Our modern bankruptcy law has a long history dating back to the Mosaic Law under which debts owed by members of the Jewish community were forgiven every seven years, a year known as the Sabbatical Year.  The seventh Sabbatical Year was followed by the Year of Jubilee, whereby all debts were mandated to be forgiven…

When filing for bankruptcy protection, you are required by Federal law to list all your property, regardless of whether you owe anything on that property.  Many people think that if they list property in their bankruptcy case, they will lose it, so they avoid filing for bankruptcy protection.  Bankruptcy exemptions are designed to protect your…

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