Chapter 13 Bankruptcy Basics

Thousands of Americans today have steady monthly income and are able to pay their daily living expenses, but can’t keep up with the scheduled payments on their debts. Many of us are facing foreclosures, but have significant equity in our homes that we would like to keep.  One of possible solutions for these problems may be filing ...

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Should Retirement Money Be Used To Pay Off Debt Before Filing Bankruptcy?

Bankruptcy Should Come Before Using Retirement Money Or You Are Likely Costing Yourself Money Over the years, I have yet to meet someone who spent money, incurred debt or owed a medical debt with the goal of filing bankruptcy.  Time and time again, I find that people want to avoid bankruptcy and, in the process, make the m...

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What do I do in bankruptcy if my house or car is worth less than what I owe?

Redeem, Reaffirm or Cram Down the value to keep your secured property. Often clients will ask me what the can do to keep their car or house in bankruptcy when there is a secured loan.  Often, the loan on the home or car is a big part of the financial difficulties that my clients are experiencing.  Many people want to keep ...

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Will Bankruptcy Affect Credit Score?

Many people facing financial difficulties are concerned about their credit score and want to know will bankruptcy affect credit score.  Filing Bankruptcy often can have positive effects on your credit score. Admittedly, your credit score will often go down initially in the range of 150 to 250 points sometimes. However, a bankruptcy ...

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Judgment Ordered, What Happens Next?

Not that long ago, I had a client call me and a collection lawsuit had been filed against her.  She did not know what to do.  We discussed the debt and she admitted that she owed the debt.  She did not know what would happen next.  We discussed that it would be a waste of her limited money to pay me to defend a valid claim and so...

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Should I file bankruptcy?

Should bankruptcy be filed is a question that many consider every day just as we have heard about the United States debt issues over the last several months. At the last minute the United States has avoided the and, sadly, in doing so most people will experience because of our Congress’ negotiated deal. The United States has the m...

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Rebuild your credit score without delay after filing bankruptcy

Crushing and uncontrollable debt can make your life truly miserable. Things tend to get worse when you can’t make the best use of proper debt relief solutions. It is then that you decide to . In bankruptcy, you become part of a proceeding in the federal court. The proceeding leads to the liquidation of your assets and you’re no l...

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Mortgage After Foreclosure, Bankruptcy and Short Sales

Mortgages and are significant issues for my debt clients that are facing foreclosure, bankruptcy or considering a short sale for their home.  When one of these events happen, there are general rules of thumb of what will happen if you seek a mortgage and when you might be able to qualify for a mortgage. results in the longest waiti...

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What Happens To My Tax Refund in Bankruptcy?

At the beginning of the year, clients always ask bankruptcy attorneys what will happen to their tax refund in .  The answer is “it depends”. There are a number of factors to be considered about a tax refund in bankruptcy.  A tax refund if it is still owed to you at the time of filing is consider...

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Bankruptcy Counseling: Why is it essential for the petitioners?

Are you skeptical whether you can complete the bankruptcy counseling session? If so, then you can get detailed information on bankruptcy counseling from this article. However, the bankruptcy law compels the consumers to get financial education course before they  and discharge their debts. Generally, a pre counseling session helps ...

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