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My father cosigned my auto loan…

April 5th, 2011 by

What will happen to him if I file bankruptcy? With the tough economy, we have observed a common pattern in our practice.  As more and more recent high school and college graduates find it difficult to find jobs, they are relying on their parents for financial assistance.  One of the most common ways for...

Tax time is coming….

April 5th, 2011 by

A holiday in Washington, D.C. means that federal taxes are due on April 18, 2011 instead of April 15, 2011.  If you reached a settlement with a creditor or debt collector and had a debt of more than $600 forgiven, you may be facing some extra tax liability.  Why?  A form 1099-C is issued...

My Great Aunt Ethel loaned me money

March 22nd, 2011 by

Can I leave her out of my bankruptcy? No. During our initial meetings, our clients frequently tell us that they would like to “do a partial” bankruptcy and only list certain creditors. More often than not, it turns out that the debt that they do not want to include is a personal loan from...

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