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If you paid money to one of your creditors before you filed bankruptcy, this might have been what is called a “preferential transfer.”  If the payment meets the definition of a preferential transfer that is in the bankruptcy code, the Trustee will try to recover that money from the creditor to benefit the bankruptcy estate.

David Cassidy, famous as the dreamy Keith Partridge in the Partridge Family, has filed chapter 11 bankruptcy in Florida claiming $10 million in debt.  Throughout his career David Cassidy sold over 30 million records but now he says he is broke.  Although he recently won a lawsuit against Sony regarding profits from the Partridge family, it was not enough to get him out of debt.

Tax season is upon us and if you are in a current Chapter 13, this is a great question!  The lure of a large tax refund is very tempting to file electronically but if you owe any governmental agency to include taxes, student loans or child support arrears, you should file your tax return via snail mail.  With your return, you should include a copy of your bankruptcy notice along with a copy of your

In light of recent events, namely the U.S Supreme Court’s refusal to stay a U.S District Court’s decision that Alabama’s same-sex marriage ban was unconstitutional, it is important for Alabamians to know that the Social Security Administration has begun accepting benefit applications for same-sex couples in states where it is legal.

There are a lot of myths, half-truths and misconceptions surrounding bankruptcy, but this particular one comes up over and over again:

Nobody likes getting a phone call from a debt collector. If you’re being called about a legitimate debt that you know that you owe, your sense of your moral obligation to pay the debt is usually weighing heavily on your mind. After all, if you had the funds, you’d pay the debt and wouldn’t be getting calls in the first place.

I read with interest an article on myfoxal.com which discussed the potential layoff of hundreds of workers at the Fairfield Tubular Operations and Fairfield Works in the Birmingham, AL area. Nearly 1600 workers received notices but the actual number will depend on market demand according to the article.

Although bankruptcy can be a powerful tool for eliminating debt, not all debts can be wiped away.  In addition, many clients are unsure of the effects of eliminating debts and often engage in wishful thinking regarding the outcome of the case.

The Home Affordable Refinance Plan (HARP) is set to expire on December 31, 2015. Many Americans remain unaware of the program at all, much less that they may lose the opportunity to benefit from it later this year.