Law Office of James L. Keenan
Help when you need it
Personal service since 1995
You are not alone filing bankruptcy. As this US Magazine story portrays, even celebrities file for bankruptcy. Even celebrities who earn millions file for bankruptcy. Why? The answer is simple. Debt beyond the ability to repay is a recipe for bankruptcy. This is true
Why file for bankruptcy? Debt elimination though bankruptcy is the purpose for filing bankruptcy. It is also the basis of the bankruptcy discharge. A bankruptcy discharge is a court order canceling, or eliminating your debts. It’s that simple. The order is issued
Bankruptcy debt relief is the purpose of filing for bankruptcy. There are many means of seeking debt relief through a bankruptcy filing. The two most common forms of consumer bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both provide debt relief. Chapter 7
Can you keep your home in bankruptcy? It is a common question posed by potential bankruptcy clients. And the common answer to this question is yes. You can keep your home in bankruptcy.
Bankruptcy laws allow you to protect, or exempt, your property when you file for
Credit card debt elimination in bankruptcy is one of the most common causes of bankruptcy filing. Consumer debt has increased dramatically in the past few years. The level of credit card debt is now near it‘s pre-recession level. And that’s a lot. This
Over the next few weeks and posts, I will expose some of the major bankruptcy myths out there. The first, and often the most common, is that bankruptcy is a financially irresponsible move. Or that it is financially irresponsible to incur more debt than
You are not alone if you are considering filing for bankruptcy. Donald Trump has filed bankruptcy on behalf of his businesses four times. While Donald Trump has never filed for personal bankruptcy, he has sought debt relief for several of his business interests. But, as Trump
What is the bankruptcy means test meaning? What even is the bankruptcy means test? Many considering bankruptcy and other debt relief options want to know. Stated simply, the bankruptcy means test is a financial evaluation of whether you qualify for certain bankruptcy
Payday loans in bankruptcy are a common connection. If you don’t make good on that $300 post-dated check you gave to the local payday loan place for $250 cash, you are in for it financially. Interest rates nearing 500% kick in when your check doesn’t clear. And the amounts
Donald Trump’s take on debt and bankruptcy is pragmatic. Limit debt accumulation but, if you can’t, consider bankruptcy to eliminate it. This New York Post article reflects the Republican’s debt philosophy.
Bankruptcy is a tool according to Trump. He’s right
Title loans in bankruptcy are a common connection. And for good reason. Title loans, commonly called pink slip loans, cost. They cost a lot! Title loan interest rates can reach nearly 400%.
Title loans use the equity in your vehicle as collateral for a loan. You do not have
Bankruptcy discharge of credit card debt is one one the most common consumer causes of bankruptcy filings. If your credit card debt is more than you can repay, bankruptcy my be a solution. The main premise of filing bankruptcy is coping with debt you are
Debt, income and bankruptcy are financial factors that dictate the consumer economy. Debt-to-income ratio is the starting point for evaluating consumer credit. The higher your income, the better your credit. The more debt you have, the worse your credit. Or at least that
Bankruptcy and wage garnishments are a natural duo. Though they do the opposite, they are often paired together. If you wages are being garnished, your only option often times is bankruptcy. If, that is, you intend to stop the garnishment.
A wage garnishment is a
According to Wikipedia, the Ides of March marks the date Julius Cesar was slain by his own. The assassination marked the end end of one Roman empire and the beginning of another.
The term ides of March means, literally, only the 15th of March. But the meaning of the term signifies much
One of the most basic tenets of bankruptcy: don’t lie! It’s not a complicated concept but it is is not always followed. Bankruptcy affords filers a broad range of benefits. Chief among them is the ability to eliminate your debt. Since this is debt that cannot be afforded
Bankruptcy can discharge overpayment of unemployment and Social Security benefits. Like any other unsecured debt, such benefit overpayments are legally binding. But as with most other legally binding debts, bankruptcy can
Bankruptcy bang for the buck is another way of saying whether filing bankruptcy will benefit you financially. In other words, will the savings of a bankruptcy outweigh the cost of filing for bankruptcy?
With the average consumer bankruptcy, credit card debt alone exceeds
Can you discharge student loans in bankruptcy? Maybe soon you can. Eliminating student loans though bankruptcy is not normally allowed under the current bankruptcy code. Though student loan debt is unsecured, like credit card debt and medical bills, it is not treated the
Bankruptcy affords you protection from your creditors and the elimination (or reduction) of your debt. But along with the benefits, bankruptcy comes with restrictions and responsibilities. One limitation is the amount of property you can protect in a bankruptcy. As discussed
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My office remains open during the pandemic. Remote consultations and personal (socially-distanced) meetings are available. I am able to meet in person, over the phone, FaceTime, Zoom or any other remote application