I have commented on this blog about the Baer chapter 7 bankruptcy filing, the heir of the Brandeis fortune.Now a creditor, the Nebraska Economic Development Corporation (NEDC), has objected to the bankruptcy as being abusive citing the outrageous monthly expenses listed by the Baers.Generally, the U.S. Trustee, the government agency that examines abuse under the bankruptcy code, will object and file […]
How can millionaires file bankruptcy?
March 3, 2013 by
Millionaire Files for Bankruptcy? As an Omaha Bankruptcy Attorney, I am often asked how millionaires and huge corporations can get away with filing for bankruptcy. I can only say that the Bankruptcy Code does not discriminate based on wealth. I believe there is some kind of misconception that someone who files for bankruptcy is somehow relieved […]
Wiping Out Home Equity Mortgage Debt
February 28, 2013 by
Benefit of Chapter 13 Bankruptcy Without getting into the different distinctions of bankruptcy chapters (Chapter 7 and Chapter 13 for consumer debtors) and the complexities of dischargeability (or wiping out liability on debt), I wanted to focus on one positive aspect of the bankruptcy code which, due to the housing market crash has provided debtors filing a […]
Major League Bankruptcy
February 24, 2013 by
Where Bankruptcy and Baseball Collide Two things which are important to know about me is that I’m a big baseball fan and I’m an Omaha Bankruptcy Attorney. Not too many opportunities to merge my interests…until recently. With the recent Chapter 11 Bankruptcy filing of Major League Baseball’s Texas Rangers and recent filing by the Chicago Cubs and a myriad […]
5 Free Online Budget Trackers
February 17, 2013 by
Bankruptcy may have helped you get out of debt, a budget will keep you out of debt! I’ve seen it happen before. A client goes through the stress and pain of filing bankruptcy to relieve themselves of overburdening debt, only to land back into the same situation a few years later unable to pay their […]