Welcome to the first installment of Dogs Explaining the Bankruptcy Code. As a bankruptcy attorney I love the bankruptcy code. I have five copies of it, and even keep one at home and one in my car. I think it is important for anyone considering bankruptcy to know and understand the bankruptcy code, but I realize not everyone is as excited about it as I am. So to aid in educating you about the bankruptcy code, and not put you to sleep, I have enlisted the help of some friends to make it more interesting. Without further ado, I present Dogs Explaining the Bankruptcy Code Part I: Preferences.
Preferences are a big issue for anyone considering bankruptcy. The last thing anyone wants to have happen is to get their loved ones dragged into their financial issues, and with the right attorney they can be avoided. Below is a common scene played out in my office that I hope will shed some light on the topic of what a prefrence is, what it means, and how to avoid them: