when filing bankruptcy
Filing bankruptcy is painful enough for most debtors. The last thing you want to do on top of that is to make a mistake in your filing...
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Peter Bricks
- Jul 9, 2010
- 3 min
What Happens at Your 341 Meeting of Creditors?
No matter which chapter of bankruptcy you file, you will have to attend a debtors exam with your assigned trustee (also known as your 341...
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Peter Bricks
- Jul 4, 2010
- 2 min
Chapter 7 or Chapter 13 Bankruptcy: What Not to do Before Filing
When you file a bankruptcy petition, you are filing a voluntary bankruptcy petition, as it is called. However, the word voluntary applies...
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Peter Bricks
- Jul 1, 2010
- 3 min
What are Your Bankruptcy “Exemptions”?
Perhaps the most common question I get when I am talking to a client for the first time about filing bankruptcy is Don’t I have to give...
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Peter Bricks
- Jun 3, 2010
- 4 min
What Happens After You File Your Chapter 13 Bankruptcy Case?
While it can be argued that the effort and preparation required in just filing a Chapter 7 case constitutes the majority of the work the...
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Peter Bricks
- May 25, 2010
- 4 min
What Happens After You File Your Chapter 7 Bankruptcy Case?
You have finally gone into your attorneys office and signed your bankruptcy papers for your chapter 7, so like most debtors you are...
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Peter Bricks
- May 11, 2010
- 3 min
Banking Account Pointers Prior to Bankruptcy Filing
Many bankruptcy debtors have very limited disposable funds in the form of liquid cash prior to their bankruptcy filing. What they have in...
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Peter Bricks
- May 11, 2010
- 3 min
Is There A Conflict Of Interest For A Lawyer In Drafting Wills For Spouses?
When couples consult a lawyer about a prenuptial agreement, they are usually surprised to hear that the lawyer can only represent one...
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Peter Bricks
- May 6, 2010
- 2 min
Can You Get Rid of All Liens in Bankruptcy?
Liens come in three forms. They are either consensual, statutory or judicial. A consensual lien is where a debtor voluntarily grants a...
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Peter Bricks
- Apr 28, 2010
- 2 min
Which Assets Must You Declare When You File Bankruptcy?
When you file bankruptcy, which of your assets must you declare on your petition? The answer is simple- all of them. But what about the...
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Peter Bricks
- Apr 22, 2010
- 3 min
Why Trust a Trust?
What a boring topic you think! Maybe so, but you may come out of this with more questions than answers. If so, then Ive achieved my goal,...
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Peter Bricks
- Apr 19, 2010
- 4 min
Why It is Important to Identify Any Possible Inheritances Prior to Bankruptcy
When filing bankruptcy, a debtor must declare all of his/her assets. This is because a debtor can only protect so many assets under the...
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Peter Bricks
- Apr 12, 2010
- 2 min
What Your Bankruptcy Filing Means to Your Co-debtors
When a couple files jointly for bankruptcy and receives a discharge, all their debts that are eligible for discharge are so discharged,...
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Peter Bricks
- Apr 5, 2010
- 2 min
Do You Need a Will?
At least half or more of the U.S. population doesn’t have a Will. So why should you? There are several reasons why you may wish to have a...
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Peter Bricks
- Apr 5, 2010
- 3 min
What is the Means Test?
The means test is a purely mathematical calculation required by the bankruptcy court for the purpose of determining if an individual...
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Peter Bricks
- Mar 26, 2010
- 2 min
How to get rid of an entirely unsecured mortgage in a Chapter 13
Many homeowners are behind in their mortgage payments. Combine that fact with the nationwide decline in housing prices, and it is not...
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