Most states, including Nebraska, have financial responsibility laws that suspend a driver’s license if a person causes an accident and lacks insurance to fully pay the resulting damages.
Filing bankruptcy may allow a person to immediately reinstate their license in most cases, but there are special rules that apply.
What happens if a person fails to list a debt on their bankruptcy case? That exact question was presented to the Nebraska bankruptcy court when debtor Peggy Gonzalez failed to list her landlord as a creditor in a Chapter 7 case (Nebraska Bankruptcy Case 09-81123). After the bankruptcy case was completed, the landlord sued Ms.
I keep reading these stories about how great the Nebraska economy is and how low the unemployment rate is low compared to other states, but based on what I am seeing and hearing in my office these days I have a hard time believing the news. Yet, they keep reporting the Nebraska unemployment rate at
The Nebraska Bankruptcy Court has ruled that an unmarried debtor who resided in his home with his long-time girlfriend cannot protect the equity in his home under the Nebraska Homestead Exemption. See In re Chrisman, Nebraska Bankruptcy Case 11-41281-TJM. The debtor, Mark Chrisman, filed Chapter 7 in May of 2011 and listed a home
Chapter 13 cases involve a payment plan over 3 to 5 years. No case may be completed in less than 3 years (unless an undue hardship exists), nor may the plan extend beyond 5 years.
Since 2005, the Bankruptcy Code now requires that debtors whose income is above the median family income levels to remain
The 8th Circuit Bankruptcy Appellate Panel has allowed a debtor who was ineligible to receive a discharge in a Chapter 13 case to strip wholly unsecured liens filed against a debtor’s homestead. In the case of In re Fisette, No. 11-6012 (8th Cir. BAP Aug. 29, 2011), the debtor was ineligible to receive a
Somewhere between 30 to 50 thousand civil lawsuits are filed in Nebraska each year. Unfortunately, very few people actually bother to respond to the lawsuit and therefore suffer a Default Judgment being entered against them. I would estimate that over 90% of the debt collection lawsuits result in uncontested default judgments.
Here is what you
Over the past few years we have been hearing stories of phony legal documents used by foreclosure firms. As a bankruptcy attorney I receive a lot of literature about how banks have “lost” thousands of mortgage documents and that many of the foreclosures conducted in the country are illegal since there is no written proof
How long do you have to wait to file bankruptcy if you have filed in the past?
The answer is that there is no limit to how many times you may file bankruptcy, but there are a few special rules governing how often a bankruptcy case will discharge your debts when you have filed before.
Chapter 13 is a 3 to 5 year payment plan supervised by a bankruptcy trustee designed to reorganize relatively small debtors. Big companies or individuals with substantial debt seeking to establish reorganization plans (as opposed to filing a Chapter 7 liquidation bankruptcy) must file Chapter 11. The streamlined procedure of Chapter 13 is limited to