the DO's and DON'Ts of Protecting a Tax Refund in Bankruptcy For many people, a tax refund is a good way to pay for things, like Bankruptcy legal fees, that are often so difficult to save for during the year. Receiving large tax refunds right before a Bankruptcy is filed can create problems [...]
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What to do when your small business faces a customer filing for Bankruptcy For small businesses, receiving a notice of a customer’s bankruptcy can be confusing. While the best advice is always to contact an attorney to determine the exact impact of the bankruptcy, the analysis can be broken down into a few basic [...]
How to maximize the chances of keeping your property in Bankruptcy Of course, the question that forms the title of this article is asked tongue in cheek. For my clients, losing the property they want to keep is never the goal! So the real question is how do you maximize your chances of keeping your [...]
How Student Loans work when filing Bankruptcy Without question, student loan debt is on the rise. The trend is likely due to a combination of factors, including a poor job market encouraging many to continue their educations, increasing tuition costs, and fewer parents with the financial ability to help out. The rising student loan debt [...]
Rebuilding Your Credit the Right Way Separating fact from fiction is difficult when trying to research how to improve your credit. Many credit repair companies market on television and radio commercials that they have the secrets to cleaning up credit, but is there really any magic to credit repair? The truth is that consumers do [...]
Inheritances Received by Chapter 13 Debtors after Confirmation and after the Filing of the Case: Exactly Whose Money Is It? Experienced debtor's counsel understand the difficulty in managing clients through a three- to five-year Chapter 13 process. Life continues for debtors, of course, even after confirmation, and situations arise for debtors that do not [...]
Now What? Issues a Small Business Faces When a Customer Files for Bankruptcy The following was originally published in Lynchburg Business Magazine, January 2014 issue, and was written by David Cox. For small businesses, receiving a notice of a customer’s bankruptcy can be confusing. While the best advice is always to contact an attorney to [...]
The answer might be different than you would think In the last three decades, bankruptcy filings in the U.S. have risen from just over 330,000 in 1980 to over 1.2 million last year. Although it is impossible to identify all of the reasons with precision, the increases have been generally attributed to a number of [...]
David Cox was inducted on March 15, 2013, as a Fellow in the American College of Bankruptcy David Cox was inducted on March 15, 2013, as a Fellow in the American College of Bankruptcy at a ceremony at the Smithsonian Donald W. Reynolds Center for American Art and Portraiture in Washington, D.C. David [...]
What to do when the market drops As homeowners across the country are painfully aware, the U.S. housing bubble burst in 2006 as home prices plummeted for several years thereafter and even into 2013. Homeowners have watched helplessly as any equity they had built in their homes quickly diminished to the point that many homeowners [...]