By Ryan C. Wood Yes, yes you can continue to make charitable contributions depending upon the amount donated.  There are all kinds of charities to donate to.  The charity also must be a valid tax-exempt entity.  Never forget you may also give the gift of life with blood donations.  Th

By Ryan C. Wood Yeah, good luck with that argument.  So do not even make the argument if you lose a decision.  If you want to be a martyr for every person that ever thought their judge in their case had it in for them be my guest.  For the rest of you out there do not m

By Ryan C. Wood First and foremost Shawn Pomrenke aka Mr. Gold did not file for personal bankruptcy protection.  Pomrenke Mining, LLC, a separate legal entity, filed a chapter 7 bankruptcy petition on March 19, 2019, Bankruptcy Case No. 19-00083. I like and watch the television show B

By Ryan C. Wood It seems like there is no scenario that is not possible for some reason that is unknown until it is unfortunately known.  So goes life.  Yes, just because you had an asset sold or liquidated for the benefit of your creditors in a Chapter 7 bankruptcy case doe

By Ryan C. Wood This is unfortunately a question that is coming up more and more these days.  Yes, you can file bankruptcy if you have a reverse mortgage.  I am not a fan of reverse mortgages.  First please know the terms of the reverse mortgage precisely before agreein

Marital settlement agreements trump a chapter 7 discharge of debts. You still have an obligation to former spouse. Chapter 13 can discharge obligations from marital settlement agreements.

By Ryan C. Wood Today, December 5, 2018, USA Gymnastics, Inc., a 501(c)(3) tax exempt organization, unfortunately filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code in the Southern District of Indiana; Bankr. Case No. 18-09108-RML-11. The filing of the Chapter 11

By Ryan C. Wood As a fan of the reality series American Chopper I recently heard that the series was being revived. I searched for when it would air and to my dismay I also read that Paul Teutul Sr. filed for bankruptcy under Chapter 13 of the Bankruptcy Code in New York. I have watch

By Ryan C. Wood This is a common question when an owner of a strip-mall or large real property owner seeks bankruptcy protection under the Bankruptcy Code. There could be many unexpired lease agreements that must be dealt with in the bankruptcy case. What happens depends upon whether

By Ryan C. Wood Filing for bankruptcy is not nearly as bad financially as the media and banks want you to believe. The mass media has done all of us a disservice with the information they report and how they now gather that information. In 2005 there was a major change to the Bankrupt