The Bankruptcy Blog

Why Ignoring Your Debts Will Only Make it Worse

Why Ignoring Your Debts Will Only Make it Worse

Taking action is hard.  Sometimes, simply ignoring the growing pile of bills or avoiding the endless phone calls seems easier than facing what might be inside the envelope or who might be on the other end of the phone line.  But, merely ignoring debt problems won’t make them magically disappear.  In reality, ignoring unpaid bills…

How Do You I Get Rid of Medical Bills?

How Do You I Get Rid of Medical Bills?

Of all the trials the American people face, perhaps none is more troubling than the financial difficulties brought on by the rising costs of consumer goods and services such as health care. The state of the economy changes every day, which naturally results in fluctuating prices for certain products, but in recent years the concern…

Being Sued in Omaha, Nebraska? Join the crowd!

Being Sued in Omaha, Nebraska? Join the crowd!

As of March 5, 2013, over 4,700 lawsuits have been filed in the County Court of Douglas County, Nebraska for 2013 alone!  That averages out to be 104.4 new lawsuits every business day.  And, that’s just in Douglas County.  In Sarpy County, Nebraska , approximately 981 new lawsuits were filed in 2013 in the County Court…

Will I Lose My House if I File Bankruptcy in Nebraska?

Will I Lose My House if I File Bankruptcy in Nebraska?

Can I protect the equity in my house in Nebraska if I file bankruptcy? Normally, the answer is yes, up to $60,000. But, not everyone qualifies for this exemption. Nebraska Bankruptcy Homestead Exemption The bankruptcy homestead exemption law in Nebraska is geared toward protecting families and people 65 years of age or older. Thus, if…

Can Bankruptcy Help the Student Loan Crisis?

Can Bankruptcy Help the Student Loan Crisis?

Millions of Americans are facing a student loan debt crisis.  The young, in particular, have collectively been robbed and cheated of a bright economic future by crushing amounts of student loan balances.  Out of desperation for a solution, more and more people are wondering if bankruptcy could deal with this problem.  Unfortunately, in most cases,…

Do I Get to Keep My Inheritance if I File Bankruptcy?

Do I Get to Keep My Inheritance if I File Bankruptcy?

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 and strong feeling of a bond between…

Do I Get to Keep My Tax Refund if I File Bankruptcy?

Do I Get to Keep My Tax Refund if I File Bankruptcy?

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 levels of protection. All tax…

I Declare Bankruptcy!!!  1 Easy Step

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…

When Does Filing Bankruptcy Make Sense?

When Does Filing Bankruptcy Make Sense?

Should I file bankruptcy?  Is there any other way to settle my debts without filing bankruptcy?  What are the long term effects of bankruptcy?  Or, perhaps the question should be what are the effects of not filing bankruptcy if I know that it is near impossible to pay my creditors back? Bankruptcy should not be…

Divorce Property Settlement Wiped Out in Bankruptcy

Divorce Property Settlement Wiped Out in Bankruptcy

Schultz versus Schultz.  Mr. and Mrs. Shultz were going through a divorce in the District Court of Buffalo County, Nebraska.  On August 30, 2011, the court enters an order that provides: To equalize the division of the property of the parties and allocation of the indebtedness to be paid, the court finds that a judgment…

The Thought of Bankruptcy Makes Me Sick: Truth vs. Perception

The Thought of Bankruptcy Makes Me Sick: Truth vs. Perception

The agony of contemplating bankruptcy Understandably, the thought of filing bankruptcy makes most people very uncomfortable and, for some, physically sick.  Feelings of shame and complete failure are common.  Depression and anxiety are in full swing in many cases.  Even people that seem to have outwardly come to accept their need for bankruptcy still have…

Student Loan Bankruptcy Discharge Update

Student Loan Bankruptcy Discharge Update

On October 30, 2012, the United States Bankruptcy Appellate Panel for the Eighth Circuit issued a new opinion regarding the subject of discharging student loans in a bankruptcy proceeding.  In the matter of Shaffer v. U.S. Department of Education, No. 12-601 (8th Cir. BAP Oct. 30, 2012), the Court addressed whether or not Susan M….

Critical Bankruptcy Information for People in the Omaha Area

Critical Bankruptcy Information for People in the Omaha Area

I can’t help it.  I can’t stand sloppy workmanship and being told less than the whole truth. And, I really dislike it when people aren’t nice, polite, kind and helpful to others, regardless of their position in life and their viewpoints. What does this have to do with Bankruptcy?  Well, everything, if you ask me….

The Brighter Side of Bankruptcy

The Brighter Side of Bankruptcy

Life goes on after Bankruptcy Probably the most satisfying part of my job as an Omaha bankruptcy attorney is seeing the stress, anxiety and overall sense of gloom and doom lifted from my clients’ lives.  Yes, it really will be OK!  How do I know?  Because I have witnessed thousands of clients who have filed…