HOW SOCIAL MEDIA CAN AFFECT YOUR BANKRUPTCY?

In today's world, social media is taking over.  People are constantly posting information and pictures about themselves on Facebook, Twitter, etc.  However, if you are planning on filing for bankruptcy, this can pose a potential problem.  Creditors in a bankruptcy case have one interest, and that is attempting to recover any and all money owed to them by the debtor.  Increasingly, creditors are using pictures and information posted by debtors against them, such as a picture of a new car, or a posting on Twitter about a gambling or golfing trip.  Creditors are then presenting this information to bankruptcy trustees to investigate whether the debtor has additional funds to distribute among the creditors.  If you are considering filing bankruptcy, be careful what information you distribute to the general public because it could come back to hurt you.

http://www.westmontattorneys.com/Bankruptcy/

IS MY TAX REFUND INVOLVED IN MY BANKRUPTCY CASE?

Because it is that time of year, we get a lot of questions from our bankruptcy clients regarding their tax refund.  Generally, a tax refund will be included in a bankruptcy case, however, it is rarely seized by the trustee.  Unless you are expecting a large refund in excess of $10,000 or you have very little left of your "wildcard" exemption, our clients will almost always have their refund protected.  However, the bankruptcy statute does allow the trustee to utilize that money to pay back creditors if it is not protected by the debtor.

http://www.westmontattorneys.com/Bankruptcy?