I read this comment from another bankruptcy attorney today:
“Help me understand why the home value (Z)estimates from a company that lost nearly $1 billion of its own money by relying on those (Z)estimates to play in the house flipping
Latest from Sam Turco Law Offices - Page 2
Medical Debts. Should you take out a loan to pay them?
An email from a client (edited to preserve confidentiality):
“Good morning. On October 31, 2022, [my husband] had to have surgery to remove his gallbladder. The hospital is requiring payments of approximately $400 a month on the $5,049.97, a sum
Shoebox Accounting
The client runs a decent sized construction operation. Revenues in excess of a quarter million per year.
But he has no accounting system. He just takes his bank statements, receipts and chicken scratch notes to the tax man once a
Hiding Income: The Bankruptcy Marriage Penalty
There is a marriage penalty in bankruptcy law. Unmarried couples receive favored treatment, especially on the six-month income calculation called the Means Test.
A married debtor who lives with his or her spouse must list all gross income of their
Hiding Household Income: Household Size
One of these days I’m going to write a post on how shitty we treat married couples in this county. From a financial perspective, is it better to be married or to shack up? I’m going to write a list.
Misrepresenting Household Size & Income
It’s September in Nebraska. Labor Day is over. The kids are back in school. Footballs are in the air, especially in Nebraska where our beloved Cornhusker football team has abandoned tradition and is throwing the football everywhere. Yep, I hate
70% of Medical Debt is Being Wiped Off Credit Reports. Is That a Bad Thing?
We view negatively a person who files bankruptcy after running up credit cards debts to fund an extravagant lifestyle, but we are less judgmental about the unlucky person who incurs medical debt. Apparently the three major credit reporting bureaus agree
Zoom 341 Meetings Coming Soon
The Covid/19 pandemic has changed how we work forever, and bankruptcy practice is no exception.
Just two years ago this is what we did:
- We met most new clients in person during office meetings.
- Most cases were signed in person.
Does the income of my live-in girlfriend of five years count towards household income?
Does the income of a live-in girlfriend of five years count towards household income? I read that question in an online chat discussion recently.
Here is the answer provided by a bankruptcy attorney: “No, her income will not be used
City of Chicago vs Fulton: The Disappearing Automatic Stay
The experience of reading a Supreme Court opinion on bankruptcy law is like having a two-year-old in a China shop—you just want them out before they break more stuff.
The Supreme Court’s stumble through the City of Chicago v