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 if you ask them to stop. However, even if those collectors honor your request to […]
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 gone through a divorce?” The response is always “Oh yes, I know lots of people […]
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, free of interest, and often have very reasonable repayment terms. It can be a great […]
Filing Bankruptcy in the United States is a legal proceeding that allows a debtor to sever the liability to certain financial liabilities. In short, allows people to get rid of debt without paying it. But, just because a person can file bankruptcy, is it okay to file bankruptcy?
When filing a bankruptcy case, one of the rudimentary rules is that you must list all of your property you own as of the date of filing. This basic concept can become complicated quickly, but generally means you have to list all of your stuff. However, there is an exception to that general rule.
Life is often stressful. There are many events in life that increase our stress. Some things are bad like death of a loved one or the loss of employment. Some things are good like marriage or a new baby. While even good things can add to our current stress levels, too much stress is a bad thing that can […]
Chapter 13 – Post-Petition Assets and Claims
There are many options when it comes to addressing and dealing with debt problems. One popular method is working with a Debt Consolidation company. The idea behind a debt counseling company is that the company will work with your creditors to reach agreements to lower monthly payments or payoff credit accounts for less than the […]
A statute of limitations is a law that places a time limit on pursing a legal remedy. This means that once a certain amount of time has passed, the law prohibits attempts to sue over an alleged wrong doing.
No one desires to lose a house in bankruptcy because of financial setbacks, but many factors including predatory lenders and nasty adjustable rate mortgages are making it impossible for many people to keep their homes. If you have been forced to file for bankruptcy protection and decide that surrendering your property is your best option, […]