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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...
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...
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...
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...
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 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...
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,...
When a homeowner is struggling to pay his or her mortgage, it is important to consider every debt relief option. One effective option for homeowners to consider is a short sale, which involves the mortgage lender agreeing to allow the homeowner to sell the property...
If you are a business owner who is drowning in debt, it may be time to consider filing a business bankruptcy. Depending upon the financial situation your company is facing, you may want to reorganize or liquidate the business. If you are a sole proprietor or you have...
When you file for bankruptcy protection, the automatic stay prevents creditors from filing lawsuits against you. However, there is a procedure within the bankruptcy court called filing an "adversary proceeding," which is a lawsuit that is filed within your bankruptcy...