Blog

• posted: Jan. 23, 2013
• Michael O'Leary
• Bankruptcy
• Chapter 7 liquidation IRA,  Chapter 7 Trustee liquidation IRA,  exempt individual retirement account,  exempt IRA,  individual retirement account,  individual retirement account exempt,  IRA,  IRA exempt,  IRA exemption,  Trustee liquidation IRA

Your IRA Might Not Be Exempt Beginning with In re Daley, 459 BR 270 (Bkcy. EDTenn., 2011), some recent bankruptcy decisions have created doubt as to whether Individual Retirement Accounts (“IRA’s) Read More

• posted: Dec. 18, 2012
• Michael O'Leary
• Bankruptcy
• automatic stay,  automatic stay bankruptcy,  automatic stay previous bankruptcy,  automatic stay prior bankruptcy,  bankruptcy automatic stay,  extend automatic stay,  impose automatic stay,  repeat bankruptcy filer,  repeat bankruptcy filing,  repeat Chapter 13 bankruptcy filer,  repeat chapter 13 bankruptcy filing,  serial bankruptcy filer,  serial bankruptcy filing,  serial Chapter 13 bankruptcy filer,  serial filer,  serial filing,  serial filing chapter 13 bankruptcy,  terminated automatic stay

The Automatic Stay afforded to repeat (or serial) Chapter 13 filers has long been a thorn in the side of the mortgage industry, as each successive Chapter 13 filing resurrects Read More

• posted: Sep. 25, 2012
• Michael O'Leary
• Bankruptcy
• credit reports,  mortgage payments,  Reaffirmation Agreement

Under New York bankruptcy law (In re Boodrow) a debtor does not have to sign a Reaffirmation Agreement for a mortgage on real estate. This is a good thing (especially Read More

• posted: Aug. 30, 2012
• Michael O'Leary
• Bankruptcy
• bankruptcy,  tax debt,  taxes,  two year rule

It is clear that a tax debt is not dischargeable in bankruptcy if a return for the year in question is not filed. See 11 USC § 523 (a)(1)(B)(i). However, Read More