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.(more…)
If you owe way more on your car than it's worth, filing bankruptcy might fix that. How does that work? (more…)
People who have filed bankruptcy are being targeted in a scam. (more…)
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 that I haven't been able to collect, and I need to file bankruptcy. (more…)
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?
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.
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…)
Need to find the best bankruptcy attorney to help you get your Fresh Start?(more…)
Why would filing bankruptcy be good news, not bad?(more…)
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…)
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…)
What does it mean for credit card payments to be killing you? It means …(more…)
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…)
It's now March 1. Do you know what your tax refund is doing? Will the bankruptcy trustee take it? Read on…
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…)
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…(more…)
The truth about this is not simple. Let's take a look at it.(more…)
The truth is that back taxes are dischargeable (able to be eliminated) in bankruptcy if they're "old enough". We'll take a look at what that means.
I keep hearing this despite writing about it several times before So lets take another look at this myth.