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While most major airlines are seeing record profits, the success does not seem to be trickling down to the smaller carriers. On Thursday, Republic Airways Holdings filed for Chapter 11 Bankruptcy protection. As is usually the case, there are several reasons behind the filing.

Almost all bankruptcies that are filed are voluntary bankruptcies.  That is, the debtor decides to file for bankruptcy on behalf of him or herself.  In addition to a voluntary bankruptcy, the law also allows for creditors to file an involuntary bankruptcy.  An involuntary bankruptcy is one filed by someone other than the debtor.

This is a sad story.  The Veteran who languished on a VA list for a long time has, unfortunately, passed away.

Recently, a Houston resident made national headlines for his claim of being arrested over a $1,500.00 student loan debt that he incurred in 1987.  Several media outlets reported that the U.S. Federal Marshals came to his home in full combat gear.

If you are faced with the prospect of reinstating your mortgage, this means that you have become far enough behind in monthly mortgage payments to warrant a referral by your mortgage company to an attorney to initiate foreclosure proceedings on your home.

It’s been a rough couple of weeks for the rap / hip hop community. First we found out that rapper Kanye West is nearly 53 million dollars in debt and even reached out to Facebook billionaire Mark Zuckerberg for help with his finances.

It’s not uncommon for me to consult with a person who, while experiencing financial problems, has a personal injury claim as well. Maybe it’s an injury from an auto collision, an on-the-job injury, or injuries from the use of a defective product or drug.

Irony has a funny way of rearing its head. One of Kanye West’s most successful songs is called “Gold Digger”. The song details the lives of people that use other people just for their money. In a strange twist of fate, Kanye West now seems to be doing the very thing his song criticizes. News reports from this past weekend state that Kanye West owes nearly $53,000,000.00.

Speed week is underway in Daytona Florida this week and will culminate with the 58th running of the Daytona 500 NASCAR stock car race. The Daytona 500 is one of the preeminent stock car races on the NASCAR race schedule and arguably the most famous. How are the Daytona 500 and a bankruptcy case related?

On the means test, only a small portion of your children’s tuition can be deducted from your income.  Congress currently allows $156.25 per child as a deduction on the means test.  Specifically, Bankruptcy Code § 707(b)(2)(A)(ii)(IV) states: