Why there’s a unified movement to cancel student loans but not credit card debt or mortgages? Very interesting article discussing this topic at CNBC at https://www.cnbc.com/2022/05/10/why-theres-a-push-to-forgive-student-loans-but-not-other-debt.htmlJim Shenwick, Esq. 212-541-6224 jshenwick@gmail.com

I’ve been having nightmares about the 9th’s Circuit’s decision in Siegel for 20 years. Broad strokes, Siegel (143 F.3d 525 (9th Cir. 1998) holds that a filed claim in a no asset bankruptcy case to which no one objects is entitled to preclusive effect in subsequent litigation by reason of Bankruptcy Code §502. In Siegel, […] The post Siegel, Claim Preclusion & Me appeared first on Bankruptcy Mastery.

 Pot and Bankruptcy Law, Not a Great MixAn article posted at JDSUPRA, titled "Even Indirect Income from Cannabis Can Get You Banned From Bankruptcy" notes that "despite widespread trends in state-level legalization and decriminalization of high-THC cannabis and growing acceptance of cannabis among Americans, cannabis and cannabis products remain illegal under federal law".  Accordingly, the article states that  bankruptcy courts have consistently dismissed cases when a debtor directly engages in violations of the Federal Controlled Substances Act ("CSA") or where the debtor's reorganization efforts depend on proceeds derived from CSA violations. The article can be found at https://lnkd.in/eKqHw-GaJim Shenwick, Esq. 212 541 6224 jshenwick@gmail.com#cannabis#bankruptcy

Chapter 13 bankruptcy can discharge any non support obligations associated with a divorce. That’s worth repeating: any marital settlement agreement or court judgment that calls for payment or indemnity by one spouse to the other in the future is potentially vulnerable to a subsequent bankruptcy filing by the obligor-spouse. While obligations deemed to be “support” […] The post How To Bankruptcy-Proof A Divorce Settlement appeared first on Bankruptcy Mastery.

If you plan on filing for either Chapter 7 or Chapter 13 bankruptcy in Pennsylvania, you need to be prepared for the challenges you may face. So, before you file, it’s wise to learn why bankruptcies are most often denied in Pennsylvania. If your Chapter 7 bankruptcy was denied in Pennsylvania, it was probably because […] The post Reasons that Bankruptcies Are Denied in Pennsylvania appeared first on .

For some people on Social Security, Doing Nothing About Debt Problems Works Fine I tell a couple people a month there’s no reason to file bankruptcy. Most often older people who have no income except for social security. For them, there’s often no reason to file bankruptcy. Here’s why. People File Bankruptcy for Three Reasons […] The post Solving Your Debt Problems By Doing Nothing. by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.

 https://www.cutimes.com/2022/04/26/n-y-credit-union-sues-ncua-over-taxi-medallion-loan-participation-dispute/?slreturn=20220404101101

In Bankruptcy, Can I Protect the Equity in My House? Bankruptcy is set up by the Federal government, but each state sets its own rules on how much equity you can protect if you file Chapter 7 bankruptcy.  That protection is called your homestead exemption.  In April 2022, Colorado raised their homestead exemption from $75,000 […] The post Colorado Bankruptcy Homestead Just Increased to $250,000 by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.

April 2022 saw courts dish out two big penalties for Bankruptcy Fraud. In April 2022, over in the UK, former tennis great Boris Becker was sentenced to two-and-a-half years in prison for bankruptcy fraud: hiding $3 million in assets during his case. Becker had landed bankruptcy in the UK back in 2017, because of a […] The post Penalties for Bankruptcy Fraud by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.

As we return to in-person conferences, networking events, and other gatherings, we may need to dust off our networking and small talk skills.  This article explores “8 F’s” to use to start a conversation or keep a conversation going as you re-engage. AHLA - The 8 F's (reprint) Reprinted with permission from the https://www.americanhealthlaw.org/. The post The 8 F’s of Re-Engagement and Networking Small Talk appeared first on Sylvia Mayer Law.