Remember survey courses from college? Kinda like flying low over new territory without ever landing and getting on the ground? That’s what I propose to do with the topic of insurance. Insurance, as we see it in bankruptcy. It isn’t frequently a hot topic, but when it is, the numbers are large and the possibility […]
The More We Get Together
Not a bad place for a weekend, eh? The NACBA convention was great. The two buildings on the left housed the convention. But I’m back in the real world, at home, in the realm of real people with real problems. Kudos to Tara Twomey who had a large hand in selecting the content of the […]
Why Realization Dawns Too Late
This time, I have a question for you. How do we get laymen to see a situation as one involving legal rights rather than just a “life event”? That question was asked of the audience at a training on new legal rights created by the California Homeowner’s Bill of Rights. That bill includes protections for […]
Got These Dates?
Friday The Chapter13 trustees ‘ Academy is sponsoring a free Means Test webinar Friday, April 19, 2:00 Eastern/1:00 Central. (Somehow they forgot to hold the hands of those of us in the Pacific time zone. My sources say that would be 11 am. PDT.) Projected Disposable Income (a/k/a Expected Unrecognizable Outcome): United States Bankruptcy Judge Fredrick E. […]
Projecting Tax Expense In A Life In Flux
When your client’s tax situation is changing, projecting taxes for the means test becomes more challenging. We talked earlier about correcting projected taxes for means test purposes when the situation is stable and the debtor is either under or over-withheld. When there are more moving parts, for tax purposes, you’ve got different adjustments to make. […]
Tax Withholding Not Etched in Stone
Taxes are one of the means test expense items that I have labeled as a gamechanger. Those gamechangers are entries on B-22 where a thorough bankruptcy lawyer has an opportunity to significantly alter the disposable monthly income. Facility here starts with the concept that the “right” tax figure may not be what’s been withheld from […]
On The Trail Of The Reopened Bankruptcy Case
We’re here at the trail head. Our goal is to reopen a bankruptcy case. I can’t tell you comprehensively where this trail leads, but as bankruptcy lawyers, we often set off down the path. As we find in the cases, the trip may not be necessary. A starting point I reached into my box of […]
