Voluntary Foreclosure Property Must Comply With City Code

Chapter 7 bankruptcy debtors who surrender their property during bankruptcy may still be bound by the code and regulations enforced by their city or municipality until the secured creditor takes action to regain title of the property. Until the creditor legally holds the title to the property the homeowner may still  liable for complying with [...]

By |2018-11-16T22:01:48+00:00April 1st, 2010|Bankruptcy, Bankruptcy Q&A, Chapter 7 Bankruptcy, Foreclosures|Comments Off on Voluntary Foreclosure Property Must Comply With City Code

Four Reasons Chapter 7 Bankruptcy May Be Right For You

If you are low or no-asset debtor, it is unlikely that you will need to pay any money to your creditors or be required to liquidate any of your assets.  Because of the bankruptcy codes' generous exemptions system, many Chapter 7 bankruptcy debtors are able to protect all of their assets from seizure during bankruptcy. [...]

By |2018-11-13T19:35:51+00:00March 22nd, 2010|Bankruptcy, Bankruptcy Q&A, Debt Collectors, Economy|Comments Off on Four Reasons Chapter 7 Bankruptcy May Be Right For You

Four Tips For The Post Bankruptcy You

Bankruptcy offers debtors the chance at a fresh financial start.  But what does a debtor do once their debt has been discharged and their bankruptcy case closed? Tips every post bankruptcy debtor should follow: Live within your means. Debtors exiting bankruptcy must learn to rely less on debt and more on the real income they [...]

By |2018-11-12T21:52:23+00:00March 22nd, 2010|After Bankruptcy, Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances, Medical Bills|Comments Off on Four Tips For The Post Bankruptcy You

Three Dangers Of Hiding Debt

In troubled times many people turn to debt to make ends meet, take care of emergencies or just to relieve the stress of everyday life by charging shopping sprees to their credit card.  But more and more Americans are not only become more indebted, they are choosing to rack up large amounts of debt secretly.  [...]

By |2018-11-09T17:03:48+00:00March 18th, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on Three Dangers Of Hiding Debt

Why HAMP Is Failing To Stop The Foreclosure Crisis

Is the Making Home Affordable Modification Program Working? When the Obama administration launched the Making Home Affordable Modification Program (HAMP) many homeowners thought they would finally have access to modification tools that would help them avoid foreclosure . However, HAMP has failed to deliver on its promises and many view the $75 billion invested in [...]

By |2017-12-13T01:30:06+00:00March 18th, 2010|Bankruptcy Q&A, Foreclosures|Comments Off on Why HAMP Is Failing To Stop The Foreclosure Crisis

Will I Lose All Of My Property If I File Bankruptcy?

One of the most insidious myths about bankruptcy is that debtors who file bankruptcy will lose all of their personal property.  For the umpteenth time, this myth is simply not true.  A matter of fact, most debtors who file Chapter 7 bankruptcy do not lose any of their property.  Every state, plus the federal bankruptcy [...]

By |2018-11-14T18:56:17+00:00March 18th, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on Will I Lose All Of My Property If I File Bankruptcy?

I’ve Paid Several Bills Before Filing Bankruptcy – Will The Bankruptcy Court Demand The Money Be Returned?

The bankruptcy code allows the bankruptcy trustee to demand the return of  assets that were transferred before a debtor filed bankruptcy under certain circumstances. The debtor made payments on a debt that gave that creditor preferential treatment over other creditors. For example, if a debtor repaid a relative while not paying on their other debts, [...]

By |2018-11-14T21:25:03+00:00March 17th, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on I’ve Paid Several Bills Before Filing Bankruptcy – Will The Bankruptcy Court Demand The Money Be Returned?

The Chapter 13 Bankruptcy Process For Debtors

When a debtor decides to file for Chapter 13 bankruptcy there is process they must follow.  Below we break down the Chapter 13 bankruptcy process into seven simple to understand steps. Step 1: First discuss with your bankruptcy attorney all of your bankruptcy options, including Chapter 7 bankruptcy. Although Chapter 13 bankruptcy is a viable form [...]

By |2018-11-14T23:45:16+00:00March 16th, 2010|Bankruptcy, Bankruptcy Q&A, Chapter 13 Bankruptcy|Comments Off on The Chapter 13 Bankruptcy Process For Debtors

Five Steps To Conquering Monstrous Debt

Steps to conquering debt: The first step to conquering debt that has gotten out of control is to get honest with yourself.  Take the time to find out how much you owe, how much you earn and what the real gap is in between.  One of the biggest shockers debtors experience when they file bankruptcy [...]

By |2018-11-09T16:26:33+00:00March 16th, 2010|Bankruptcy, Bankruptcy Q&A, Debt and Tax Relief, Economy|Comments Off on Five Steps To Conquering Monstrous Debt

Five Tips For Self-Employed Debtors Filing Bankruptcy

Tip #1 - Make sure your business and personal finances are separate before you file bankruptcy.  Take an effort to keep track of your business expenses and income while simultaneously keeping your private finances in order before you bankruptcy filing. Tip #2 - Work with an accountant if necessary to calculate what your monthly income [...]

By |2018-11-14T17:44:22+00:00March 15th, 2010|Bankruptcy Q&A, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collectors, Economy|Comments Off on Five Tips For Self-Employed Debtors Filing Bankruptcy