1. The Importance of Tracking Your Expenses

    Part of our Bankruptcy Tuesday series So you’ve decided to give budgeting a try. Good for you! How do you go about doing so? The easiest way to start is to download one of the many available apps, such as Mint, Pocketguard, YNAB (You Need A Budget), Mvelopes, and Goodbudget. Some of these are free…Read More

  2. Are You Living Paycheck to Paycheck?

    Part of our Bankruptcy Tuesday series We’re talking this month about budgeting. Why, you might ask, would I want to go to the trouble of making up a budget? Too many of us just pay our bills. We simply pull out a credit or debit card when we need to pay for something and never really think about w…Read More

  3. Who Needs Budget Planning Anyway?

    Part of our Bankruptcy Tuesday series Welcome to March! This month I’d like to talk about budgeting. It’s a topic that many people talk about, but few actually practice. Budgeting is important whether you’re thinking about filing bankruptcy (or trying to avoid doing so), you’re in a bankrupt…Read More

  4. Your Tax Return Questions Answered

    Part of our Bankruptcy Tuesday series This month we’ve been talking about tax returns, when you’re going to have to supply a copy to the trustee, and how the return might be helpful to the trustee. This week I’d like to wrap up the subject of tax returns with a few quick observations. What wou…Read More

  5. Filing Taxes Under Chapter 13

    Part of our Bankruptcy Tuesday series The bankruptcy topic this month is tax returns. This week, we’re going to talk specifically about Chapter 13 debtors. In Chapter 13, in addition to supplying the Chapter 13 trustee with tax returns for the two most recent tax years prior to filing, a debtor is…Read More

  6. Bankruptcy Tuesdays

    Last month we talked about tax refunds, when you might have to pay any tax refunds you receive to the trustee, and when you would not have to. This month we’re going to discuss a different aspect of taxes; specifically tax returns that you will have to provide to the trustee. When you file a bankr…Read More

  7. Bankruptcy Tuesdays

    For the previous three weeks, we have been talking about tax refunds, how you could be required to pay those refunds to the bankruptcy trustee, and possible ways to avoid having to pay. One of the options was to delay filing your bankruptcy case until you receive your refund. However, if you do elec…Read More

  8. Bankruptcy Tuesdays

    This month we’ve been discussing tax refunds and how that may impact your bankruptcy case. Generally, refunds due to you are assets of the bankruptcy estate, and may be claimed by the bankruptcy trustee. Last week we discussed an exception to that rule, where the tax refund is due to the earned in…Read More

  9. Bankruptcy Tuesdays

    Last week we introduced the concept that tax refunds that you may be entitled to from the IRS or the State of Maine may be among property that your bankruptcy trustee may take. This is not always the case. Maine exemptions (property which can be preserved in bankruptcy) include a right to receive th…Read More

  10. Bankruptcy Tuesdays

    As this is the beginning of a new year, keep in mind that among assets of a bankruptcy debtor are tax refunds that may be due from the previous year. As this month goes on, we will break this down in more detail, but for now remember the timing of when you file a bankruptcy petition is important in …Read More