I sued you, you didn’t file an answer,
and you didn’t come to court.
What more do I need to prove?
–Remark made by an attorney for a junk-debt buyer.*
Junk debt is a debt that is sold by creditors at a deep discount with very little or no documentation of the original contract, no
Across the State of Nebraska, you could have heard a collective groan of debtor attorneys as the Nebraska Bankruptcy Court issued a new ruling limiting the ability of debtors to avoid liens in motor vehicles. In the case of In re Cardwell, the Court ruled that a debtor may not utilize the “Tool of
How much does it cost to file Chapter 13? I have answered that question for nearly 20 years, and it seems that about every 5 years the local court rules provide a different answer. Well, the Nebraska Bankruptcy Court rolled out yet another compensation system for debtor’s attorneys effective December 1, and this time
The Nebraska Bankruptcy Court has ruled that a $40,913 federal student loan owed by a 67 year old debtor whose sole source of income was from Social Security retirement in the amount of $830 per month should be discharged. In re Grimes, Case #06-81303 (2013). In coming to its decision, the court
There has been a definite change in the attitude of bankruptcy courts are taking towards the discharge of student loans in bankruptcy. I am reading cases throughout the nation that indicate a greater willingness of the Courts to discharge these debts. A case affecting debtors in Nebraska with student loan debt underscore this recent change
Whether a business is incorporated or not can have a dramatic impact on the outcome of a bankruptcy case, especially in Chapter 7 cases where the bankruptcy trustee has the power to sell non-exempt assets. Successfully filing a business bankruptcy in Nebraska depends on understanding the important difference between incorporated and unincorporated business assets.
Let’s