January 4th, 2013 by Reed Allmand
Most people look to file Chapter 7 bankruptcy to eliminate credit card debt. Some feel it may not be a good idea to keep your credit card especially if you plan on using it after your case is completed. The good news is it is possible to keep your credit card after filing bankruptcy. Many [...]
More...December 10th, 2012 by Reed Allmand
Credit card use may be a concern for debtors experiencing job loss or those finding it a challenge to make ends meet. While juggling daily expenses many have a hard time meeting debt obligations. Bankruptcy may be the next step for those who are considering the option. Many consumers understand they should stop using their [...]
More...September 17th, 2012 by Reed Allmand
Credit Cards have been around for decades, and the debt that can come along with them can pose real financial challenges. Here’s a look at the state of credit card debt and how it’s affecting Americans. Please use the HTML code below to embed this graphic: Created By: Allmand Law Bankruptcy Firm
More...April 16th, 2012 by Reed Allmand
Credit card debt is the most common form of debt that is unsecured. This means that if you default on payments or choose not to repay what is owed, the credit card company has a right to sue. Depending on what is owed on the account, a lien may be placed against property or you [...]
More...March 1st, 2012 by Reed Allmand
At first glance, the title of this article might seem a little ambitious to you. After all, if you have credit cards after personal bankruptcy, you just may feel grateful that you even have access to credit. Therefore, you may be willing to put up with any interest rate that your lenders want to charge you, [...]
More...August 16th, 2011 by Reed Allmand
One of the first tools post-bankruptcy debtor uses to rebuild their credit score is the credit card. While they may start off with a secured credit card, within a year of making regular payments post-bankruptcy debtors can graduate to unsecured credit cards. But what are some of the important facts debtors coming out of bankruptcy [...]
More...February 9th, 2011 by Reed Allmand
There is good news and bad news for post-bankruptcy debtors searching for credit card offers in the coming year. The good news is that more credit card issuers are willing to lend to more consumers, even those who have filed bankruptcy. Credit card solicitations have nearly doubled in the past year and many of them target the sub-prime market, those with little credit, poor credit and those debtors who have filed bankruptcy. But let’s take a look at some of the other changes that might not be good news for borrowers exiting bankruptcy.
More...January 24th, 2011 by Reed Allmand
The delinquency rate for credit cards issued by banks has risen from 3.62 percent to 3.65 percent in the past year. Some analysts note the persistently high unemployment rate as the reason for the rise in credit card delinquency. This may be true; but the rise in credit card delinquency rate is also being caused by the undying idea in our society that credit card debt is somehow justified even if we know that credit card debt often leads to bankruptcy.
More...January 20th, 2011 by Reed Allmand
A recent study on the impact of the Credit Card Act on students conducted by Jim Hawkins at the University of Houston Law Center, surveyed over 300 undergraduates in November and found that a full 29% of students under 21 who obtained a credit card since starting school this academic year used student loan proceeds as part of the income they reported to card issuers in their credit card applications. If this is true, then it is an outrage. Student loans is not income, it is debt and not designed to fund credit card companies.
More...January 18th, 2011 by Reed Allmand
Sen. Richard J. Durbin is on the campaign trail again, but not for his seat in Congress, the legislator has his sights on the abusive practices of the burgeoning prepaid debit card industry which is known for its tendency to charge high fees for everything from activating the prepaid debit card to checking the balance. Durbin wants to put a stop to the most abusive fees in the prepaid debit card industry. But some are trying to stop him.
More...
A Michigan man may face more than 20 years in federal prison after pleading guilty recently to charges related to money laundering and bankruptcy fraud. Adrian Hassan Tageddine, 42, of Dearborn Heights, admitted to authorities he hid assets including cash and luxury vehicles when he filed for bankruptcy in 1999. Internal Revenue Service (IRS) agents [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 16, 2013 Casino commission OKs Revel’s bankruptcy plan David Oreck Talks Bankruptcy And Book Cancer diagnosis puts people at greater risk for bankruptcy
Chapter 7 bankruptcy eliminates unsecured debt such as medical bills, credit card debt, and payday loans. In order to understand whether you qualify is by reviewing your eligibility factors. The most effective way to learn if you qualify includes discussing your situation with an experienced bankruptcy attorney. Meeting qualifications of the means test and providing [...]
When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.
Learn MoreIf the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.
Learn More
English
Español
