In previous posts, we have been discussing some of the rights debtors have under bankruptcy law, such as the ability to choose when to file and the protection from having to pay creditors after debts have been discharged fair and square. Here, we talk about yet another way in which bankruptcy law seems to favor the debtor, this time in regard to the way in which Inherited IRAs are protected in bankruptcy (in a way similar to how normal IRAs are protected).
Filed under Bankruptcy legislation, Consumer Protection by
In our last post, we discussed the right of debtors to choose when to file bankruptcy and a court case which helped confirm these rights. In this post, we discuss yet another recent court ruling which seems to favor the debtor. In this case, the ruling provides bankruptcy filers more protection from creditors.
More on Student Loan Interest Held Dischargeable by Supreme Court
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Gift cards have become a common and convenient way for busy shoppers to remember friends and loved ones, while avoiding the hassle associated with fighting mall traffic and trying to guess what your recipient wants. Gift cards are convenient, but a staggering number of gift cards go unspent, with the balances reverting back to the retailers and banks who issued the cards. Last year, Best Buy cleared $38 million and Home Depot cleared $37 million – all from unused gift card dollars.
More on New Rules for Gift Cards…That Don't Go Into Effect Until August, 2010
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