| August 19, 2010 |
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Repaying a Debt After Bankruptcy
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| Posted By Nicholas Westbrook |
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| There are many reasons you may want to repay a debt that has been discharged through Bankruptcy . Whether it is an obligation to a family member, friend, or a local creditor, there is no prohibition against repaying a discharged debt. The U.S. ... |
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| Continue reading "Repaying a Debt After Bankruptcy" » |
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| August 16, 2010 |
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Federal Courts Offer Free Bankruptcy Information
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| Posted By Nicholas Westbrook |
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| The Administrative Office of the United States Courts has published free information and nine short online videos that explain the Bankruptcy process in easy to understand terms. The series is entitled "Bankruptcy Basics" and provides information on ... |
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| Continue reading "Federal Courts Offer Free Bankruptcy Information" » |
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| August 16, 2010 |
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Fewer People Are Buying New Homes
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| Posted By Nicholas Westbrook |
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| Homebuilder confidence has continued to decrease this year, as buyers are more attracted to more affordable, foreclosed homes at a fraction of the usual price. The National Association of Home Builders reports that builders' sentiment about the ... |
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| Continue reading "Fewer People Are Buying New Homes" » |
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| August 12, 2010 |
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Don’t Be Misled By Debt Settlement Companies
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| Posted By Nicholas Westbrook |
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| The Federal Trade Commission recently announced new rules to prohibit debt settlement firms from collecting up-front fees from their customers. The FTC's new rules take effect October 27, 2010, and apply to telemarketing by for-profit debt ... |
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| Continue reading "Don’t Be Misled By Debt Settlement Companies" » |
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| August 06, 2010 |
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A Brighter Financial Future is a Phone Call Away
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| Posted By Nicholas Westbrook |
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| What do Abraham Lincoln, Mark Twain and Walt Disney have in common? How about Kim Basinger, Larry King and Burt Reynolds? The answer is: they have all filed personal Bankruptcy and gone on to have great financial success. Last year, over 1.4 million ... |
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| Continue reading "A Brighter Financial Future is a Phone Call Away" » |
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| August 03, 2010 |
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Bankruptcy Can Stop Disconnection of Utilities
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| Posted By Nicholas Westbrook |
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| When a person files Bankruptcy , the federal law stops creditor collection actions and gives the debtor an opportunity to formulate a plan to repay or eliminate his or her debts. When a person owes a debt to a utility company, that company is ... |
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| Continue reading "Bankruptcy Can Stop Disconnection of Utilities" » |
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| July 30, 2010 |
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Will Bankruptcy Ruin My Credit?
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| Posted By Nicholas Westbrook |
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| During most of my initial consultations, the person sitting across from me asks: "Will filing Bankruptcy ruin my credit?" The short answer is "Yes." It is common sense that filing Bankruptcy will have an immediate impact on your credit score. What ... |
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| Continue reading "Will Bankruptcy Ruin My Credit?" » |
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| April 14, 2010 |
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Personal Liability for Business Debts
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| Posted By Nicholas Westbrook |
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| In 2009, Bankruptcy filings increased by 32% according to the Associated Press. A significant number of these filings included small business owners who were overwhelmed with debt and needed a fresh start. Although a small business owner's debts are ... |
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| Continue reading "Personal Liability for Business Debts" » |
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| February 16, 2010 |
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Transferring Property Before Bankruptcy May Cause Problems
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| Posted By Nicholas Westbrook |
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| You may qualify for Chapter 7 Bankruptcy relief if you are insolvent and cannot afford to pay your creditors. Although Chapter 7 provides numerous advantages for debtors, including help with credit card debts, medical bills, and private loans, it ... |
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| Continue reading "Transferring Property Before Bankruptcy May Cause Problems" » |
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| February 04, 2010 |
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Discharging IRS Tax Debts Through Bankruptcy
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| Posted By Nicholas Westbrook |
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| Earlier today, a potential client asked if consumer Bankruptcy could help discharge prior income taxes owed to the IRS. To answer this question, it is important to review FIVE basic rules found in the U.S. Bankruptcy Code. FIRST, the due date for ... |
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| Continue reading "Discharging IRS Tax Debts Through Bankruptcy " » |
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