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We are all painfully familiar with the budget battles Congress wages regularly with the President, and most recently the resulting budget sequestration of 2013 that really put a number of government programs and employees in a bind.

Well, something similar is going on now with the Social Security disability program.

The Administrative Office of United States Courts reports that bankruptcy filings fell significantly in the past fiscal year that ended on June 30, 2015.  The Administrative Office reported that there were 879,736 bankruptcy filings nationally during that time period— 854,690 personal filings and 25,046 business-related.

 You probably know that in a Chapter 13 bankruptcy, you as a debtor propose a plan to set out how creditors will be paid over a minimum of three years to a maximum of five years.  The plan sets out specified monthly payments the secured (examples are cars, house or furniture) or priority (examples are taxes or child support arrears) creditors will be paid over the life of the plan and how much unsecured (credit cards, medical or signature loans) creditors will be paid as well.  All creditors are mailed a cop

After a jury in New York City found 50 Cent, aka Curtis Jackson III, liable to the tune of $5 million dollars for his involvement in the dissemination of a sex tape, the rapper has filed for protection under Chapter 11 in Connecticut.

In a recent post, I wrote about two of the main benefits a bankruptcy case can provide. One of those benefits was the “automatic stay” that provides protection from your creditors. Let’s take a closer look at the “automatic stay” and how it helps you.

A client I met with today was behind 2 months on his car payments and very concerned about the finance company repossessing his car that is his only source of transportation. He also owed a few medical bills, child support, and credit cards.

Quite often I reassure clients that come to our office to meet with an attorney regarding financial issues:

"I have NEVER had anyone sit down in my office and say, 'Wow! I am so glad to finally be here because about five years ago I woke up one morning and thought-wouldn't it be great to be filing for bankruptcy in a few years!'"

I remember only seeing one A&P store in the South. This was 30 or 40 years ago when the Great Atlantic & Pacific Tea Company, more widely known as A&P, who helped pioneer the modern day supermarket, was dominating the industry. Most of their locations now remain in New York.

There but for the grace of God go I. We have all heard these words.  It is believed that they come from a sixteenth-century statement by John Bradford who stated "There but for the grace of God, goes John Bradford".