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 ...

Read More

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...

Read More

What happens to a Land Contract Purchase of Real Estate when the Purchaser files for Bankruptcy?

When a property is purchased on contract, land contract or some other form of agreement where the purchaser is renting to own real estate and the purchaser files for it can leave the seller in a precarious position. One of three things is likely to happen depending on the circumstances: First, the seller may file a Motion for Relief...

Read More

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...

Read More

Why did my Paycheck go down?

     Even in our office, the question has been raised of “why did my paycheck go down this month”.  The reason is political and I certainly would not even try to explain the political wrangling that occurred, but the short answer is that the law that permitted employers to reduce FICA withholding from employee’s paychecks ...

Read More

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...

Read More

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...

Read More

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 ...

Read More

How much does it cost to file bankruptcy

How Much Does It Cost to File Bankruptcy? What are Normal Fees for an Attorney? When it is apparent that you need to file bankruptcy, the first question I am asked is how much does it cost to file bankruptcy.  When money is tight, this is a reasonable question; however, seeking the "cheapest" bankruptcy attorney is a mistak...

Read More

Bankruptcy vs. Debt Settlement

There are a number of questions and concerns that clients must consider when thinking bankruptcy vs. debt settlement.  As an Indiana bankruptcy attorney, Jason Wischmeyer, has addressed these questions many of times and has helped clients with both bankruptcy and debt settlement based on their situation.  Bankruptcy vs. debt settle...

Read More
close
Facebook IconTwitter IconVisit Our BlogVisit Our BlogVisit Our Blog