Amending Schedule C To Claim “Wild Card” Exemption
I recently read a case in which a West Palm Beach bankruptcy judge answered the question of whether Chapter 7 debtors, who initially claimed their homestead as exempt, may amend their Schedule C (schedule of exempt property) after the initial objection deadline (30 days after the conclusion of the meeting of creditors) to delete the [...]
Common Causes of Individual Bankruptcy
We are often asked what causes someone to file personal bankruptcy. I came across a study on the internet which listed the top 10 reasons an individual files bankruptcy in the United States. 1. Medical expenses. The study indicated that 78% of those individuals who filed for this reason had health insurance. 2. Unemployed. An [...]
