Is Bankruptcy Biblically Moral ?

Posted on May 16, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: , , |

This question and more is explored in depth by Indianapolis based bankruptcy attorney John Bymaster in his new book Is Bankruptcy Biblically Moral ?

John explores how our modern system of bankruptcy laws are rooted in many parts of scripture. He discusses how the founding fathers of our country knew this and why they included provisions for bankruptcy in our Constitution.

We have blogged on this in a past post which you can find by clicking here.

This is a fascinating area which most folks are not aware of. I highly recommend this book if you are considering bankruptcy and have concerns about the morality of filing.

 

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If you are behind in your house or vehicle payments, can Chapter 7 bankruptcy stop a foreclosure or repossession from taking place?

Posted on May 11, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: |

Whenever any bankruptcy case is filed, the banks are usually stopped from taking action to collect the debts that were owed at the time of the bankruptcy. This feature of bankruptcy is called the “automatic stay.” The automatic stay, if it applies, stops a foreclosure or repossession from going forward. However, no Chapter 7 bankruptcy filing allows you to keep property that is security for a loan without making payments on the loan. For example, folks with home mortgages and vehicle loans cannot keep their homes and vehicles without making payments. As soon as the bankruptcy case is closed, the automatic stay terminates, and the bank can proceed with foreclosure or repossession. Moreover, if you are not current on payments, bank may ask the court to terminate the automatic stay while the bankruptcy is still pending, and, in Chapter 7, banks are usually able to terminate the automatic stay. In order to keep property that is security for a loan in Chapter 7 bankruptcy, you often must enter into a “reaffirmation agreement” with the bank who holds the lien on that property.

If you are behind on a home or vehicle loan and can not get caught up, you may want to ask your Bankruptcy Attorney about Chapter 13 bankruptcy. Chapter 13 bankruptcy can enable you to get caught up on the loans and possibly even pay the loans back through the Chapter 13 bankruptcy plan and stop paying the bank directly.

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Bankruptcy Has Helped General Motors, Donald Trump and Puerto Rico. Can It Help You Too ?

Posted on May 4, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Uncategorized | Tags: |

Why is bankruptcy an acceptable, legitimate means to try to save your business, home and deal with other debt ?   William D. Cohan, writing in the New York Times, gives us the answer:

“Indeed, for corporations across the country, both big and small, using the bankruptcy process to eliminate unwanted debt and liabilities is such an accepted practice that we don’t really give it much thought anymore. That is the beauty of the corporate bankruptcy process (if you care to look at it that way): Creditors must acknowledge they made poor investments by taking a fraction of their original principal and companies get a second chance.

Why, then, can’t a similar process be put in place to help the millions of American homeowners who for whatever personal reasons — usually no less justifiable than those offered up by G.M. or Chrysler — are unable to make their monthly mortgage payments? Why do the corporate fat cats get a respected and legitimate way to flush their unwanted debts but individual Americans homeowners don’t?”  click here for the full story

Yes, that’s right, American corporations and governments (think Detroit’s bankruptcy and now Puerto Rico) for years have used bankruptcy to save jobs, save companies and help the economy.  American citizens deserve no less !

This article explains how Donald Trump, now President of the United States, used bankruptcy to his advantage as well.

Read here about Puerto Rico’s recent bankruptcy filing.

Contact a bankruptcy attorney today to discuss your options under the law to help with your debt.

Remember, bankruptcy law is enshrined in the US Constitution and is your legal right.

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Reputation

Posted on May 3, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: |

Here at Kentucky Bankruptcy Attorney John Rogers, we take pride in our reputation and our ability to help folks with their money issues fairly and respectfully.  Let our clients share with you about their experience with our office:

 

“Payment plan and the cost was good. We will tell everyone we know about him” -Contessa

“From my very first visit, Mr. Rogers made me feel better about myself and what I had to do. All the staff and Mr. Rogers were the best.” -Annette

“The staff was very friendly and easy to talk to. John Rogers was also very friendly and easy to talk to.” -Julie

“Thank You for all you have done. I feel much better than I have since my husband’s passing. The stress has lifted immensely. ” -Vivian

“Always there when we needed you and it didn’t take long to wait for things to get done.” -Gene and Gloria

“Thanks for helping when no one else would !” -Shelia

“I thank God for all of you. Thank you for being so good to me. Keep God in your services.” -Geneva

“You all made me feel comfortable going through this Bankruptcy. Not at anytime did you make me feel belittled getting into this situation.” -Richard

“They accepted my handicap, I couldn’t make steps, and came downstairs.”    -anonymous

“Everyone was very nice. No one wants to file bankruptcy. We never felt like anyone was judging us. It was a great relief. We are very grateful for your services.” -Roy and Keatina

“Open and willingness to help in time of distress, and handicapped convenience” -Octava

“Thanks for helping us begin again after our business failed” -Jason and Bridgett

“Professional, discreet, and helpful”  -anonymous

“Your staff and you were so nice to us, you made an unpleasant experience as pleasant as you could. … You all go the extra mile. As a matter of fact, we have already recommended you to other people.” -Michael and Linda

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What’s Good for Gander, May Also Be Good for You

Posted on March 13, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: |

If the large outdoor retailer Gander Mountain can file bankruptcy to help with their debts, maybe you can too.

Many businesses and individuals successfully use the bankruptcy laws to help ease the debt pressure they are in. 

Also, bankruptcy is used by businesses and individuals to keep certain assets and continue to pay for them, while getting rid of the debt they can’t pay.

What’s good for Gander, may be good for you as well.

Talk to a bankruptcy attorney today to see what is right for you.

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Bankruptcy Helped General Motors and Donald Trump. Can It Help You Too ?

Posted on February 21, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Uncategorized | Tags: |

Why is bankruptcy an acceptable, legitimate means to try to save your home and deal with other debt ?   William D. Cohan, writing in the New York Times, gives us the answer:

“Indeed, for corporations across the country, both big and small, using the bankruptcy process to eliminate unwanted debt and liabilities is such an accepted practice that we don’t really give it much thought anymore. That is the beauty of the corporate bankruptcy process (if you care to look at it that way): Creditors must acknowledge they made poor investments by taking a fraction of their original principal and companies get a second chance.

Why, then, can’t a similar process be put in place to help the millions of American homeowners who for whatever personal reasons — usually no less justifiable than those offered up by G.M. or Chrysler — are unable to make their monthly mortgage payments? Why do the corporate fat cats get a respected and legitimate way to flush their unwanted debts but individual Americans homeowners don’t?”  click here for the full story

Yes, that’s right, American corporations for years have used bankruptcy to save jobs, save companies and help the economy.  American citizens deserve no less !

This article explains how Donald Trump, now President of the United States, used bankruptcy to his advantage as well.

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Will you get to keep your tax refund money if you file bankruptcy ?

Posted on February 3, 2017. Filed under: Chapter 7 Bankruptcy, Consumer Alerts, Uncategorized | Tags: , , |

It is that time of year for tax refunds. We have questions from folks as to whether they can file Chapter 7 bankruptcy before filing taxes and still keep their tax refunds coming to them after they file bankruptcy or whether they can keep a tax refund received right before filing bankruptcy.

The answer is that they generally can keep their refunds, depending, of course, on how large the refund is. The general bankruptcy exemptions available under the federal bankruptcy exemptions (which can be used in Kentucky) are usually large enough to protect most tax refunds from being lost to the trustee. You can also use your tax refund to pay the fees and costs for the bankruptcy.

Also, if you are thinking about filing bankruptcy, and are going to use your tax refund to pay off a debt to a family member or creditor prior to filing bankruptcy, you should consult with a bankruptcy attorney before doing that. There are provisions in the bankruptcy law which may allow the trustee to take that money back from the family member or creditor should you then file bankruptcy after paying them. Alternatively, if you just keep the refund and don’t pay any of it to anyone, then the refund may be able to be protected with the exemptions as outlined above.

Your circumstances may be unique, so always discuss your options with a bankruptcy attorney before you do anything with your tax refund money.

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A New Year and Time for a Fresh Start !

Posted on December 28, 2016. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney | Tags: , , , |

In less than a week, we will be in the new year of 2017. Wow, time marches on ! Whether you celebrate the new year by eating black-eyed peas, watching fireworks or spending time with friends, welcome the new year as an opportunity to begin anew.

When you consider the bills you owe, the first of the year can be a great time to consider getting a fresh start and putting some of those bills behind you. There are many legal options to assist you and an attorney can review those options with you. Chapter 7 or Chapter 13 bankruptcy may be one of those options.

We are now accepting new clients for bankruptcy for the coming year. Give us a call today to discuss your financial situation. Call 1-888-651-9353 toll free to schedule your no obligation, no hassle, free visit with us ! We look forward to helping you get a great beginning to the new year !

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Bankrupt Student Can Discharge Debt Because It Wasn’t a Loan

Posted on December 21, 2016. Filed under: Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: , |

In an interesting bankruptcy case from New York, the Court determined that a debt owed to a college was NOT a student loan for purposes of the bankruptcy law, and consequently, COULD be discharged in the debtor’s bankruptcy case.

For an article discussing this case, click here.

For the full case, click here.

Normally, bankruptcy law does not allow the discharge of student loan debt, but this is a unique exception. As student loan debt is increasing and becoming more of a burden on folks, it appears more bankruptcy courts are exploring ways to allow debtors to discharge student loan debts.

If you have student loan debt, you should not always assume there are not options available.

There are law firms that specializing in helping folks with student loan debt.

 

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US Supreme Court Further Defines Fraud in Bankruptcy

Posted on May 17, 2016. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Bankruptcy Attorney, Uncategorized | Tags: , |

The US Supreme Court provides further guidance to bankruptcy lawyers, attorneys and practitioners on when “fraud is fraud” for purposes of §523(a)(2)(A) of the Bankruptcy Code.

The Court says: “The term “actual fraud” encompasses fraudulent conveyance schemes, even when those schemes do not involve a false representation.”

Click on the link below to read the opinion that came out yesterday.

The Opinion

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