How to Stop Creditor Harassment
Most people simply endure the endless phone calls and threats without ever looking for ways to stop creditor harassment. Eventually, they become scared to even answer their phone. Unfortunately, ignoring the situation will not make it go away. Collection agencies have hundreds of workers who do nothing but make phone calls all day. There are, […]
Can Filing Bankruptcy Stop Foreclosure?
Few things are more stressful than facing foreclosure on your home. Despite the best-laid plans, though, you may have fallen behind on your mortgage payments. While some mortgage companies are willing to work out deals with you (like a short sake, or a loan modification), others are not. And while State and Federal programs offer […]
4 Things You Need to Know About Bankruptcy and Divorce
Divorce can be an emotional process, and may also entail figuring out how to handle debt or finances during or after the divorce. Add bankruptcy to the mix, and the compounded stress of bankruptcy and divorce can be overwhelming. You may be surprised to learn that divorce is one of the leading reasons people file for […]
Dispelling 5 Bankruptcy Myths About Filing Chapter 7
If you’re considering filing Chapter 7 to deal with unmanageable debt, a skilled attorney can help you through the process. It can be difficult to deal with a complex financial situation that leads to bankruptcy. But filing Chapter 7 is not as difficult as some bankruptcy myths would have you believe. Myth 1: You Don’t […]
What Can You Do if a Debt Collector Violates the FDCPA?
The main purpose of the FDCPA – or the Fair Debt Collection Practices Act – is to provide consumers protection from overly zealous debt collectors and other aggressive actions by debt collection agencies. If a debt collector has violated the FDCPA, there are several steps that you may be entitled to take under the law. […]
How to Rebuild Credit After Bankruptcy
An experienced attorney can show you how to rebuild credit after bankruptcy. There is a common misconception that bankruptcy ruins a person’s financial future. Although a bankruptcy declaration can remain on your credit reports for ten years, it is important to note that you still have options under the law, and you can begin to rebuild your credit […]
What is the Bankruptcy Means Test?
Bankruptcy Chapter 7 Means Test Before you can file a bankruptcy case, you have to decide which type of bankruptcy best suits your needs. If you want to file Chapter 7 bankruptcy, you will probably have to take what we call the Bankruptcy Chapter 7 Means Test, a mathematical formula designed to determine if you […]
What Happens to Your Motor Vehicle in Minnesota Chapter 7 Bankruptcy?
Most people who file for bankruptcy own or lease a car, truck, or motor cycle. A motor vehicle is often a necessity, so, if you are thinking about bankruptcy, you are probably concerned about the fate of yours. What happens to your motor vehicle in Minnesota Chapter 7 bankruptcy depends on whether it is fully […]
What Is a Reaffirmation Agreement and Should I Sign One?
A reaffirmation agreement is a contract in which a Chapter 7 debtor (the person who files a bankruptcy case) and a lender agree that a debt will not be discharged in a Chapter 7 bankruptcy case. If the goal of a bankruptcy case is to eliminate (discharge) as much debt as possible, it may […]
14 Common Mistakes to Avoid When Filing for Bankruptcy
Filing for Bankruptcy? Bankruptcy can be a trap for the unwary, particularly if you file bankruptcy pro se, i.e., without legal representation by a knowledgeable bankruptcy attorney. Some common mistakes to avoid when filing for bankruptcy are listed below. You can escape all of these errors by retaining competent bankruptcy counsel and following his or […]
