Can I keep my tax refund if I file for bankruptcy?

Yes…. maybe. If you are planning to file for bankruptcy and have gotten (or expect to get) a tax refund, you should plan carefully so you can keep all or part of that refund. If possible, you should file your tax return and get and spend your refund on permissible purposes prior to filing. Your refund is an asset, whether it’s cash in hand or you have the right to receive it in the future. If you wait until after filing for bankruptcy to file your return, or do not get your refund until after filing for bankruptcy, the Trustee…

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Can I file for bankruptcy and keep my house?

Maybe. That may seem like a typical lawyer answer, but it is the most accurate one. Most outcomes are dictated by a combination of the facts as they are applied to the law. This question is no different. Sometimes a person can file for bankruptcy and keep their home. Sometimes they cannot. The answer depends on a variety of facts that change from case to case. Some of the factors that determine that outcome are the following: Do you have a mortgage? Are you current in your mortgage? Do you have any other mortgages, lines of credit or other liens…

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Local paper interviews Attorney Laura Mann

The West Milford Messenger interviewed me last week. The article came out in Friday’s (yesterday’s) paper. I think they did a great job on the article. What do you think? Check it out and let me know! http://www.strausnews.com/articles/2010/08/20/west_milford_messenger/news/13.txt

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Is there life after bankruptcy?

YES! At least there can be, as long as you see it for the opportunity it is and make the most of it. Many people fear filing bankruptcy, thinking their lives are over if they do. They think they never can get another loan, never will be able to buy a car or a house and fear society will shun them. None of this has to be true.  On the contrary, bankruptcy can give you a fresh start and the freedom to move forward, turning your financial life completely around. I recently heard a story from a business associate. He…

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Life Happened to Me

This is my first blog post ever. This post is not going to be particularly substantive. I wanted this to be more of an introduction and an explanation of why I started it and what I intend it to be about. What does the title mean? Well, recently there have been lots of discussion about cause and effect, especially relative to our economy and more particularly, people’s individual circumstances.  So many people right now have so much debt, and they can’t pay it, for one reason or another.  People are getting divorced, who never thought they would. Broadly speaking, people…

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