Chapter 7 Bankruptcy | Should You Start Repaying Debts Before Filing? Chapter 7 Bankruptcy | Why pay off a credit card or other debts before you file bankruptcy? This would seem to be a counter-intuitive thing to do. After all, you’re filing bankruptcy presumably because you need to eliminate debts. But many debtors choose to [...]
Bankruptcy Attorney | There is More to Bankruptcy Than Filling Out Forms Bankruptcy Attorney | There is a great misconception out there shared by many that filing bankruptcy is simple–that all you need to do is fill out some forms, attend a meeting, and you get rid of all your debts. This idea is shared by [...]
Bankruptcy Lawyer | Lenders Using Unsavory Tactics Bankruptcy Lawyer | There seems to be no end to the unsavory tactics employed by some lenders against consumer borrowers. We have noted in previous posts, for example, lenders’ quick engagement of debt collectors to pursue borrowers, even when many of those consumers have not defaulted on a [...]
Bankruptcy Attorney | Counseling Sessions for Those Considering Bankruptcy Bankruptcy Attorney | In Florida and all other states, excepting North Carolina and Alabama, the U.S. Trustee Program administered by the United States Department of Justice has plenary regulatory and oversight powers over counseling and education requirements regarding bankruptcy. A consumer information pamphlet written by the [...]
Bankruptcy Lawyer | Understanding Chapter 7, 11, and 13 Bankruptcy (Pt. 2) Bankruptcy Lawyer | Keep Up Your Regular Secured Debt Payments To protect yourself from foreclosure or repossession, you will need to continue making payments on those loans. this is because Chapter 13 does not eliminate a secured creditor’s lien. Most courts require you [...]
Chapter 7 Bankruptcy | Understanding Chapter 7, 11, and 13 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Bankruptcy means seeking help to get back on strong financial footing. That often means forfeiting some of your property through the process of liquidating your assets. But specifically what happens to your property in bankruptcy is entirely based [...]
Bankruptcy Attorney | Student Loan Debt and Bankruptcy Law Changing (Pt. 2) Bankruptcy Attorney | Current Attempts At Discharging Student Loan Debt in Bankruptcy Yearly, fewer than 1,000 people nationwide attempt to discharge their student loans via bankruptcy. According to a Wall Street Journal analysis, 713 such lawsuits were filed in 2014. But that process is both [...]
Bankruptcy Lawyer | Student Loan Debt and Bankruptcy Law Changing (Pt. 1) Bankruptcy Lawyer | Currently, Federal law prohibits student loan debt from being discharged during bankruptcy. But that may be changing. Potential Changes for Student Loan Debt Sounds like the White House is currently weighing steps that would make it easier for Americans with student [...]
Bankruptcy Attorney | Reality TV Star Charged With 20 Counts of Bankruptcy Fraud Bankruptcy Attorney | Regardless of whether you consider yourself a fan of so-called "reality television," the fact remains that these programs draw huge ratings and, as such, will continue to be produced by networks anxious to find their next big hit. Interestingly [...]
Bankruptcy Lawyer | Can I Prevent Foreclosure by Filing Bankruptcy? Bankruptcy Lawyer | There are a wide variety of reasons people begin to consider filing for bankruptcy, from burdensome medical bills to credit card overuse to bad tax decisions. One common reason folks begin to consider bankruptcy is that they become unable to make their [...]