You have worked really hard to build and maintain a solid credit record, but have faced significant financial challenges in the last year or so. Maybe you had an illness or injury that kept you from working. Maybe you went through a divorce, or lost … [Read more...]
Exceptions to the Automatic Stay Afforded by the Bankruptcy Laws
When you file a petition in bankruptcy, you are immediately entitled to certain protections provided by the automatic stay established by federal law. This prohibits creditors from calling, writing or taking any legal action outside of the bankruptcy … [Read more...]
Understanding the Different Bankruptcy Filings
Whether you face personal financial challenges or your business has fallen upon difficult times, there are options available to you under the federal bankruptcy laws. This blog post provides an overview of the most common types of bankruptcy … [Read more...]
Should I file my tax return if I can’t pay the taxes that I owe?
If you are self-employed or have 1099 income you may owe taxes to the IRS this year. But what are you supposed to do if you can’t pay those taxes when they are due? Should you still file that tax return? The answer to this question is an emphatic … [Read more...]
Housing Recovery on the Way? If you are in debt and own a home, consider a bankruptcy to set yourself up for success
This morning the Associated Press reported two things which indicate that the housing market is strengthening. First, foreclosure repossessions fell in February 2013 to the lowest level since September 2007. This decline is accompanied by … [Read more...]
How Much Debt Do I Need to File for Bankruptcy Protection?
How Much Debt Do You Have to Have to Be Eligible for Bankruptcy Protection? If your debt load has become unmanageable and you have considered using bankruptcy to get a fresh start, you may be worried that there is a minimum debt requirement you must … [Read more...]
Can You Pick and Choose Which Debts You Want to Discharge in Bankruptcy?
If you face insurmountable debt and have concluded that your only way forward is through a personal bankruptcy filing, you may have questions about how the process works. Do you have to include all your debts in the bankruptcy filing, or can you … [Read more...]
Unsecured Debts and Personal Loans
The most common form of an unsecured consumer loan is the credit card. The ability to get a credit card is going to be determined by your credit score. The lower your credit score the more difficult it will be to get a card. People with low credit … [Read more...]