By Cathy Moran, California bankruptcy lawyer on Jan 28, 2007 in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy Information | 0 Comments
One of the myths that circulates about bankruptcy is that you lose everything you own when you file bankruptcy. Not so! One of the basic ideas of debtor/creditors rights in this country is that, no matter how much they owe, debtors can retain certain property for basic living or a fresh start. [...]
Popularity: 2% [?]
By Chip Parker, Jacksonville Bankruptcy Attorney on Jan 28, 2007 in Florida, Protecting Assets In Bankruptcy | 1 Comment
In honor of this fantastic new site and my 15th year of practicing bankruptcy law, I decided to address the most dreaded question facing bankruptcy attorneys:
How will the trustee know?[1]
The short answer is that the trustee probably won’t, BUT . . .
If you liked that post, then try these…Your Bankruptcy Lawyer Is Your Friend! by Kevin [...]
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By Brett Weiss, Maryland Bankruptcy Attorney on Jan 28, 2007 in General Bankruptcy Information, Maryland | 1 Comment
Everyone has seen the ads on TV: “Erase your debt,” “Clean up your credit,” “Save your house from foreclosure,” and so on. If you’re having financial problems, they sound pretty good—an easy way to get back on track. But do they really work?
Well, like diet ads that promise you can eat all you want and [...]
Popularity: 2% [?]
By Brett Weiss, Maryland Bankruptcy Attorney on Jan 28, 2007 in Automatic Stay, Bankruptcy Practice and Procedure, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Reports, Discharge, What Can and Cannot Be Forgiven, Foreclosure Issues, General Bankruptcy Information, Maryland, Personal Finance, Protecting Assets In Bankruptcy, Surrendering Property | 1 Comment
Scroll down to read them all:
Myth 1: Under the New Bankruptcy Law, There’s No More Bankruptcy
Myth 2: Everyone Will Know You Have Filed for Bankruptcy
Myth 3: You Will Lose Everything You Have
Myth 4: You Will Never Be Able to Own Anything Again
Myth 5: You Will Never Get Credit Again
Myth 6: Filing Bankruptcy Will Hurt Your [...]
Popularity: 5% [?]
By Brett Weiss, Maryland Bankruptcy Attorney on Jan 28, 2007 in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy Information, Life After Bankruptcy, Maryland | 2 Comments
Dalton Camp proclaimed several years ago that, “having lost its value, money may no longer be the root of all evil; credit having taken its place.” This statement demonstrates the paradox of modern day religion and debt—should our reaction be one of condemnation or one of compassion. Since many recent respected [...]
Popularity: 3% [?]
By Andy Miofsky, Illinois Bankruptcy Attorney on Jan 28, 2007 in Credit Reports, General Bankruptcy Information, Illinois | 1 Comment
Yes. You still owe the charged-off debt. Many people mistakenly believe a creditor does not want to collect a charged-off account. Wrong-o! A charge off is merely a bookkeeping entry. It does not affect your obligation to pay. When it becomes apparent to your creditor that you are not paying and are not going to [...]
Popularity: 4% [?]
By Andy Miofsky, Illinois Bankruptcy Attorney on Jan 28, 2007 in General Bankruptcy Information, Illinois | 0 Comments
A Debt is a legal the amount of money owed to the owner of the obligation, usually a Creditor. Debt predates the filing of a Bankruptcy case and remains in existence throughout and after a case. The Claim exists only in the context of the bankruptcy case. It is a manifestation of the amount of [...]
Popularity: 2% [?]
