Michael L. Detzky Bankruptcy Law Blog

It never ceases to amaze me that people are getting, and more incredibly, relying upon erroneous information about bankruptcy from people who have absolutely no business to be giving that information in the first place. You Never would accept medical advice from your auto mechanic or find out which is the best wine to pair with your meal from your florist, so why do people persist in getting the facts about bankruptcy from the wrong sources?  The fact is that most people in financial... Read More

My clients are often concerned that Employers or governmental agencies can discriminate against persons who file bankruptcy.

They shouldn't be.  It is illegal for either private or governmental employers to discriminate against a person as to employment because that person has filed under Chaper 7. It is also illegal for local, state or federal govenmental units to discriminate against a person as to the granting of licenses (including driver's license), permits,student... Read More

By far the most prevalent myth concerning bankruptcy is that if you file a bankruptcy petition you will incur an automatic prohibition from obtaining new credit for a certain number of months or years after the case has been concluded. This is entirely false and stems from a misunderstanding of the fact that a bankruptcy filing, like all other negative credit information, will remain on your credit profile for ten years. The truth is that there is absolutely nothing in the Federal... Read More

On October 20th, 2008, President Bush signed into law the "National Guard and Reservists Debt Relief Act of 2008," P.L. 110-438. This legislation makes debt relief under Chapter 7 of the Federal Bankruptcy Code more readily available to members of the Armed Forces Reserves or National Guard who have been mobilized to active duty for a period of more than 90 days since September 11th, 2001 by waiving the dreaded "Means test" calculation.

The "Means... Read More