Domestic support obligations, which include alimony, spousal maintenance, and child support, are considered priority claims under bankruptcy law. This means that if the debtor is making monthly payments under a Chapter 13 plan, the full monthly domestic support obligation must be paid in full as part of the plan, including those payments that become due […]
Month: November 2009
Can’t keep up with monthly payments? There is a solution…
I frequently counsel with people who have a regular income, but simply cannot keep up with all of their monthly payments. Fortunately, there is a provision in the bankruptcy law called Chapter 13, which allows people with regular monthly income to fashion their own affordable repayment plan. Each month, the debtor makes one payment into […]
How to file bankruptcy and not lose everything
Nearly every day I speak with clients who tell me they postponed coming in to see me for months – and sometimes years! – because they were afraid they would lose everything in a bankruptcy action. The good news is that most of my clients don’t lose anything in the bankruptcy process. This is because […]
More ways to save money on divorce costs
In my last post I shared some ways to help you keep your legal costs down in a divorce. Here are a few more tips. Do your homework. Your legal action is a joint endeavor between you and your lawyer. You will be asked to document your income, property, and debts. The more information – […]
Ways to save money on divorce costs
This may be obvious, but what lawyers have to sell is their time. As an experienced divorce attorney (and formerly divorced person), I have some tips to pass along. You should end up with a fair result in your divorce case, but how much you pay for it will depend on the amount of time […]
A little-known way to reduce your car payments
If you obtained a loan to purchase your car, chances are the company that lent you the money has a lien against the car. This means if you don’t make the payments, the lender can repossess your car. In bankruptcy proceedings, you can keep your car by signing a new agreement with the lender to […]