Ok, so you have worried enough and struggled through the decision making process and now know that you need to file bankruptcy. You want to get this done; so what are the necessary steps? Bankruptcy attorneys in Omaha and elsewhere are required to make sure that the information on your bankruptcy petition is, to the best of their …
Part I of Nebraska Bankruptcy Exemptions: An Omaha Bankruptcy Lawyer Explains
Bankruptcy exemptions are designed to PROTECT your assets One of the most fundamental tasks that an Omaha bankruptcy attorney must quickly and effectively determine is what assets of his or her client are safe and protected if a bankruptcy is filed and which are not, if any. If you don't get that analysis right, there will be BIG …
Business Bankruptcy Options in Omaha
What is business bankruptcy? A 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 Chapter 7 bankruptcy (to completely go out of …
Using State of the Art Technology for Chapter 13 Plans in Omaha
In the beginning, Omaha bankruptcy attorneys used typewriters Not so many years ago, when George H.W. Bush was still president, most bankruptcy attorneys in Omaha used typewriters and a lot of carbon paper to prepare bankruptcy petitions. The year was 1989 when I prepared my first bankruptcy petition. I remember it clearly because …
Bankruptcy Can Help You Get Your Driver’s License Back
If you have lost your driver's license due to an accident and didn't have insurance, filing bankruptcy can solve the problem. The bankruptcy discharge rules (statutes) are written so that generally EVERYTHING is wiped out or discharged UNLESS there is an exclusion specifically mentioned. There are several exceptions to debts that …
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 test and how it works in the "real world." And, more …
Does it Matter Which Chapter 13 Bankruptcy Attorney I Choose?
Yes, it does. Read on. Your Omaha Chapter 13 bankruptcy attorney selection makes a HUGE difference in the ultimate outcome of your case. It takes years of actual experience in the trenches of the Chapter 13 bankruptcy world to have an understanding of what is going on. It's just one of those areas of law that you can't bluff …
Got Sued? Bankruptcy Attorneys Can Help Fast
As bankruptcy attorneys in Omaha, Nebraska, John T. Turco & Associates, P.C., L.L.O. gets working on your case FAST. Our team of bankruptcy attorneys and support staff is second to none in the Omaha metropolitan area and we know how to protect you from a lawsuit, garnishment, house foreclosure, tax levy or any other type of …
Critical Considerations When Choosing a Chapter 13 Bankruptcy Attorney
Filing a Chapter 13 bankruptcy is not only important in and of itself, it also establishes a 3 to 5 year relationship with a Chapter 13 attorney and his or her office. This is something to seriously consider and contemplate before making a decision as to what Omaha bankruptcy attorney to work with if you need to file a Chapter 13 …
Omaha Bankruptcy Hearing Nightmares: Choose Your Lawyer Carefully
The truth is that more than a few bankruptcy hearings in Omaha, Nebraska don't go well for the person or couple filing bankruptcy. But, it doesn't have to be that way. When honesty and a careful attention to detail are combined, you have very little, if anything, to worry about. 1. What you don't know can hurt you in a bankruptcy …
Top 5 List of Little Known Facts That Can Help You Navigate Bankruptcy
There are just so many little known facts about bankruptcy that, if better known, could really help people suffering from financial problems. I've compiled a quick list of topics that many of my clients were surprised to learn: 1. Can taxes be discharged in bankruptcy? Answer: Yes, sometimes. The first rule is that you can only …
How Much Does it Cost to File Bankruptcy in Omaha, Nebraska?
For the average person or couple filing a Chapter 7, the average cost to file bankruptcy in Omaha, Nebraska is LESS than $1,500. On the lower end, the total cost may only be around $1,100 while a moderately more involved case might be closer to $1,500 or perhaps a bit more. These amounts only apply to relatively simple consumer …
Why Do People Need to File Bankruptcy? Perspectives From a Bankruptcy Lawyer
Why do people need to file bankruptcy and what causes it? Answer: Because we need to have a future and we are human. Bankruptcy is about letting bygones be bygones and cutting your losses in order to create a more stable foundation for the future. Whether unintentional or not, humans are not perfect and we make mistakes every …
Considering Bankruptcy? Get a Second Opinion!
Not everyone with financial problems should file a bankruptcy. I say this as an Omaha Bankruptcy Lawyer. The truth is that bankruptcy is not a very good option for many people. By my unscientific poll, based on meeting with thousands of people and having practiced Chapter 7 and Chapter 13 bankruptcy law in Omaha since 1989, …
Filing a Chapter 13 Bankruptcy Will Stop a Foreclosure Sale
Yes, it's true. A Chapter 13 bankruptcy will STOP A FORECLOSURE SALE. Chapter 13 bankruptcy is the Swiss army knife of the bankruptcy world. Although it seems kind of weird to get excited about the power of a Chapter 13 bankruptcy, when I started my career as an Omaha bankruptcy attorney in 1989, I was immediately drawn to the …
Find a Cheap Bankruptcy Lawyer in Omaha, Nebraska
So, you want to find a Cheap Bankruptcy Lawyer in Omaha, Nebraska? Ok, let's talk about that. If you are like me, you're really skeptical about advertisements, infomercials, and smooth sales pitches. Of course, I love a good deal too and am entertained by these ads....because they are so ridiculous. Within the last few weeks, I …
Filing for Bankruptcy in Stockton, California
Stockton, California is set to file a Chapter 9 bankruptcy. This may very well be a trend of the future as the recession from the 2008 financial crises continues. Although they have been relatively rare, governmental entities, such as cities, counties and towns, are able to file for a special type of bankruptcy under Chapter 9 of …
What is Bankruptcy?
Honestly, most people don't know what a bankruptcy really is. What does it actually mean to "file bankruptcy?" Does the government or some other organization pay my bills for me when I file bankruptcy in Omaha or anywhere else? These are really good questions. When I graduated from Creighton Law School located in Omaha, …