Former Louisiana Congressman William Jefferson was allowed to continue his bankruptcy filing this week. A trustee had earlier attempted to make his bankruptcy filing more difficult on the basis that Jefferson should not be allowed to escape certain debts.

The congressman will also face sentencing for corruption charges next month. According to the liquidation filing,  Jefferson and his wife have debts as much as $10 million and face other obstacles as a result of the corruption case.

If you or anyone  you know is trying to file for bankruptcy, contact the New Orleans personal bankruptcy attorneys of Kervin & Young at 504-599-5906.

Owners of small businesses choose to liquidate for many reasons. However, no matter what the reason, sorting out a business liquidation is complicated.

Business liquidations involve legal, financial, and tax considerations that could affect all parties. For instance, when multiple people form a small business and become owners, they typically sign a contract that stipulates how the business might be liquidated.

This agreement, however, may change over the life of the business. As business owners change or ownership interests are adjusted, the liquidation agreement may become more complicated.

In order to sort out the legal aspects of a liquidation, contact the New Orleans small business liquidation lawyers of Kervin & Young at 504-599-5906.

Many people file  for bankruptcy to get out of their debt obligations. While bankruptcy courts can discharge many debts, some types of debts cannot be discharged.

The types of debts that can be discharged typically vary by state. However, some common debts that cannot be discharged include tax claims, child support, student loan debts, and other debts owed to the government.

If you are considering filing for bankruptcy and have questions about which debts can be discharged, contact the New Orleans bankruptcy attorneys of Kervin & Young at 504-599-5906.