The Bankruptcy Blog

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…

Part III of Nebraska Bankruptcy Exemptions: The Wildcard

Part III of Nebraska Bankruptcy Exemptions: The Wildcard

Nebraska law provides a wildcard exemption for any personal property except wages.  Personal property is generally defined as anything that is not real estate or wages.  In Nebraska, each debtor in bankruptcy receives a $2,500 wildcard exemption that may be used to protect any personal property.  The specific language of the wildcard exemption is found…

Affordable Options for Filing Bankruptcy in Omaha

Affordable Options for Filing Bankruptcy in Omaha

2012 has been a very difficult financial year for many people in Omaha and nationwide and it seems to be getting worse.  Something is definitely not right with the economy and many good people are finding themselves facing bankruptcy for the first time.  This is a sad situation for our country and we can only…

Part II of Nebraska Bankruptcy Exemptions: An Introduction

Part II of Nebraska Bankruptcy Exemptions: An Introduction

An overview of the Nebraska Bankruptcy exemption scheme The foundation of determining which exemption laws apply in Nebraska with respect to a bankruptcy filing starts with Neb.Rev.St. § 25-15,105.  This section of the law reads as follows: The federal exemptions provided in 11 U.S.C. 522, subsection (d), are hereby rejected by the State of Nebraska. The State of…

Necessary Documents for Filing Bankruptcy in Omaha

Necessary Documents for Filing Bankruptcy in Omaha

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…

Bankruptcy Can Help You Get Your Driver’s License Back

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 are not discharged with…

Does it Matter Which Chapter 13 Bankruptcy Attorney I Choose?

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. Experience Makes a Difference 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…

Considering Bankruptcy? Get a Second Opinion!

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…

Find a Cheap Bankruptcy Lawyer in Omaha, Nebraska

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,…

Overcoming Bankruptcy Filing Fees

Overcoming Bankruptcy Filing Fees

The attorneys at John Turco Law Office are sympathetic to the plight of many Nebraskans and Iowans who could desperately utilize the fresh start of bankruptcy, yet feel stuck in limbo due to the expense to file.  According to a new CNN Money article, there is a large segment of the population that will need…