An adversary proceeding is separate from the bankruptcy case that is taking place and it is important to understand this distinction. Put simply, an adversary proceeding is a separate lawsuit that arises during the bankruptcy case when a complaint is filed. An adversary proceeding is heard in front of a judge and is thus a judicial mechanism...Read More
Most people with debt problems are, at least intially, highly resistant to the idea of filing for bankruptcy. Filing chapter 7 or chapter 13 is often viewed as taking the easy way out, or looked at as a good way to ruin one’s future credit rating, or as a moral failing best to be avoided. These viewpoints, combined with financial stress...Read More
Absolute Priority The order of payment to the different classes of creditors mandated by the Bankruptcy Code. Accord and Satisfaction An agreement to settle a contract dispute by accepting less than what’s due. Adequate Protection The right of a party with an interest in the debtor’s property to assurances its interest will not be diminished...Read More
If you’re living on a tight budget and find yourself barely scraping by from paycheck to paycheck, getting your tax returns might seem like an incredible gift. However, you want to use this gift wisely. While it is natural to want to spend your tax returns immediately, there are better ways to use this money,...Read More
For most college students, going away on spring break is a rite of passage, an item to check off of the “college experience” bucket list. While taking a trip with friends for spring break can be a blast, and you’ll make memories that you’ll talk about for years to come, a big trip can cause...Read More
If you find yourself in debt, and you want to spend the New Year focusing on getting out of it, you might not know where to begin. How can you get your debt under control and make a plan that will not only help you with debt management, but also one that you can actually...Read More
Today’s post comes from my friend and colleague, Fern Tausig, CH. Fern is the owner of My Healing Hypnosis and has come to our blog to share tips on how to save money by quitting smoking, which will in turn, save your life! Here is what Fern has to say: “I am always amazed at...Read More
Recently, I appeared as a guest on a talk-radio show with host, Eric Lopkin. Click here to listen to the episode and learn more about me and my practice.Read More
Welcome to 2015! I hope that you had a wonderful holiday with friends and family and had the opportunity to relax a bit. At this time of year, many people turn to “new year resolutions.” “Yes, this year I’m going to use that gym membership!” “I will finally write that novel in 2015!” “Hmmm. I’ve...Read More
