Bankruptcy Attorney | Holding on to Property During Bankruptcy Bankruptcy Attorney | Facing bankruptcy can make you unsure of a lot of things. Namely, what will happen to your personal property? Because bankruptcy means you are seeking help to get back on strong financial footing, chances are you will need to forfeit some of your [...]
Bankruptcy Attorney | What is Chapter 11 Bankruptcy? Bankruptcy Attorney | As more and more businesses struggle to turn a dime as we crawl out of the recession, you have most likely heard the term “Chapter 11 bankruptcy.” Recently the rapper 50 Cent filed for Chapter 11, in addition to A&P and Columbia Records. It’s not [...]
Chapter 13 Bankruptcy | Bankruptcy Lawsuit Over College Tuition Chapter 13 Bankruptcy | As part of an aggressive and growing tactic, bankruptcy trustees are starting to sue universities, and sometimes even the college students themselves, in an effort to take back tuition funds that had been paid years prior. The reason? Trustees feel the money that [...]
Bankruptcy Attorney | The Foreclosure Crisis is Still Alive (Pt. 1) Bankruptcy Attorney | The foreclosure crisis in the U.S. is still very much alive. Despite the fact that there are fewer homes entering the foreclosure process now, two-thirds of home loans that are currently in some state of the foreclosure process entered that process [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 2) Chapter 7 Bankruptcy | Criteria for Chapter 7 Bankruptcy There are some criteria you will need to meet in order to be able to file for Chapter 7 bankruptcy. 1. Bankruptcy means test This test compares the state’s median monthly family income to your family’s income. You may [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Medical bills add up fast. A simple operation can cost a family thousands, and even push them into bankruptcy. In fact, medical bills are one of the most common reasons people seek relief in bankruptcy. Luckily, medical debt can be wiped out in bankruptcy. Medical [...]
Bankruptcy Attorney | Bankruptcy Terminology Defined Bankruptcy Attorney | If you’re facing bankruptcy, it’s already a confusing time. Even more confusing is the terminology that goes hand in hand with understanding bankruptcy law. Below we outline some of the more common terms that you will come across and need to understand. Understanding Bankruptcy Terminology Assets are [...]
Chapter 13 Bankruptcy | Survey Finds a Mass Under-Reporting of Debt Chapter 13 Bankruptcy | Survey findings from recent research reveal that, while many Americans report debt information concerning their mortgages, home equity loans and bankruptcies with a "striking level of accuracy," the same can't be said regarding their input on their credit card debt. [...]
Bankruptcy Attorney | A Terrible Debt-Related Story Bankruptcy Attorney | With stories like the following, it’s small wonder that the United States Federal Trade Commission reportedly receives more complaints about debt collectors than any other industry. Here’s what happened to one woman. A collection agency filed a lawsuit against her, alleging nonpayment on a $10,000 [...]
Bankruptcy Attorney | A Harsh Look at Debt Settlement Companies Bankruptcy Attorney | The attorney general of one state calls it "the latest scam on the largest group of people who are struggling with the most debt." What she is referring to is student-loan indebtedness, which has reportedly strapped consumers across the country with well [...]