Debt Relief Blog
Posted on Apr 24, 2013
One of the leadings causes of Bankruptcy is credit card debt. Credit card companies offer numerous incentives to attract new customers, including cash back, vacations, and airline miles. The idea is ...
Continue reading "Credit Card Debt Can Lead to Bankruptcy" »
Posted on Mar 30, 2013
Many of our clients have filed for Bankruptcy due to credit problems associated with identity theft. Online purchases and financial transactions have significantly increased over the past few years, ...
Continue reading "Tips to Avoiding Identity Theft and Preventing Bankruptcy" »
Posted on Feb 27, 2013
A primary reason to file for Bankruptcy, under Chapter 7 or Chapter 13 of the United States Bankruptcy Code, is to receive an Order of Discharge from the Court. The Bankruptcy Discharge is a Court ...
Continue reading "The Advantages and Limitations of the Bankruptcy Discharge" »
Posted on Jan 28, 2013
It's important to remember that every financial situation is different. If you file for Bankruptcy, your case will be completely unique versus other cases. Although some of the debts and creditors ...
Continue reading "When to Stop Paying Your Creditors" »
Posted on Jan 16, 2013
After filing for Bankruptcy, an unexpected thing happens to many consumers: their credit scores go up ! Once a Bankruptcy is filed, several adjustments occur to a person's credit report, leading ...
Continue reading "Bankruptcy Can Actually Improve Your Credit Score" »
Posted on Dec 11, 2012
If you are behind on your bills, you probably have experienced creditor harassment. They can be ruthless in their collection efforts. Debt collectors make harassing phone calls and mail embarrassing ...
Continue reading "Protecting Yourself Against Creditor Harassment" »
Posted on Nov 25, 2012
If you are considering Bankruptcy, you probably have limited funds. Any money in your savings or checking account is likely needed to pay monthly bills. Losing these funds could be disastrous. ...
Continue reading "Some Creditors Have the Right to Remove Funds from Your Bank Account Without Warning or Notice" »
Posted on Oct 25, 2012
This is a common question among our bankruptcy clients. Many debtors have retirement accounts through their employer or rollover funds in an IRA. When filing for Chapter 7 or Chapter 13 Bankruptcy, ...
Continue reading "Is My 401(k) and IRA Protected in Bankruptcy?" »
Posted on Sep 28, 2012
Chapter 13 Bankruptcy is deigned to pay your debts back over a 3 to 5 year repayment plan. In this Bankruptcy, you pay your creditors whatever you can afford during the course of the Bankruptcy. ...
Continue reading "The Most Powerful Benefits of Chapter 13 Bankruptcy" »
Posted on Aug 26, 2012
When you file for Bankruptcy, you must list all known debts, including medical bills. Even if you want to pay the debt in the future, you must list the debt at the time of filing. Many of our clients ...
Continue reading "Will Bankruptcy Affect Future Medical Care?" »
Posted on Jul 25, 2012
Bankruptcy is utilized by thousands of Americans for numerous reasons. Celebrities such as Burt Reynolds and Elton John have been forced to file Bankruptcy due to poor business decisions and ...
Continue reading "Even the Rich and Famous File for Bankruptcy" »
Posted on Jul 11, 2012
When done properly, consumer Bankruptcy is one of the most protective laws in our country. It can save your home from foreclosure, eliminate uncontrollable credit card debt, and prevent vehicle ...
Continue reading "Filing Bankruptcy Without an Attorney is a Bad Idea" »
Posted on Jul 3, 2012
When you file for Chapter 7 Bankruptcy, you must list everything you own or have an interest in, including real and personal property. This property becomes part of your Bankruptcy "estate" ...
Continue reading "Protecting Your Non-Exempt Property in Chapter 7" »
Posted on Jun 6, 2012
I meet with potential Bankruptcy clients every week. Here are some common questions that come up when considering Chapter 13. Will I lose my property? No. Unlike Chapter 7, the Trustee assigned to ...
Continue reading "Main Questions When Considering Chapter 13 Bankruptcy" »
Posted on May 11, 2012
According to a New York Times report, Bank of America has begun a new, mortgage forgiveness program, where it will reduce a significant portion of principal on certain, qualified mortgages. This ...
Continue reading "Bank of America Begins its Mortgage Forgiveness Program" »
Posted on Apr 19, 2012
Do you really know who owns your mortgage? Do you think it's the same company that you pay each month? Surprisingly, it may not be. Your mortgage payment is always sent to your "loan ...
Continue reading "Do You Really Know Who Owns Your Mortgage?" »
Posted on Apr 12, 2012
The central feature of a Chapter 13 Bankruptcy is its 3 to 5 year repayment plan. During that period, you are required to pay all known creditors what you can afford while under the protection of the ...
Continue reading "Chapter 13 Bankruptcy and Co-Debtors" »
Posted on Apr 9, 2012
If you landlord is threatening eviction, but does not have a Court Order to evict, Chapter 7 or Chapter 13 can help (or at least buy some time to figure things out). In this situation, a Bankruptcy ...
Continue reading "Are You Facing Eviction? Bankruptcy May Help" »
Posted on Mar 27, 2012
If you receive social security benefits, there is a chance you could receive an overpayment of benefits. When this occurs, the Social Security Administration will contact you for the funds. You are ...
Continue reading "Discharging Social Security Overpayments in Bankruptcy" »
Posted on Mar 27, 2012
In some cases, your creditor may forgive your debt, leading to a zero balance on your credit report. This type of debt must be listed in Bankruptcy, as the debt is technically owed, it's just been ...
Continue reading "Listing a Zero Balance Credit Card in Bankruptcy" »
Posted on Feb 29, 2012
Some people believe that once you file Bankruptcy, you cannot get a home loan. This is a terrible myth that prevents many of people from seeking relief under the United States Bankruptcy Code. Nothing ...
Continue reading "Buying A Home After Bankruptcy" »
Posted on Feb 15, 2012
A man living in Austin, Texas recently pled guilty to operating a foreclosure scam that defrauded hundreds of people. In Court, Frederic Alan Gladle admitted to defrauding homeowners out of more than ...
Continue reading "Texas Man Pleads Guilty to Bankruptcy Fraud Scheme" »
Posted on Jan 31, 2012
Would you like this year to be better than last year? You have the power to take charge of your debts through consumer Bankruptcy and get a fresh start for the future. The beginning of the year is a ...
Continue reading "Getting a Fresh Start in the New Year" »
Posted on Jan 19, 2012
Bankruptcy occurs during very difficult financial times. In some cases, your rent may be late, and the landlord is threatening eviction. Fortunately, a Bankruptcy filing under Chapter 7 or Chapter 13 ...
Continue reading "Bankruptcy Can Protect You from Eviction" »
Posted on Dec 30, 2011
The word "equity" is used in several professions and has several different meanings. In law, "equity" generally means fashioning a result that makes thing right. In other ...
Continue reading "What Does Equity Mean in Bankruptcy?" »