By: Sydney C. Aase A statute of limitations bars a claim after a specific time period has passed. A plaintiff must bring a lawsuit before the statute of limitations period ends. If the plaintiff does not bring suit before the period ends, the defendant will be able to assert a defense based on the statute [...]
This is the second in a series of blogs discussing the creation of and enforcement of liens on personal property in Nebraska. A security interest is created by a written agreement between the owner of the collateral and the lender/secured party. Typically the borrower grants a security interest in the borrower’s property to secure the payment [...]
Perfecting security interests – Part 1: Creation of the Lien By: Trev E. Peterson There is a lack of information concerning the way in which lenders obtain liens against personal and real property. This series of blogs will discuss (1) terminology used in the lender – borrower relationship; (2) the creation of a lien in [...]
What is a Bankruptcy Discharge and What Does it Mean? By Trev E. Peterson What is a bankruptcy discharge and why do I care? The discharge order means that, with some exceptions noted below, an individual debtor[1] who has been discharged does not have to pay a pre-bankruptcy claim. The discharge order is the goal [...]
The Knudsen Law Firm's Managing Partner, Jeanelle Lust, is a contributing author for the Eighth Circuit Appellate Practice Manual. The manual is now available at a discount. Please see the details here.
I have received a number of calls regarding the filing of proofs of claim in the Liberty Mobility Now, Inc. bankruptcy case. Click here for a blank proof of claim form for the Liberty Mobility case. Please complete the form, attach copies of your invoices on the Liberty claim and mail the form (with the [...]
If you are considering bankruptcy, you may be concerned about being able to keep your car and home. The good news is that you will likely be able to keep your vehicle and home. Let’s start with home loans. If you have less than $60,000 of equity (calculated as home value – mortgage total) then [...]
The main goal of any bankruptcy case is getting a discharge of a large amount of debt. Getting a debt discharged means that the debtor is no longer obligated to repay the debt. Credit card debt and medical debt are generally dischargeable through bankruptcy. Taxes, alimony, child support, and student loan debts are typically not [...]
Bankruptcy Rule Changes: Secured Creditors Must File Claims New Deadline for Filing Proofs of Claim in Bankruptcy Cases By Trev E. Peterson Congress requires that I disclose that our firm is a “debt relief agency” under the Bankruptcy Code. We help people file for bankruptcy relief under the Bankruptcy Code. As with all articles on [...]