Mechanic’s and Artisan’s Liens in Bankruptcy
What are Mechanic’s and Artisan’s Liens? A Mechanic’s or Artisan’s lien is a legal tool available to those in the construction or car repair industry to ensure payment for their work or supplies. A Mechanic’s lien is typically used by contractors, builders, electricians, plumbers, roofers or landscapers when they have not received payment for home improvements […]
Student Loan Debt Relief Update
The Biden Administration and the Department of Education recently announced a three-part plan to help federal student loan borrowers. Borrowers are eligible for relief if their individual income is less than $125,000 or $250,000 for households. The Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held […]
In re Kreutzer
What are the conditions for a statute of limitations to apply to a claim on a government loan on a residence? In Kansas the court examined this issue in In Re Kreutzer, 17-20987 (Doc. # 63) 04/14/2021. In this case the debtors successfully objected to the USDA’s $97,008.73 proof of claim asserting they no longer owed debt because the USDA did not seek to collect before […]
When do you need a bankruptcy?
Signs you may need to file bankruptcy. Many people spend years struggling to pay debts before they decide to file bankruptcy. Bankruptcy is what people think of as a last resort only after they have used up all their retirement and savings to pay off debt. While we understand people are hesitant to take this step, this article may provide some […]
Reaffirming Car Loans in Chapter 7
Chapter 7 bankruptcy makes the debtor (you) no longer liable for dischargeable debts. A Chapter 7 wipes out credit card, medical, utility, and even car loan debt. If you no longer want your vehicle, you can surrender the vehicle with no penalty, and the loan and any deficiency will be wiped out after bankruptcy. But what happens if you want to keep your car, but […]