If you owe child support, a bankruptcy will not change your obligation to pay the child support, and it will not discharge any delinquent amounts owed. That does not mean, however, that your other debts cannot be discharged. What is Priority Debt? Child support, or any other …
The Bankruptcy Blog
What Is a Bankruptcy Discharge?
In short, a discharge in bankruptcy is the formal court order that wipes out your obligation to pay a debt. That means you do not need to repay a debt that has been discharged. A bankruptcy discharge also means that no one can attempt to collect a discharged debt from you, including …
What is an Emergency Bankruptcy Filing?
An emergency bankruptcy is just like it sounds - something financially urgent and of an emergency nature comes up and fast action needs to be done to stop it or very bad things could or will happen. While bankruptcy is ideally something that is well researched and contemplated …
Will Filing Bankruptcy Stop a Garnishment?
If you have ever experienced a wage garnishment or bank garnishment, you know how scary and panic-inducing it can be. You may already be living on a tight budget, but with funds now coming out of your paycheck or bank account, you may find yourself struggling to meet your and your …
What You Need to Know About Bankruptcy Exemptions
Bankruptcy exemptions are laws that allow you to protect certain property when you file a bankruptcy. In a Chapter 7 bankruptcy, exemption laws determine what property you can keep. In a Chapter 13 bankruptcy, exemption laws may be a factor in determining how much you have to pay back …
Can You File Bankruptcy Twice?
Yes, you can file bankruptcy twice, however, if you want to receive a discharge of your debts in a subsequent bankruptcy, you must wait a certain period of time. How long you have to wait depends on the chapter of bankruptcy you previously filed and the chapter you want to file in the …
Bankruptcy in the Gig Economy
The gig economy is something very unique, exciting, and freeing. It liberates regular people from the restrictions of corporate America and the hourly constraints of a “regular” job. In essence, the gig economy is a platform for a type of self-employment, be it big or small. It has …
Debt Settlement vs. Bankruptcy
A lot has been written about the virtues and benefits of debt settlement vs. bankruptcy to deal with unmanageable debt. As a bankruptcy attorney serving clients in Omaha, Nebraska for 31 years, I’ve participated in helping lots of people permanently fix their debt problems. I know …
How Much Does it Cost to File Bankruptcy in Omaha, Nebraska?
In 2021, for the average person or couple filing a Chapter 7 bankruptcy in Omaha, Nebraska is around $1,750. On the lower end, the total cost may only be around $1,500 while a more involved case might be closer to $2,000 or perhaps a bit more. These amounts only apply to relatively …
What is the Bankruptcy “Means Test”?
As a bankruptcy attorney in Omaha, I frequently get questions about the "Means Test" by people who have spent a considerable amount of time on the Internet. I actually really enjoy these technical questions because we can jump right into the little nuances of the bankruptcy means …
Chapter 13 Bankruptcy: A Very Powerful Legal Tool
Most people, including attorneys, do not fully grasp the power of a Chapter 13 bankruptcy. It is quite amazing how so many problems can be handled with such bankruptcy. Nothing else even comes close; not a Chapter 7 bankruptcy nor a Chapter 11 proceeding. The reason a Chapter 13 …
What is the Foreclosure Process in Nebraska?
For better or worse, Nebraska allows mortgage companies, banks, and other lien holders to foreclose on real property without a court proceeding. The authority that provides for non-judicial "mortgage" loans is found at Neb. Rev. St. § 76-1018 et seq. and is commonly referred to as …
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 for bankruptcy but I can't afford to file. It's just too expensive. I need a cheap and affordable option. Chapter 13 is sometimes the best …
Business Bankruptcy Options in Omaha
What is Business Bankruptcy? Business bankruptcy is a topic frequently misunderstood. Sometimes, a corporate bankruptcy filing is what is meant. In other words, the corporation itself files bankruptcy, not the individuals that own the corporation. Corporations may generally file a …
Looking for a Cheap Bankruptcy Lawyer? Do Your Research!
If you need legal advice concerning financial problems and specifically with possibly filing bankruptcy, you naturally want to get it done as cheap (and as good) as possible. In the world of Amazon, Facebook, and Google, many of us spend a lot of time doing research to find the …
Bankruptcy During Coronavirus – Prepare Now
Of course, even when times were good by comparison, many families and businesses were just barely making it month to month. Now that a worldwide economic crisis is upon us, it is obvious that millions of people and businesses will not be able to economically survive with the …
Bankruptcy, Anxiety, and What to Expect
Anxiety is the worst. I have it. You have it. We all have it to some degree or another and none of us like it too much. Ok, so anxiety has its good quality: it is meant to keep you alive. That is a perk. Thank you, Anxiety. I appreciate that. But let's face it, for something that is …
5 Things Everyone Should Know Before Considering Chapter 7 Bankruptcy
Sometimes bankruptcy is a good decision. Sometimes it is not going to help you at all. Most of the time when a person thinks of bankruptcy they think of a Chapter 7 bankruptcy. This is, in a nutshell, when a trustee will essentially take a person's assets (if any) and use the proceeds …