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Bankruptcy

Manos Legal Services > Bankruptcy

Consumer Commission – Student Loan Discharge Recommendations

[ad_1] The American Bankruptcy Institute’s Commission on Consumer Bankruptcy issued its final report last week.   This is the first in a series of articles about those recommendations.  To see more information about the Commission, follow this link. As a commissioner, I can tell you that the subject of student loans in bankruptcy was probably the single most popular topic of suggestions to and discussions  within the Commission. And the Commission took that to heart. Most critically, we recommended bankruptcy law be re-written to allow for more student loans to be discharged — or paid — in bankruptcy cases.  The very first...

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5 Ways to Optimize Your Tax Refund

[ad_1] With tax day right around the corner, you may be wondering how best to use your tax refund. The average refund, according to the latest IRS data, comes in at $2,873—a good chunk of money that could help you make some real headway on your financial goals. So what’s the best way to really optimize your refund? Let’s unpack the details. Here are five ways to help your tax refund pack the biggest punch and put you on the most solid financial ground. 1. Chip Away at Your Debt High-interest debt is a serious wealth killer, especially if you’re carrying balances from...

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Credit Card Reviews: Best Travel Rewards Credit Cards

[ad_1] From the Mint team: Mint may be compensated if you click on the links to our issuer partners’ offers that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting.  Mint Partners had no influence on the creation, direction or focus of this article unless otherwise specifically stated. There is little in life more thrilling than the feeling of a jet powering up for takeoff. But while travel may be fun, the cost of flights and hotels can turn even a...

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401k Early Withdrawal: What to Know Before You Cash Out

[ad_1] There are a number of reasons why it might be tempting to cash out your hard-earned 401k savings before retirement. From hefty car or home repairs to emergency medical expenses, sometimes unexpected circumstances cause us to seek out extra cash. In fact, 1 in 3 people have resorted to a 401k early withdrawal, often when in between jobs. However, it’s important that you’re aware of any penalties and fees before you choose to withdraw. Additionally, 401k early withdrawals may have unwanted impacts on your taxes. Read on to learn exactly what happens when you decide to dip into your 401k...

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Credit Card Top Picks: Based on Your Life Stage

[ad_1] From the Mint team: Mint may be compensated by some of the links that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting.  Mint Partners had no influence on the creation, direction or focus of this article unless otherwise specifically stated.  It seems like every day, a new credit card arrives on the scene. But how do you know if the card is worth applying for? It’s easy for consumers to become inundated and confused by all the cards available...

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Can I File Chapter 13 if I am Self Employed?

[ad_1] Can you file a Chapter 13 debt consolidation case if you are self employed? Yes, you can but expect the process to be more difficult, burdensome and expensive than it would be if you are a salaried employee. Chapter 13 works best when your income and expenses are steady and consistent. When you file Chapter 13 you will be proposing a repayment plan to the bankruptcy judge. Your plan modifies the rights of your creditors and it must meet all the requirements of the bankruptcy code. When you file your case, a Chapter 13 trustee will be assigned to verify the...

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Credit Card Reviews: The Best Credit Cards for Restaurants

[ad_1] From the Mint team: Mint may be compensated by some of the links that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting.  Mint Partners had no influence on the creation, direction or focus of this article unless otherwise specifically stated.    If diving into a meal at a hot new restaurant is a highlight of your week, or you just frequent eat at restaurants of any kind, a credit card with bonus dining rewards may be perfect for you. While...

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How to Talk Money in a Relationship: Dos and Don’ts

[ad_1] My good friend Dave once went on a date with a woman who straight-up asked him which tax bracket he fell into. Taken aback by the woman’s lack of tact and transparent criteria for a partner, Dave swiftly changed the subject. After he paid for dinner, they went their separate ways. As you can imagine, there was no second date. While there are obvious faux pas with what money questions to ask while dating, it’s mission-critical to discuss finances when you’re coupled. Easier said than done, right? In the U.S., talking about one’s finances is typically considered more taboo than...

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Judicial Estoppel: Medical Malpractice Claim Survives Omission From Bankruptcy Schedule A/B

[ad_1] A chapter 7 trustee was allowed to pursue a medical malpractice claim that the debtor had failed to list in her papers, even where the trustee and the debtor had agreed to split the lawsuit proceeds. In this New Hampshire case, Alward v. Johnston, 2017-0080 (N.H. Dec. 21, 2018), the state’s supreme court disagreed with other courts that the debtor’s conduct in omitting the asset should be imputed to the bankruptcy trustee. The chapter 7 debtor had consulted with two different law firms before filing bankruptcy. Each firm declined to help her pursue a malpractice case based on failed back...

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Newbie Investing Mistakes and How to Avoid Them

[ad_1] You’re bound to make a few rookie errors when trying out anything for the first time, whether it’s making homemade greek yogurt, growing heirloom tomatoes, or learning to drive. After all, learning is a process, and trial and error is a large part of that painful—yet essential—process. And when it comes to investing, you might be afraid to take the plunge for a number of reasons. There’s simply so much to get your head around. Plus, you’ve most likely heard horror stories of those who suffered huge losses in stocks simply because they didn’t know what they were doing. That being...

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