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About pf4726

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Budget & Savings

Re: Getting out of debt

Hello Richard-- A couple of comments to your detailed post about bankruptcy, and to make it clear, I'm reposting your note, with my comments underlined.  Hopefully, here goes:  There are six matters that I forgot to mention.  There are two types of b...
pf4726 10-03-2017 04:52 AM
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1
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Budget & Savings

Re: Getting out of debt

Hi, Richard--You're right that every state is different on one part of the law regarding bankruptcy, and that refers to exemptions (the stuff, including real estate, that you can keep).  The boring stuff: the federal exemptions are found at 11 U.S.C....
pf4726 10-03-2017 04:15 AM
0
Replies
1
Kudo
20464
Views

Budget & Savings

Re: Getting out of debt

I'm a lawyer who does bankruptcy cases in Massachusetts.  Bankruptcy is one way to get out of the debt, of course, but for many people in debt, their sources of income are "exempt from execution", meaning that, even if they are liable/responsible on ...
pf4726 10-02-2017 09:55 AM
1
Reply
9
Kudos
35888
Views

Budget & Savings

Re: Getting out of debt

Hello Richard-- A couple of comments to your detailed post about bankruptcy, and to make it clear, I'm reposting your note, with my comments underlined.  Hopefully, here goes:  There are six matters that I forgot to mention.  There are two types of b...
pf4726 10-03-2017 04:52 AM
0
Replies
1
Kudo
20462
Views

Budget & Savings

Re: Getting out of debt

Hi, Richard--You're right that every state is different on one part of the law regarding bankruptcy, and that refers to exemptions (the stuff, including real estate, that you can keep).  The boring stuff: the federal exemptions are found at 11 U.S.C....
pf4726 10-03-2017 04:15 AM
0
Replies
1
Kudo
20464
Views

Budget & Savings

Re: Getting out of debt

I'm a lawyer who does bankruptcy cases in Massachusetts.  Bankruptcy is one way to get out of the debt, of course, but for many people in debt, their sources of income are "exempt from execution", meaning that, even if they are liable/responsible on ...
pf4726 10-02-2017 09:55 AM
1
Reply
9
Kudos
35888
Views

Budget & Savings

Re: Getting out of debt

Hello Richard-- A couple of comments to your detailed post about bankruptcy, and to make it clear, I'm reposting your note, with my comments underlined.  Hopefully, here goes:  There are six matters that I forgot to mention.  There are two types of b...
pf4726 10-03-2017 04:52 AM
0
Replies
1
Kudo
20462
Views

Budget & Savings

Re: Getting out of debt

Hi, Richard--You're right that every state is different on one part of the law regarding bankruptcy, and that refers to exemptions (the stuff, including real estate, that you can keep).  The boring stuff: the federal exemptions are found at 11 U.S.C....
pf4726 10-03-2017 04:15 AM
0
Replies
1
Kudo
20464
Views

Budget & Savings

Re: Getting out of debt

I'm a lawyer who does bankruptcy cases in Massachusetts.  Bankruptcy is one way to get out of the debt, of course, but for many people in debt, their sources of income are "exempt from execution", meaning that, even if they are liable/responsible on ...
pf4726 10-02-2017 09:55 AM
1
Reply
9
Kudos
35888
Views
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