Does Foreclosure Hurt Your Security Clearance?
Between four and five million Americans have security clearances, but recent data suggest that security-cleared employees are less in demand as they used to be. Still, jobs requiring security clearances continue to command higher compensation and remain very highly sought-after in the Washington, D.C. area. Many factors affect the approval or recertification of a security clearance. […]
How Bankruptcy Promotes Entrepreneurship
Starting a business takes moxy, guts. Business owners can offset the risk of failure with feasibility planning and hard work. But many businesses fail, and our economy must not doom entrepreneurs to complete ruin. The truth is that failure is an inexorable characteristic of business. In a way, the availability of bankruptcy promotes entrepreneurship. Only one in […]
The Adversary Proceeding: Litigation in Bankruptcy Court
An adversary proceeding is a lawsuit filed within a bankruptcy case. Creditors, bankruptcy trustees, and other interested parties can file adversary proceedings in a bankruptcy, as can the bankruptcy filer. Bankruptcy offers both debtors and creditors finality in the adjudication of debts. An adversary proceeding is litigation in bankruptcy court to resolve the obligations of […]
Washington DC Foreclosure Notice Requirements
Washington, D.C. is a judicial foreclosure jurisdiction. In judicial proceedings, the defendant must be given specific notices at every step of the foreclosure process. You have rights if you are facing foreclosure in Washington, D.C., but you must act to preserve them. Below I describe each of the Washington DC foreclosure notice requirements in detail. […]
How Do Student Loans Affect Taxes?
Student loans affect taxes in ways very different from other long-term debt obligations. Taxes are an inevitability, as noticed by one of our founders. Our new Constitution . . . promises permanency; but in this world nothing can be said to be certain, except death and taxes. Benjamin Franklin, 1789 For many Americans, another inevitability […]
Use Your Tax Refund to File Bankruptcy
Attorneys fees used toward bankruptcy are exempt from distribution. In most cases, your entire tax refund can be protected in bankruptcy. But if you are considering filing for bankruptcy, you should also consider how much it will cost to file. If you are ready to start rebuilding your credit and need a fresh start, you […]