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Protecting Assets and the Risk of Voidable and Fraudulent Transfers

If bankruptcy or getting sued is a possibility, it is natural to worry about protecting your assets. A mistake made by some is moving assets out of their name to put it beyond the reach of a plaintiff or creditor. This includes: -Gifting assets to someone. -Changing title into someone[…..]

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Discharging a Willful and Malicious Debt in Bankruptcy

Bankruptcy is powerful. It permits you to discharge, i.e., get rid of, a lot of debts. In bankruptcy, we discharge credit card debt, old taxes, personal loans, car loans and leases, and the list goes on. The bankruptcy code also lists a series of debts you cannot discharge. One of[…..]

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Rising Health Insurance Costs and Bankruptcy

News just came out about the increase in 2017 health insurance rates from the state exchanges under the Affordable Care Act, more popularly known as Obama Care. Medical insurance rates made the news because the average premium is increasing by 22% from the 39 states reporting their new rates. While[…..]

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Discharging Sales Tax in California

As a business owner, you sometimes have to pay sales tax to the state for products and certain services you sell. If you do not pay the California Board of Equalization (“BOE”) the sales tax, are you responsible as the business owner? If you are responsible, can you discharge the[…..]

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Can I get rid of Social Security disability (SSDI) overpayments in bankruptcy?

If you received social security disability (SSDI) overpayments, you may be able to get rid of them, that is, discharge them in Chapter 7 or Chapter 13 bankruptcy. Sometimes the Social Security Administration sends payments that you are not supposed to receive. The error can be on its part, or[…..]

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