Monthly Archives: August 2020
Inherited IRAs and Bankruptcy
Retirement accounts are typically exempt from bankruptcy. This means that if you have money saved in a retirement account, such as a 401(k) account, a bankruptcy trustee can not utilize any of those monies in order to repay your debts. This is important to remember because your retirement accounts are essentially safe and secure… Read More »
History of Bankruptcy in America and Why it Matters
The theory as to the origin of the word bankruptcy is from the Latin words bancus (bench) and reptus (broken). It symbolized the banker who sat on a public bench. When the banker could lose all of his money and not have the ability to meet his obligations, his bench would be broken. Learn… Read More »
Bankruptcy Document Preparation Services
If you are facing overwhelming debt, and are struggling to pay the bills, you may be constantly receiving phone calls from creditors regarding debts that you owe. In the meantime, you may either be out of work, or realize that you simply do not have enough money at the end of the month to… Read More »
