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How to Use Your Stimulus Checks Wisely When Filing for Bankruptcy

If you’re filing for bankruptcy, a new round of stimulus checks may provide relief. Soon, many Omaha residents will receive sorely needed stimulus relief funds. Across the United States, many people have lost their jobs because of the pandemic. Along with those jobs, they’ve lost their incomes. In this way, COVID 19 is placing many [...]

How Often Can You File for Bankruptcy?

If you filed bankruptcy in the past, how soon before you can file again? And how often can you file for bankruptcy and receive a discharge? While you can file bankruptcy as many times as you want, waiting periods will depend on what type of bankruptcy you filed previously, the timing of it, and how [...]

Can You File Bankruptcy on Student Loans?

To get back on the path to financial relief, can you file bankruptcy on student loans? The answer is straightforward, but the process is not. This post will explore what you need to know as you consider your bankruptcy options. If you are having financial difficulty, the Omaha bankruptcy attorneys at Burke Smith Law can help you. Contact us today [...]

Can Bankruptcy Stop Foreclosure?

If you are behind on your mortgage payments, you may be considering filing for bankruptcy. But can bankruptcy stop foreclosure? The answer is yes. In most cases, you can avoid or delay the bank’s foreclosure of your home by filing for bankruptcy. The Omaha bankruptcy attorneys at Burke Smith Law can help you protect your home. Contact us today [...]

Am I Responsible for My Spouse’s Debt?

At some point, your circumstances may leave you wondering, "Am I responsible for my spouse's debt?" In Nebraska, you're usually not responsible for debts that your spouse incurs, either during or before marriage. You especially don't have to worry about debts they incurred before you married them. But (and there is always a but), there's one arcane legal theory [...]

Filing Bankruptcy While Married: Can I File Bankruptcy Without My Spouse?

If you're planning to file bankruptcy, you may be wondering whether filing bankruptcy while married is a good idea. There are certain benefits to doing so jointly that will help you keep more of your property and dispense with more of your debt. But at the same time, the bankruptcy may negatively impact your spouse [...]

Do I Get to Keep My Nebraska Tax Refund in Bankruptcy?

Each year, right around April, Nebraska residents wonder how their Chapter 7 bankruptcy will affect their tax refund. Do you get to keep it, or does it go directly to your creditors? The fact is that each year those who file taxes and simultaneously have a Chapter 7 bankruptcy pending lose their tax return to [...]

Can Debts Be Too Old to Collect? Nebraska Statute of Limitations on Debt

The Nebraska statute of limitations on debt defines the window during which a creditor may sue a debtor to recover a debt. In Nebraska, the statute of limitations on debt is 5 years from the last payment made. That means that creditors cannot sue you after that 5-year statute of limitations has run out. If the agreement [...]

How to Protect Your Bank Account From Garnishment

If you’re wondering how to protect your bank account, chances are a decision has made against you by a creditor. If a creditor obtains a judgment against you, they can garnish your bank account. That means they have obtained the right to dip into your savings and retrieve any money that’s owed them. It’s possible [...]

Chapter 7 vs Chapter 13: What’s the Difference?

If you're dealing with mountains and debt, you likely have many questions about what you should do and how to deal with your financial troubles. Filing bankruptcy can provide the relief you need. But what's the difference between Chapter 7 vs Chapter 13? Which should you file, and what are the pros and cons of [...]

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