An attorney called me today to ask me about his client who had moved from Florida to Ohio a few months ago to take a new job and establish a new residence The same client still owned a piece of real property in Florida which was his former Florida homestead. The attorney understood that the client would not be eligible for Florida exemptions because the debtor no longer domiciled in Florida. The question was whether or not the client could file bankruptcy in Florida because he retained ownership of Florida property.

The bankruptcy law privies that a debtor may file bankruptcy in any federal district in which the debtor’s domicile, place of business, or principal assets have been located for the greater part of the preceding 180 days. T

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At the end of June, the unemployment rate stood at 9.2% for the United States. According to the U.S. Bureau of Labor Statistics, the number of unemployed persons has increased by 545,000, and the unemployment rate has risen by 0.4 percentage point since March. The labor force, at 153.4 million, changed little over the month.

You would think, with so many people unemployed, businesses would have little problems in finding a labor pool to hire new employees. If you thought that, you would be wrong. According to job postings on Monster.com and other similar websites, people who are unemployed would be the lesser attractive applicants.

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While the rest of the country slowly slugs its way out of the recession and millions of homeowners await their destiny at the hands of foreclosures, it is good to know the ones bailed out by the taxpayers on whom they foreclosed are now continuing to profiteer.

According to recent news releases, Citigroup bank profits have rebounded from the recession to the tune of 24 percent in the second quarter of 2011. That percentage earned them a whopping $3.34 billion. The third largest bank in the nation has managed to cut back its losses from poor loans.

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In 1980, the federal government passed a special law which allowed national banks to ignore state usury limits and peg the rate of interest at a certain number of points above the federal reserve discount rate. In addition, specially chartered organizations like small loan companies and installment plan sellers have their own rules. That means that the laws in most states do not have enough teeth to regulate credit card debt. As a result in many cases, about the only way a person can relieve exorbitant debt from various banking institutions is through filing bankruptcy.

Credit card debt is one of the leading reasons people file for bankruptcy protection , but if you are “collection proof,” meaning you do not have enough assets creditors can get hold of to satisfy debt, you may not need to file for bankruptcy protection at all. All

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