Should I File Bankruptcy?
As I begin my 40th year in the Bankruptcy Practice, I have been asked, “What is the best advice you have given to a potential client”? Without hesitation, I can say that the best [...]
January Year-over-Year Bankruptcy Filings Increase Across All Main Chapters
Bankruptcy new filings were up year-over-year across chapter 7, 11, 13, and 15 in January 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. [...]
Biden Administration to Propose Rule to Lower Credit-Card Late Fees
President Biden plans to announce Wednesday that his administration is proposing a rule that would limit the late fees credit-card companies can charge, bringing penalties down to $8 from as much [...]
Banks Brace for More Consumers to Fall Behind on Their Loans
Regional lenders and banks with big credit-card businesses continued to profit from borrowers who ran up credit balances at higher interest rates in the fourth quarter. But many tightened their [...]
IRS FREE FILE LAUNCH AIMS TO SAVE TAXPAYERS HARD-EARNED DOLLARS
IR-2023-06, January 17, 2023 WASHINGTON — The Internal Revenue Service’s Free File Guided Tax Preparation service is live and ready for taxpayers to use. Free File went live January 13, [...]
Individual Chapter 13 Filings Increase 32 percent in Calendar Year 2022
Jan. 5, 2023 – Individual Chapter 13 bankruptcy filings during calendar year 2022 (Jan. 1-Dec. 31) increased 32 percent to 149,072 from the 2021 total of 112,913, according to data provided by [...]