Krista D’Amelio | Latest News | June 25, 2019 Today, the National Association of Consumer Bankruptcy Attorneys (NACBA) was given the opportunity to testify before the House Judiciary Committee Subcommittee on Antitrust, Commercial and Administrative Law during the hearing “Oversight of Bankruptcy Law and Legislative Proposals”. NACBA’s Vice President, Ed Boltz, as well as the…
Archives for 2019
The Student Borrower Bankruptcy Relief Act of 2019
WASHINGTON – U.S. Senators Dick Durbin (D-IL) and Elizabeth Warren (D-MA), and U.S. Representatives Jerrold Nadler (D-NY-01), and John Katko (R-NY-24) today introduced a bicameral bill that would give Americans overwhelmed by student loan debt the option of obtaining meaningful bankruptcy relief. The Student Borrower Bankruptcy Relief Act of 2019 would eliminate the section of…
What is the Automatic Stay?
The filing of a bankruptcy petition “operates as a stay, applicable to all entities, of the commencement or continuation . . . of a judicial, administrative, or other action or proceeding against the debtor . . . to recover a claim against the debtor that arose before the commencementof the case under this title ….
Why Is Personal Bankruptcy Your Best Choice?
If you are among the millions of people considering bankruptcy as a way to deal with an overwhelming financial situation, rest assured that filing personal bankruptcy may be the best thing you can do for yourself! Don’t delay filing for bankruptcy. The longer you wait to file, the more debt you will incur and the…
Personal Bankruptcy Can Save Your Sanity
With the tough economic times we are currently facing, many people are at the point where the only way out is to file for bankruptcy. In order to make this extremely difficult time just a little easier, it’s important that you find the right person to help look out for you and your interests. When…
Do Contributions from Debtor’s Mother Constitute Regular Income to Allow for Chapter 13 Eligibility?
Yes, according to a Wisconsin bankruptcy court. The court held that the Chapter 13 debtor’s income, which consisted solely of contributions from her mother, was consistent and stable enough to qualify the debtor as an “individual with regular income” under Code § 109(e). The court held that where the mother, who lived with the debtor,…
Why are Your 2018 Tax Refunds Lower than anticipated?
The New Year brings 2018’s tax refunds, but what most Americans are concerned about is the decrease in tax returns this year that have dropped as much as 8 to 10 percent. The contesting results of both the government shutdown, new tax laws and people sending in refunds later in the year has caused a…