When a creditor obtains a court judgment against a debtor, wage garnishment can be soon to follow. Most persons subjected to wage garnishment will consult a lawyer to see if it can be stopped, and many of those will file either chapter 7 or chapter 13 bankruptcy to stop the wage garnishment. While stopping a … Continue reading Stopping Wage Garnishment
I know what it’s like having to grapple with crushing debt, not knowing what to do next, whether to file for bankruptcy or try to borrow some more money, wondering when the next phone call from a creditor will come, not even opening your mail because you already know what the envelope contains. I know … Continue reading When to File for Bankruptcy
Myth 1: Under the New Bankruptcy Law, There’s No More Bankruptcy Myth 2: Everyone Will Know You Have Filed for Bankruptcy Myth 3: You Will Lose Everything You Have Myth 4: You Will Never Be Able to Own Anything Again Myth 5: You Will Never Get Credit Again Myth 6: Filing Bankruptcy Will Hurt Your … Continue reading 15 Bankruptcy Myths
When Vince Johnson started looking for a way to keep his home amid financial difficulties, his attorney steered him toward a Chapter 13 bankruptcy plan. But a second mortgage Johnson had on his property in Zimmerman complicated things. “If we walked away from this house, where were we going to go?” Johnson said in a … Continue reading Easy Bankruptcy: Stripping 2nd Mortgages
If your car is worth less than what you owe on it, you may be able to use a Chapter 13 bankruptcy “cramdown” to reduce the balance and interest rate on your car loan. Read on to learn what a cramdown is and how it works in Chapter 13 bankruptcy. What Is a Car Loan … Continue reading Car Loan Cramdowns in Bankruptcy
At least the graduate in the picture has a job. Being that is involves wearing a chicken suit, it might not produce enough scratch to pay off his share of the more than $1 trillion dollars in student loan debt now owed in our country. The issue is on this site because now, more than … Continue reading Student Loans In Bankruptcy
You want to file bankruptcy but you are not sure if you are eligible to file again. There is a quick an easy way to see if you MIGHT be eligible to file and receive a discharge. On the top line of the image above choose the case that you have filed in the past. … Continue reading Not Sure If You Can File Bankruptcy Again?
We are a country of do-it-yourselfers. I fix my own car, build my own furniture, and even write my own articles. A couple of things I won’t do is prescribe my own medicine or do my own legal work. I am willing to take a chance on a lot of things. If I mess up … Continue reading Why Do-It-Yourself Bankruptcy Filing
Unlike red wine, the information you provide a bankruptcy lawyer does not improve with age. Bankruptcy information is far more like fish: no longer palatable after it sits for a while. A bankruptcy filing is a snapshot of the client’s situation on the day the case is filed. From the point when the case is … Continue reading Bankruptcy: More Like Fish or Red Wine?
When a bankruptcy is filed, the debtor can keep anything that is “exempt.” That always includes household goods and personal effects, and, most of the time, provides a homestead exemption that protects the debtor’s home. But why? Actually, bankruptcy exemptions are absolutely necessary to a fair and forgiving economic system. If filing bankruptcy meant losing … Continue reading Bankruptcy Exemptions Make System Work
