Bankruptcy is Just Filling Out Some Forms, Right?

Law Firm News

Nothing could be further from the truth! My job as a Bankruptcy Attorney is to help clients understand the process, and how to navigate all of the complexities of Bankruptcy Law. My job is also to educate the public about common misconceptions of the Bankruptcy Process, and how it works. You may think, well, if the client is broke, how can they afford to hire a lawyer? That is a legitimate question. But, in reality, if you are having financial troubles, as a business owner, or as a consumer, you can’t afford NOT to hire an attorney. Many people might do a google search “how to file Bankruptcy”, and get some results, and with a bit of hunting, find some forms to fill out. What are the forms exactly? When a person or business files for Bankruptcy Protection, they are required to file a “Petition for Bankruptcy Relief”. They are literally asking the Court for Relief from their Creditors (companies they owe). Even if you think your case is simple, what you don’t know can hurt you. When you Petition the Court for Relief, you are required to tell the Court in the Forms all about your financial life. The Petition asks you to list everything in the world that they own (Yes, the world!). So, if you own a timeshare in Florida, that goes on the list. If you own a plot of land in Europe, that goes on the list too! And, you have to list what you own such as cars and valuable items in your house. You also have to list EVERYONE YOU OWE. Every company, every person, no exceptions! These are just some examples. There are approximately 60 pages of questions that every person or business owner has to answer UNDER THE PENALTY OF PERJURY. Full, accurate disclosure is the only way you can get relief from the Court. And how you disclose everything on the Petition is very important! This means that if anything is left off, you could be denied your Bankruptcy Discharge (completion document) or worse, be sentenced to Prison for Bankruptcy Fraud.

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USCIS Adjusting Premium Processing Fee

U.S. Citizenship and Immigration Services (USCIS) announced today it is adjusting the premium processing fee for Form I-129, Petition for a Nonimmigrant Worker and Form I-140, Immigrant Petition for Alien Workers beginning on Oct. 1, 2018 to more effectively adjudicate petitions and maintain effective service to petitioners.

The premium processing fee will increase to $1,410, a 14.92 percent increase (after rounding) from the current fee of $1,225. This increase, which is done in accordance with the Immigration and Nationality Act, represents the percentage change in inflation since the fee was last increased in 2010 based on the Consumer Price Index for all Urban Consumers.

“Because premium processing fees have not been adjusted since 2010, our ability to improve the adjudications and service processes for all petitioners has been hindered as we’ve experienced significantly higher demand for immigration benefits. Ultimately, adjusting the premium processing fee will allow us to continue making necessary investments in staff and technology to administer various immigration benefit requests more effectively and efficiently,” said Chief Financial Officer Joseph Moore. “USCIS will continue adjudicating all petitions on a case-by-case basis to determine if they meet all standards required under applicable law, policies, and regulations.”

Premium processing is an optional service that is currently authorized for certain petitioners filing Forms I-129 or I-140. The system allows petitioners to request 15-day processing of certain employment-based immigration benefit requests if they pay an extra fee. The premium processing fee is paid in addition to the base filing fee and any other applicable fees, which cannot be waived.