Congress Extends the Income Exclusion for 1099...
Congress Extends the Income Exclusion for 1099 ‘Forgiven’ Mortgage Debt to Tax Years 2015 and 2016 For a more detailed discussion on tax...
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Lynn Wartchow
- Dec 4, 2014
- 3 min
The Student Loan “Debt Bomb”: With Student Loan Debt Out of Control, What Can Bankruptcy (and Congre
A new financial catastrophe is facing Americans, and it’s quickly becoming America’s latest and greatest “debt bomb”. According to the...
Lynn Wartchow
- Nov 3, 2014
- 6 min
The Absolute Priority Rule Applies in Individual Chapter 11 Cases in Minnesota and the 8th Circuit.
For more detailed discussion on chapter 11 procedure, common issues and more, be sure to read Wartchow Law’s Chapter 11 Blog. November...
Lynn Wartchow
- Oct 19, 2014
- 2 min
2014 Minnesota Median Income (effective for bankruptcy cases commenced on/after November 1, 2014...
2014 Minnesota Median Income (effective for bankruptcy cases commenced on/after November 1, 2014 and through April 2015) For the...
Lynn Wartchow
- Sep 18, 2014
- 2 min
2015 Chapter 13 Debt Limits for Bankruptcies filed through April 2016
Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The chapter 13 debt limits for all...
Lynn Wartchow
- Sep 15, 2014
- 3 min
My Bank Account was Levied—What Now?...
My Bank Account was Levied—What Now? How to Stop Bank Levies and Have Levied Funds Returned to You by Filing for Bankruptcy Protection....
Lynn Wartchow
- Aug 27, 2014
- 3 min
Defaulted SBA Loans:
How SBA Loans Differ from other Forms of Credit when it comes to Collection, Personal Guarantees and Discharging SBA Loans in Bankruptcy...
Lynn Wartchow
- Jul 17, 2014
- 3 min
More on Divorce and Bankruptcy...
More on Divorce and Bankruptcy: How do Child Support, Spousal Support (Alimony / Maintenance) and Property Settlements Impact either...
Lynn Wartchow
- Jul 10, 2014
- 4 min
What are the Options for a Home Mortgage in Bankruptcy...
What are the Options for a Home Mortgage in Bankruptcy: Can I Strip a Second Mortgage in Bankruptcy or Chapter 13? The answer is that it...
Lynn Wartchow
- Jun 30, 2014
- 1 min
What are the Federal Bankruptcy Exemptions in Minnesota and Which Assets are Protected?
When filing either chapter 7 or chapter 13 bankruptcy, each individual debtor is allowed to exempt a limited amount of equity in real...
Lynn Wartchow
- Jun 9, 2014
- 2 min
Bankruptcy Options if You Are Behind on Condo / Townhome Assessments
Behind on your monthly HOAs, late fees or special assessments owed to your homeowner’s association? Under Minnesota statute, most...
Lynn Wartchow
- May 20, 2014
- 2 min
Converting from Chapter 13 to Chapter 7: What’s Involved and Why Would You Convert?
Life inevitably changes and things happen that may cause a chapter 13 debtor to no longer need or afford their original chapter 13 plan....
Lynn Wartchow
- May 5, 2014
- 5 min
Restaurant & Bar Chapter 11s: Top 15 Signs that Your Restaurant May Benefit from Filing a Chapt
The top 15 common factors that may indicate a chapter 11 bankruptcy filing can help your business stay operational despite debt and other...
Lynn Wartchow
- Mar 27, 2014
- 2 min
2014 Median Income in Minnesota (effective April 1, 2014)
Median income is a critical measure in bankruptcy upon which the ‘Means Test’ calculation is largely based to determine whether a debtor...
Lynn Wartchow
- Feb 28, 2014
- 2 min
File Bankruptcy to Protect Your Wages and Other Earnings from Garnishment
From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...
Lynn Wartchow
- Feb 11, 2014
- 5 min
Commercial Leases and Chapter 11 Reorganization: The Requirements and Timelines under the Bankruptcy
Problems with commercial leases of real property are one of most common precursors to a Chapter 11 Business Reorganization bankruptcy...
Lynn Wartchow
- Feb 7, 2014
- 3 min
Received a 1099-Misc on Cancelled Debt? You May Qualify for Exclusion from Taxes if You Were Insolve
Generally, when a debt is owed and at least $600 of the debt is canceled, forgiven or settled for less than the full amount owed, this...
Lynn Wartchow
- Jan 22, 2014
- 4 min
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners...
How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners who are in Default on their Mortgage or in...
Lynn Wartchow
- Jan 9, 2014
- 3 min
Typical Questions Asked at the Chapter 7 Meeting of Creditors
The Meeting of Creditors is typically the only mandatory appearance most debtors will have to make in their bankruptcy proceeding. While...
Lynn Wartchow
- Nov 26, 2013
- 2 min
Chapter 13 Debt Limits as of April 1, 2013 (also applies to 2014 bankruptcy filings)
Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The Bankruptcy Code section 109(e)...
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