The following is a story told on January 30, 2010 by Kimberly Wiefling, Global Business Leadership Consultant, during her seminar on “Creating a Vision for Your Future” in Redwood City, CA: Once there was a little fish that lived in a fish bowl. The fish soon grew to the size of bowl, but one day someone put his hand into the bowl and grabbed the fish, flinging it into ocean. “Ugh!” The fish lost everything, all its little plastic plants, the security of being fed everyday without having to look for food itself. What does being flung into an ocean make possible that was not possible before

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Fish Bowl

All told, the lawyers allege Rothstein, 35, owes $1.1 million to creditors of her husband’s defunct law firm. But it could be many million dollars more, because the accountants working for the bankruptcy attorneys have not finished …

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This Just In | Sun Sentinel Blogs | Bankruptcy lawyers: Kim …

Have you see advertisements for bankruptcy attorneys and seen this phrase? Has a bankruptcy attorney ever said to you “sorry, we cannot advise you to incur debt because you're seeking bankruptcy protection”? Ever wonder why? Well, wonder no more

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"We Are A Debt Relief Agency…"

Evanston, Illinois is a suburb of Chicago on Lake Michigan directly north of downtown, east of Skokie, and south of Wilmette. Evanston has a.

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Evanston Bankruptcy Lawyers | Lawyer News Blog

As I was watching the news the other night, I saw this commercial for CareOne Credit. The name rang in my head – and then it hit me: I had recently read about them in a case while doing some research Since the judge's observations in that case and his comments were stuck in my head – and since I am seeing these commercials more and more – I thought I would share them here.

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CareOne: What's Behind Those Commercials?

Why am I hearing from reliable sources that debtors all over the country are receiving IRS Form 1099-Cs from former creditors? What's going on? And what can YOU do about it?

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IRS Form 1099-C: Discharged Debt is NOT Income

Bankruptcy in Massachusetts, and what a filing means, might be a subject worthy of study in this day and age, when times are tough everywhere. This includes the Bay State, too. And even though an economy in most circumstances might be going along well, it’s still the case that people may find themselves in rough financial straits for various reasons. In this regard, knowing a bit about bankruptcy could be important.

In 2005, the federal laws governing bankruptcy across the nation were revised in certain ways. Each state also has exemptions on the books that help to deal with differences in a state’s laws and Massachusetts is no different. Congress passed a series of changes to bankruptcy procedures (25 of them, to be exact), so keep that in mind when considering bankruptcy as an option to deal with financial ills.

Massachusetts exemptions revolve around the kinds of property that can be excluded from possible seizure and sale in the event of a bankruptcy, but there’s no simple hard-and-fast rule for determining just what can and cannot be included in a bankruptcy filing. As well, when to file (and the form of bankruptcy to file for) also depends on many different factors. Generally, these include doing so to stave off a home foreclosure or when a job is lost.

Whatever the reason, there are also two different types of bankruptcy a Bay State resident can file for, depending on specific circumstances; Chapter 7 (straight bankruptcy) and Chapter 13 (”Wage Earner Bankruptcy”). Which type of bankruptcy that will selected, as was said, depends on just what it is the filer is trying to accomplish, in accordance with the 2005 changes to the federal bankruptcy law.

Chapter 7 is the most popular (if that’s the word to use) form of bankruptcy that most people file for when they’re looking for a fresh start or a clean slate. Today, this form of bankruptcy will require a means test and a hearing to determine if the petitioner meets the criteria for Chapter 7. Once it’s approved, all but exempt assets will be sold off and then creditors paid off. Chapter 13 is a reorganization and then a set payment schedule.

Bankruptcy in Massachusetts has its beginning in a preliminary filing that’s accompanied by a statement of financial affairs and then a subsequent hearing to decide on if Chapter 7 will be approved. All Chapter 7 filings involve payment of a $299 fee and this form of bankruptcy is generally the most common form or action taken. It’s usually best to hire an attorney experienced in bankruptcy rather than to attempt to do this on one’s own.

Facing the prospect of filing for bankruptcy in Massachusetts can be scary. It’s critical that you have confidence in your decisions and an experienced bankruptcy lawyer MA can help guide you down the right path.

Listening to Kevin O’Keefe at the Emory Symposium describe twittering as perhaps the most important branding tool since the advent of television (an obvious exaggeration, but point taken), I decided to finally start Twittering as a complement to blogging.

A lawsuit filed by the bankruptcy trustee of Thornburg Mortgage Inc. against the lender’s former top executives and an outside lawyer for secretly using the failed lender’s employees and assets to launch a new company also claims the …

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Lawsuit Claims Thornburg Dumped Its Bankruptcy Lawyers …

My practice is based in Williamson County, so it came as no surprise to me to see this article in the Tennessean. The article focuses on Fairview in western Williamson County and states that foreclosures are lower than in other mid-state areas, such as Antioch, LaVergne, and North Nashville.

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Williamson County Tennessee Foreclosures Lower than Other Middle Tennessee Areas