According to a 2015 Federal Reserve Bank of New York report, people who file bankruptcy fare much better than those who avoid doing that. Lets look at some of the ways this happens.
(more…)Avoiding Bankruptcy Can Backfire
Ignore lawsuit papers at your peril. Bankruptcy may be a good way out.
If you ignore papers notifying you that a lawsuit has been filed against you, things could go very wrong. If that happens, filing bankruptcy might fix it for you.
(more…)Many of my debts are "charged off". Do I still need to file bankruptcy?
Clients who are preparing to file bankruptcy often tell me that many of there debts are "charged off", thinking that they don't owe them any more, and ask me if they still need to file bankruptcy. Let's take a look at that.
Owe way more on your car than it's worth? Bankruptcy might fix that.
If you owe way more on your car than it's worth, filing bankruptcy might
fix that. How does that work? (more…)
Scam Targets Bankruptcy Filers
People who have filed bankruptcy are being targeted in a scam. (more…)
A creditor sued me and got a court judgment. Is it too late to file bankruptcy?
A creditor sued me and got a court judgment against me. Is it too late to file bankruptcy to get rid of that debt?
(more…)I'm owed $150,000 of back child support. Can I file bankruptcy?
I'm owed $150,000 of back child support that I haven't been able to collect, and I need to file bankruptcy. (more…)
Can I give money to my son before filing bankruptcy?
I want to give my son $20,000 for a wedding present, probably by borrowing from my 401K retirement account. But I also need to file bankruptcy. Would that be a problem?
Should you pay your creditors if you're going to file bankruptcy?
If the best way out of your struggling financial situation is to file bankruptcy, should you continue to pay your creditors? The answer is important, but not black-and-while. Let's take a look at this.
People Fare Better After Filing Bankruptcy
Steve Rhode, the "Get Out of Debt Guy", wrote an article showing how avoiding bankruptcy can backfire, that people who filed bankruptcy often fared better than those who didn't.
(more…)How to Choose a Bankruptcy Attorney – Avvo.com
Ready to file bankruptcy? That's good news, not bad.
What might bankruptcy do for me? The short version.
Many people contact me to see if bankruptcy would be right for them. I find that many of them don't understand the basics of what bankruptcy might do for them, so here is the short version.
(more…)Car died, got a loan for another car three months after bankruptcy!
Think you'll be stranded with no way to get a loan if your car dies soon after your bankruptcy? If so, read this…
(more…)Are credit card payments killing you? Is bankruptcy a good option?
Are you putting off contacting a bankruptcy attorney? That might cost you lots of money.
Are you thinking about bankruptcy but not doing anything about it? Are you putting off consulting with a bankruptcy attorney, hoping that things will get better? If so, you may be costing yourself a lot of money.
(more…)Are you expecting a tax refund? It's that time again.
It's now March 1. Do you know what your tax refund is doing? Will the bankruptcy trustee take it? Read on…
HOA dues still pile up after filing bankruptcy. What to do?
If you own a condo or other property and pay HOA (Home Owners Association) dues, filing bankruptcy will eliminate back HOA dues incurred before that filing, but not those dues charged after the filing. (more…)
I owe too much money to file bankruptcy. Wrong!
Why do some people think this is true? After all, you read about large corporations that owe many millions filing bankruptcy. Whatever the reason, it's just not true. Let's take a look as what is true…
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