Debtors Have Right to Convert Non-Exempt Assets into Exempt Assets before filing
MAXIMIZING THE BENEFIT OF A DEBTOR’S EXEMPTIONS
Generally speaking it is neither illegal nor improper to arrange or rearrange a debtor’s financial affairs to maximize the benefit of a debtor’s exemptions. As explained by one court:
It is well established that under the Code the conversion ...
Read More posted by: on: Oct 26, 2009 @ 03:27
Wages Protected from Ganishment Increased this July
The federal Consumer Credit Protection Act wage garnishment provisions exempt a portion of a consumer's earning from garnishment, the amount being tied to the federal minimum wage. In July, the minimum wage increased to $7.25 per hour, so that the amount of an employee's disposable earning totally e...
Read More posted by: on: Oct 06, 2009 @ 09:32
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