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 [...]

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 [...]

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 [...]

Welcome to the blog of Omaha, Nebraska bankruptcy attorney Burke Smith. Burke will be using this forum to discuss issues related to bankruptcy, personal finances, and consumer protection. If you wish to see a particular topic discussed on this site then please feel free to contact us online. […]