What Happens When a Person in Bankruptcy Dies?

What Happens When a Person in Bankruptcy Dies?
When a person in bankruptcy dies, their debts are not passed to their heirs. Instead, the inheritance received by an heir may be reduced by the debts of the deceased. This means that creditors can still go after the property...
September 20, 2023
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How to Protect your Mortgage After Chapter 13 Discharge

How to Protect your Mortgage After Chapter 13 Discharge
If you have a mortgage on your residence and you decide to file a Chapter 13 bankruptcy, you may wonder what happens to your mortgage during and after your bankruptcy case. First, mortgages are not typically discharged through your Chapter...
July 17, 2023
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How Chapter 13 Bankruptcy can STOP Repossession & Lower Car Payments

How Chapter 13 Bankruptcy can STOP Repossession & Lower Car Payments
Dealing with overwhelming debt can be a stressful and challenging experience. If you're struggling to make your car payments and considering bankruptcy as an option, Chapter 13 bankruptcy can provide a viable solution. This blog post will explore how Chapter...
June 15, 2023
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Are Bankruptcies Increasing in 2023? Is Inflation to Blame?

Are Bankruptcies Increasing in 2023? Is Inflation to Blame?
According to Epiq News, all bankruptcies, consumers and commercial, has been increasing significantly during the first quarter of 2023. Chapter 7 cases increased 12%. Chapter 13 cases are up to 28% increase just in the first quarter. For commercial bankruptcies...
June 2, 2023
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Can Orders of the Bankruptcy Court be Appealed?

Can Orders of the Bankruptcy Court be Appealed?
One of our attorneys, Errin Stowell, recently had the opportunity to present oral arguments on a bankruptcy issue in front of the 8th Circuit Bankruptcy Appellate Panel. In his honor, let’s discuss how appeals to the bankruptcy court work. Appealing...
May 3, 2023
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How are Debts Handled under Different Bankruptcies?

How are Debts Handled under Different Bankruptcies?
Our firm files many Chapter 7 bankruptcy cases annually, which are liquidation cases that do not involve plans to reorganize debts over time. We also file numerous Chapter 13, Chapter 11, and 12 consumer bankruptcy cases, which involve plans to...
March 27, 2023
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Tax Refunds in Bankruptcy

Tax Refunds in Bankruptcy
In bankruptcy cases, tax refunds earned during the year in which someone files for bankruptcy can be taken by a trustee who oversees the case, even if the tax refund doesn’t arrive for months after the case is filed. The...
February 3, 2023
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Can I refinance my home loan during my Chapter 13 bankruptcy?

Can I refinance my home loan during my Chapter 13 bankruptcy?
In an appreciating housing market, debtors in Chapter 13 bankruptcy sometimes want to know if they can refinance their home loan. The short answer is: Maybe. When a debtor is in Chapter 13, he/she is not supposed to take out...
October 14, 2022
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Why Do I Still Owe Taxes After My Chapter 13?

Why Do I Still Owe Taxes After My Chapter 13?
When a debtor files a Chapter 13 bankruptcy, he/she is required to pay in full over the life of the payment plan any taxes that are non-dischargeable, which are known as “priority” taxes. If a debtor has taxes that do...
July 18, 2022
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Changes in the BK Legislation Regarding Debt Limits

Changes in the BK Legislation Regarding Debt Limits
Back in April of this year, the US Senate passed a bill that would have restored the Subchapter V (of Chapter 11) Debt Limits to $7.5 million for small businesses proceeding through the process. As an incentive to support this...
June 17, 2022
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