Category Archives: Bankruptcy Basics

Are Student Loans Creating a Hardship?

Many people assume that student  loan debt is not dischargeable in bankruptcy.  Although this is true in many people’s bankruptcy cases, there are situations in which student loan debt may be discharged.  The Bankruptcy Code specifically states that unless excepting student loan debt which was made, insured, or guaranteed by a governmental unit or made […]

Bankruptcy May Save Your Twinkies

Hostess filed bankruptcy in January of 2012 and by November of 2012, it announced it would be closing its doors for good because it no longer had cash for operation.  However, in March of 2013, Apollo Global Management, LLC and Metropoulos & Co. paid $410 Million for Hostess, including all rights to its products.  The […]

The Bankruptcy Estate

The Bankruptcy Estate is a very broad classification of “all legal or equitable interests of the debtor in property as of the commencement of the case”  11 U.S.C. 541(a)(1).  This means that property that is your own property either legally or property that you could have rights to under rules of equity is included in […]