With the current state of the farm economy in Nebraska, many family farmers are considering their options for dealing with overwhelming debt. In many situations, the farmer owes one bank who in turn has a lien or security interest in all of the farmer’s assets (land, equipment, machinery, fertilizer, etc.). Failure to pay short-term or…

A chapter 13 bankruptcy, which involves a 3-5 year repayment plan, is almost always a better option for the financially distressed than the current status quo. I use the analogy of the ever-growing gobstopper. Without filing bankruptcy, you pay your monthly minimum payments on your credit cards. Because you’ve made those payments, you end up…

“I can just give my truck to my brother, right?” Many clients and prospective clients have asked me some variation of this question. The quick answer is an outright “no” because doing so may be a fraudulent transfer. Under Nebraska State Law, a person cannot simply transfer an asset without receiving reasonably equivalent value in…

Divorce and debt typically go hand-in-hand. The interplay of bankruptcy and domestic support obligations can be complex. What follows is a brief overview of the impact a bankruptcy has on you if you are the person paying the obligation or the person receiving the support payment. Person Paying Child Support/Alimony Files Bankruptcy In Nebraska, you…

  When faced with the prospect of bankruptcy, you want reassurance, knowing what will happen with your property. In an overwhelming majority of Chapter 7 bankruptcies, the person filing retains all property, including tools of trade, jewelry, and household goods. In Nebraska, there are laws called exemptions that you can use to protect your property…

    When faced with the prospect of bankruptcy, you want reassurance, knowing what will happen with your property. In an overwhelming majority of Chapter 7 bankruptcies, the person filing retains all of his or her property, including bank accounts, tax refunds, and retirement accounts. In Nebraska, there are laws called exemptions that you can…

  When faced with the prospect of bankruptcy, you want reassurance, knowing what will happen with your property. In an overwhelming majority of Chapter 7 bankruptcies, the person filing retains all of his or her property, including house and vehicle. In Nebraska, there are laws called exemptions that you can use to protect your real…

In Nebraska, most home foreclosures start with the mortgage company filing a Notice of Default with the Register of Deeds in the county where the home is located. The homeowner then receives the Notice of Default by certified mail. Thirty (30) days after mortgage company files the Notice of Default, it will, through its attorney,…

Filing for bankruptcy does not have to be stressful. Hiring an experienced bankruptcy attorney can ensure that your path towards a fresh start is a smooth one. Getting Started The first step is to schedule a free initial consultation with one of our experienced bankruptcy attorneys. During the consultation, the attorney will listen to your…

We are all guilty of it. You go to Target for that one pack of batteries. Next thing you know, you’re at self-checkout, the total incrementally increasing as you scan each item and place it in the bag. Before you know it, you’ve spent $30. Some days it is $15. Other days it is $50….