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 26th, 2012 by Reed Allmand
Credit card debt is one of the most common forms of debt that is discharged or eliminated in bankruptcy. While bankruptcy is a powerful tool that can eliminate qualifying debt, if a credit card company senses fraud in your case, this may reduce chances of the debtor getting debt discharged. So what is the difference [...]
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...November 12th, 2012 by Reed Allmand
Many debtors may have debt that has fallen into default; meaning some time ago they stopped making payments on it or it was related to secured debt such as car repossession. While bankruptcy may eliminate qualifying debt it may help to review your financial situation in more detail before deciding to file. One issue that [...]
More...October 25th, 2012 by Reed Allmand
Some debtors are under the impression that they will automatically lose their credit union account when they file bankruptcy. In most cases, you’ll get to keep your account but it depends on whether or not you owe the credit union and what your intentions are for making payment on what is owed. There are certain [...]
More...September 6th, 2012 by Reed Allmand
Some couples get so tempted to just sign the divorce settlement in a hurry just to get the process over with. Even when things look good they may not always be fair and for some, they find out after the divorce has been finalized. When making decisions regarding the settlement there are several areas that [...]
More...August 27th, 2012 by Reed Allmand
The Bankruptcy Court requires debtors who file for bankruptcy protection to complete a financial management course before a discharge is granted for your case. Part of the reason for the requirement is due to changes made in bankruptcy laws in 2005. The credit counseling and financial management requirements are there to educate and inform debtors [...]
More...August 16th, 2012 by Reed Allmand
Chapter 13 bankruptcy helps debtors reorganize their debt into manageable payments scheduled over a certain time period. When it comes to credit card debt, the amount you pay may vary depending on multiple factors. If you make necessary payments according to your plan you may qualify to have any remaining credit card debt discharged or [...]
More...July 27th, 2012 by Reed Allmand
Having a consultation with a divorce attorney allows the legal professional to learn about your situation and determine how to proceed. The consultation is also beneficial for the spouse seeking legal representation. Not only will it help in determining the best course of action, in most cases, it allows the spouse to review their personal [...]
More...June 20th, 2012 by Reed Allmand
Medical debt continues to be one of the most common reasons why consumers file for bankruptcy protection. Since unemployment continues to be a challenge for many Americans across the country there is a continued lack of financial support for medical insurance coverage. The same is likely for those who are underemployed. Even some with medical [...]
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Medical debt continues to be one of the most common reasons why people file personal bankruptcy. Yet, recent studies may provide evidence that rising drug costs are partly to blame. Medical debt related to unpaid bills is one matter, but for those who are dealing with a medical illness, the rising cost of medicine is [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 21, 2013 Sinbad, almost $11M in debt, files for bankruptcy Battery maker B456 Systems’ bankruptcy plan approved GM Bankruptcy Proceedings Delayed by Zombie Whistleblower Case
There are exemptions available in Chapter 7 bankruptcy that may help protect your cash. Although the cash in question has to qualify as an exempt asset. It’s common for consumers to be afraid of filing in fear of losing cash assets. The good news is you may be able to retain your cash and other assets [...]
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.
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