Posts Tagged ‘Credit card’

Stopping Collection Attempts from Creditors with Bankruptcy

July 17th, 2013 by Reed Allmand

past-due

Bankruptcy may help stop a number of collection attempts from creditors depending on your situation.  Many people have a habit of ignoring or neglecting collection notices from creditors and wait too long to begin the filing process.  Meaning in some cases, it may have made sense legally to file sooner to avoid further action being […]

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Can I Keep My Credit Card if I File Chapter 7 Bankruptcy?

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 […]

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Fraudulent Credit Card Charges in Bankruptcy

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 […]

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Should I Stop Using My Credit for a Certain Time Period before Filing Bankruptcy?

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 […]

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Will Bankruptcy Eliminate Debt that Is In Default?

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 […]

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If I File Bankruptcy Will I Lose My Credit Union Account?

October 25th, 2012 by Reed Allmand

If I File Bankruptcy Will I Lose My Credit Union Account?

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 […]

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What You Should Consider during the Divorce Settlement Process

September 6th, 2012 by Reed Allmand

What You Should Consider during the Divorce Settlement Process

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 […]

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Why is Credit Counseling Required When Filing Bankruptcy?

August 27th, 2012 by Reed Allmand

Why is Credit Counseling Required When Filing Bankruptcy?

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 […]

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How is Credit Card Debt Handled in Chapter 13 Bankruptcy?

August 16th, 2012 by Reed Allmand

How is Credit Card Debt Handled in Chapter 13 Bankruptcy?

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 […]

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Most Common Divorce Questions Asked during a Consultation

July 27th, 2012 by Reed Allmand

Most Common Divorce Questions Asked during a Consultation

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 […]

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FAQ

Why do I need to submit a new wage order when I modify my plan

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.  

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What happens if the stay terminates on my home?

If 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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