Bankruptcy can be an incredible tool for those struggling under the burden of debt. A personal bankruptcy has the life-changing ability to eliminate debt, protect assets, and stop creditor harassment. If your debt is backed by a cosigner, or if you are a cosigner on...
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Year: 2016
DIY Bankruptcy Disasters
We've all seen some amazing Do-It-Yourself projects. From Pinterest to HGTV, perhaps you've seen the incredible home remodel or unbelievable craft idea. While it may be tempting to test your DIY abilities in bankruptcy law, it is best to keep those skills in the home...
Judge Debunks Common Bankruptcy Myths
This summer, Chief United State Bankruptcy Judge Jason Woodard met with community leaders and debunked common bankruptcy myths. Judge Woodard presides over the northern district of Mississippi, the poorest district in the nation. That district, like so many others...
Bankruptcy and Retirement
If you are facing unmanageable bills and debt, it may be tempting to cash out your retirement savings to pay that debt. Before you do, schedule an appointment with . to discuss the other options you might have. As a result of...
Marrying into Debt
You've found the one. You've planned the wedding. You're ready to walk down that aisle, but you want to know, when your officiant asks "if you take this person to be your spouse, for richer or for poorer," what are you agreeing to? If your soon-to-be spouse is coming...
Mental Health and Bankruptcy
Debt can leave you feeling hopeless, anxious, and like a failure. If you are among the 35% of all Americans who have delinquent debt, it is important to know that you are not alone. The average American household in default owes $5,178, mostly in a mix of credit...
Will Lil’ Kim’s New Jersey Mansion be Foreclosed?
Li' Kim's $3 million Alpine, New Jersey mansion faces foreclosure, proving once again that even the rich and famous can fall on hard times. Kimberly Jones, also known as Lil' Kim, has had a string of financial troubles, culminating in a 2010 foreclosure action on the...
Bankruptcy Options for Small Business Owners
If your small business is struggling with debt, filing for bankruptcy might be a good choice. Small business owners have several options available to help eliminate debt. The best option is to consult an attorney to discuss all the alternatives available based on your...
Social Media & Bankruptcy Do Not Mix
Social media is everywhere. In the past several years, Facebook, Twitter, Instagram and other social media platforms have become a dominate force in how people spend time, share photos, and connect with others. Nowadays, you can even find the attorneys of Levitt and...
FBI Arrests 8 for Bankruptcy Fraud
As part of its recent crackdown on bankruptcy fraud, the FBI has arrested eight people who allegedly hid over $3 million from the bankruptcy court. In one case, the U.S. Attorney alleged that a woman gave nearly all of her assets, including a $1.8 million tax refund,...