What Friends and Relatives will Think of you if you file for Bankruptcy Protection.
You might be worried about what friends and relatives will think of you if you file for bankruptcy protection. You can relax. Your friends and relatives want what is best for you. For example, one of my clients was borrowing heavily from his parents in order to keep up with his credit card debt. His […]
Discover the Difference Between Debt Management Plans and Filing Bankruptcy
Credit counseling companies were originally created by the banks to collect debts for them. They offer “debt management plans” where by people can consolidate their debts and pay them off in full over a period of five years. They try to negotiate lower interest rates for the credit cards so that they can be paid […]
Can a Person Filing Bankruptcy Exclude Debts They Want to Pay?
Filing Bankruptcy Exclude Debts: I am often asked Can a Person Filing Bankruptcy Exclude Debts They Want to Pay?. When you file a bankruptcy petition, you must give the court a complete list of your debts. You are not allowed to leave anything off. However, it is possible to repay debts that you have listed […]
How Often Can I File Bankruptcy?
When a person has filed bankruptcy in the past, they may want to know how long they must wait to file bankruptcy again. If a person has filed a Chapter 7 bankruptcy petition and received a discharge of their debts, they must wait 8 years before they can file another Chapter 7 petition. However, the […]
Brooklyn Center Bankruptcy Attorney: How To Pay For Bankruptcy
Chapter 7 Bankruptcy Chapter 7 bankruptcy allows a person to eliminate most types of debts completely, while allowing a person to keep all assets that are exempt from creditors. The court filing fee and attorney’s fee for Chapter 7 bankruptcy must be paid in advance. If a person wants Chapter 7 bankruptcy and is not […]
An Attorney Is Abreast Of The Ever-Changing Bankruptcy Laws
There are a number of potential pitfalls and tricks in the ever-changing bankruptcy laws, so it is very important to consult with a knowledgeable bankruptcy attorney. If your case is filed wrong, it may be dismissed for not filing a required document and if you have to file a new case you may not be […]
Divorce and Bankruptcy
Divorce and Bankruptcy: Divorce is painful and can leave us in financial ruins. We are often clouded with emotion and are unable to make sound financial decisions that will protect us. Make sure to hire someone who is thinking practically and not emotionally. If filing for bankruptcy is necessary, than proper means must be taken […]
Child Support Is Not Dischargeable
Child support is NOT dischargeable in any type of bankruptcy. The welfare of minor children is of primary importance throughout the state and federal court system. Priority debts are nondischargeable in bankruptcy. This means that if you owe any outstanding child support debt, it will not get wiped out by your bankruptcy discharge. As a […]
Hiding From Debt Won’t Make It Go Away.
Ignoring or Hiding From Debt Won’t Make It Go Away, it will only make them worse. Nobody-ever-forgets-a-debt. Especially not creditors. If you are facing legal action do not procrastinate. Often, even when people are in danger of foreclosure or car repossession, or are being sued, or are having their wages garnished – even then, they do […]
Get That 800 lb Gorilla Of Debt Off Of Your Back!
Debt is an 800 lb gorilla on our backs. It can consume our thoughts and have us living in a paranoid state whenever the phone rings or the mail comes. They are all little reminders of the impending doom we feel from debt. Are your accounts being turned over to debt collectors? Are you worried […]
