Bankrupty | Semmes Law Firm, P.C.

January 20, 2015
Bankruptcy

Collecting Discharged Debts in a Later Bankruptcy

An interesting bankruptcy law update came in late September when the Bankruptcy Court for the Eastern District of Tennessee issued an opinion on In re ...

January 13, 2015
Bankruptcy

Bankruptcy FAQ: Can I Get Rid of My Student Loans?

The majority of students graduating from college are saddled with student debt. The amounts vary, but the average debt for college seniors carrying student loans ...

January 6, 2015
Bankruptcy

FDCPA Cause of Action Still Available to Bankruptcy Debtors

The law is ever evolving and bankruptcy law is no different. Despite a large code governing bankruptcy proceedings, there are still many issues for which ...

September 29, 2014
Bankruptcy

How does bankruptcy affect my divorce judgment or settlement?

Alimony (spousal support) will not be affected by filing a bankruptcy. You must consult a bankruptcy attorney to discuss the effect of bankruptcy on property ...

September 29, 2014
Bankruptcy

Can I file bankrutpcy on my child support or alimony?

Bankruptcy will not eliminate any child support or alimony (spousal support) that you owe. However, depending on your situation, you may be able to catch ...

September 29, 2014
Bankruptcy

Does my spouse have to file bankruptcy with me?

No, you may file without your spouse. Joint debts Generally, marriage alone doesn’t make both spouses personally liable for a debt. Liability on contracts such ...

September 29, 2014
Bankruptcy

Can I discharge my student loans in a bankruptcy?

Student loans are not dischargeable in bankruptcy unless repaying the loan creates an undue hardship on you or your family. Proving hardship requires showing that ...

September 29, 2014
Bankruptcy

Can I give my assets to someone else before filing bankruptcy?

Transferring assets to someone else before filing will not put your assets beyond the reach of creditors and bankruptcy trustees. Such a transfer could lead ...

September 29, 2014
Bankruptcy

Will I lose my retirement savings if I file a bankruptcy?

No, most forms of retirement savings are unaffected by a bankruptcy filing, either because they are not property of the estate or because they may ...

September 29, 2014
Bankruptcy

Is the IRS affected by my bankruptcy filing?

All creditors, including the IRS, must stop collection efforts after the filing of a bankruptcy is filed. Whether an IRS or State tax claim can ...

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