Articles Tagged with bankruptcy estate

Published on:

Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I keep my car if I file bankruptcy?”

If you’re in the midst of tough financial times, it isn’t surprising that you might have to consider alternative ways of raising money. Though you may never have thought about pawning your property before, if you have bills that need to be paid it might be one of your only options. Once the item has been pawned you might not think much about it, but a recent bankruptcy case out of Georgia indicates that might not be the end of the story, especially if you want to try and get that property back.

Published on:

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”

If you’re considering filing for bankruptcy, particularly a liquidation bankruptcy under Chapter 7, you are likely eager to understand exactly what property you will be able to hold onto throughout the process. One item you may not think about, but that can prove to be very important, is legal settlements/awards in a personal injury case. It may not occur to you that these could be forfeited in bankruptcy, but depending on your circumstances that is absolutely possible. To learn more about what happens to money won in a personal injury claim, keep reading.

Published on:

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

The bankruptcy process can seem opaque. Few people understand how filing for bankruptcy works and it can be hard to get reliable information from those who do know. This lack of information can have the unfortunate side effect of discouraging people who might otherwise benefit from bankruptcy from pursuing it. In an attempt to help demystify the whole process, let’s explore an aspect of the bankruptcy system that is likely unfamiliar to most people: the bankruptcy trustee.

Published on:

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are North Carolina’s exemptions?”

In the various stories we discuss on this blog, we frequently include warnings against hiding assets when filing for bankruptcy. One particular case this summer provides an illustration of precisely why doing so can land you in hot water—and prison.

Published on:

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What are the pros and cons of bankruptcy ?”

If you are considering filing for bankruptcy you likely have many thoughts swirling around your head. Concerns about your own money and how the decision to file impacts your financial life are enough to keep most people up at night. Even more stressful, is how filing for bankruptcy could impact your children. You may wonder how filing impacts money set aside for the kids, how it could impact their property and whether it could impact their education, such as private school tuition or the ability to secure student loans. To find out more, keep reading.

Published on:

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Are my 401k and IRA protected in bankruptcy?”

A District Court’s reversal of a bankruptcy court’s application of Section 548(e) of the Bankruptcy Code to a portion of trust assets has bankruptcy insiders breathing a sigh of relief. As Forbes reports, absent the reversal, bankruptcy trustees would have had broad authority to seek to set aside legitimate trust activities in order to seize trust funds for the benefit of creditors.