If your goal is to simply stop a flood of ugly creditor telephone calls, the law is partly on your side. The Federal Fair Debt Collection Practices Act requires collection agencies (but not the original creditor) to stop calling you...
Dave Ramsey, a financial guru, says there are two kinds of people who buy brand new cars. Millionaires and people who are not financially wise with their money. However, one-third of millionaires never buy new cars. For some of them,...
No person really wants to file bankruptcy. Many people who really need to file bankruptcy are resistant to doing so due to: Pride Undue Optimism Indecision Stubbornness No Money to File However, bankruptcy may be the best way to regain...
People often ask me a version of the following question: “Where do your clients come from? I don’t know anyone who has filed bankruptcy.” My response is normally something along the lines of “Well, do you know anyone who has...
The busiest time for consumer bankruptcy filings is in March of every year. At least it is for our office. I believe that is for a couple of reasons, with the main reason being that people use their tax refunds...
When people begin to have financial trouble, one place they often turn to for help is to family and friends. Family and friends can be a big help is alleviating short term financial problems. Borrowing money this way can be quick,...
Article I, Section 8, Clause 4 of the United States Constitution says: The Congress shall have Power “to . . . establish . . . uniform Laws on the subject of Bankruptcies throughout the United States.” So, the Founding Fathers found...
Bankruptcy and divorce are often linked together as one can lead to the other. The burden of debt and stress about finances can be a contributing factor for couples to file for divorce. Divorce can lead to a family needing...
The answer to the this question depends on what type of bankruptcy you filed and several other factors. There is NO Absolute Right to Voluntarily Dismiss a Chapter 7 Case. When you avail yourself of the protections provided under Chapter...
What does it mean to reaffirm a debt? When you file for bankruptcy, you break every contract you have with all of your creditors, including your secured lenders (your mortgage lender, your car lender – any debt that is secured...