Lessons From the Casey Anthony Bankruptcy

The Casey Anthony bankruptcy is a good illustration of the two immutable rules of bankruptcy: Everything can be monetized. If it can be monetized, the chapter 7 trustee will liquidate it. In case you’ve been living under a rock for the last couple of years, the Casey Anthony bankruptcy case is as follows.  Casey Anthony was accused of murdering her … Continue reading »

Chapter 7 Trustee

The chapter 7 trustee is a private party who is appointed by the US Trustee’s Office to oversee chapter 7 cases.  Most chapter 7 trustees are attorneys, but some are CPAs or people with backgrounds in business.  The chapter 7 trustee conducts the 341 meeting of creditors, reviews the petition for accuracy, collects and liquidates assets, makes the asset report … Continue reading »

Overturning, Revoking, or Denying A Bankruptcy Discharge

People want to know whether a bankruptcy can be overturned or revoked.  There are three ways that a bankruptcy can be overturned or revoked: 1) denial of discharge, 2) revocation of discharge, or 3) denial of dischargeability.  Each one is different. Denial of Discharge A bankruptcy discharge is denied through an adversary proceeding.  Denial of discharge is usually what people … Continue reading »

Bankruptcy And Your Security Clearance

When you have a security clearance, financial problems are even more stressful because you worry about your security clearance.  For most people, bankruptcy seems like an obvious solution to financial trouble.  If you have a security clearance, you worry about whether the bankruptcy will affect your security clearance.  Here’ what you need to know about your security clearance and bankruptcy. … Continue reading »