North Carolina Bankruptcy Attorney Susanne Robicseck gives consumers a very good warning about bank accounts and filing bankruptcy: http://www.bankruptcylawnetwork.com/2009/09/23/banks-and-credit-unions-can-keep-money-when-bankruptcy-is-filed/ I always advise my...

"WASHINGTON -- As Congress and the White House move to alter bankruptcy code to make it more equitable to consumers, a House subcommittee began a reconsideration Wednesday of how bankruptcy law treats private student loan debt. Rep. Steve Cohen (D-Tenn.), chair of the...

A good blog post by Charleston Bankruptcy Lawyer Russell A. DeMott: http://www.bankruptcylawnetwork.com/2009/09/22/should-your-corporation-or-limited-liability-company-file-chapter-7-bankruptcy/ I generally agree with his comments, and would add one experience I had...

It may have seemed like a good idea at the time, at least for lenders: a substantially fortified bankruptcy law that made it tougher for consumers to stiff credit card companies, banks and similar firms. And it seemed to work, significantly reducing the number of...

A new rule on deadline computation effective December 1st, 2009: http://www.bankruptcylawnetwork.com/2009/09/21/new-bankruptcy-law-time-deadlines/

Currently, student loan debt can not be discharged in bankruptcy without showing that the payback of the student loan would be an "undue hardship" on the debtor.  The courts have interpreted this very strictly to mean that a person almost has to be homeless or living...