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DON’T pay back family debts if you are thinking about bankruptcy!

Paying back loans and debts owed to family members is extremely important to most people.  But, if you really care about them, please don’t pay them back before you file bankruptcy! Paying back family loans before bankruptcy causes problems for them. As the saying goes, no good deed goes unpunished.  This is especially true when you […]

Do I get to keep my INHERITANCE if I file bankruptcy?

Inheritances and bankruptcy.  Can I keep it? Few areas of consumer bankruptcy law cause more confusion and frustration than the issue of an inheritance.  Part of this reason is likely due to the fact that a loved one has recently died and this was their money and is was intended for me!  There is a natural […]

If I file bankruptcy, do I get to keep my tax refund?

Tax refunds and bankruptcy.  Is it safe? Every year, around the time that tax refunds start coming in, there are a lot of unnecessary tears shed at bankruptcy hearings in Omaha and Council Bluffs.  Why?  Because there is a limit on what can be protected under the exemption laws of every state.  Nebraska and Iowa have different […]

If bankruptcy is necessary, don’t spend retirement funds first

It’s a hard decision to make:  Do I use my retirement funds and try to avoid bankruptcy, or do I just file bankruptcy to begin with? Author and financial commentator Jane Bryant Quinn addressed this issue with her article in The Daily Beast (a subsidiary of Newsweek magazine) on January 3, 2009.  Quoting from Katie Porter, […]

How can I afford bankruptcy if I’m broke?

Bankruptcy is affordable and offers lasting protection if carefully planned It’s the classic Chicken and the Egg problem.  I need to file bankruptcy but I can’t afford to file.  It’s just too expensive.  I need a cheap and affordable option. A fast and inexpensive Chapter 7 bankruptcy is not always the best choice.  Consider Chapter […]

I Declare Bankruptcy!!! 1 easy step.

Declare bankruptcy in one easy step! If you have every wondered what it meant to “Declare Bankruptcy,” this YouTube clip from The Office  will provide you with a unique perspective!  Well, if life could be so simple and easy as that!  Very funny stuff. Ok, how to I really declare bankruptcy in Omaha? It’s not that […]

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