During the course of an intake interview a new client posed the following question to me – “I have only two payments left on my car. Should I pay it off prior to filing for bankruptcy?” Logically, paying off a car prior to filing would seem to make sense. In a Chapter 7, you can [...]
February 2007
A recent e-mail I saw had a subject header that really surprised me: “Bankruptcy Won’t Stop Foreclosure For Troubled Borrowers.” Now, since I’m a bankruptcy attorney, spend most of my day filing Chapter 13 cases for clients to stop foreclosures, and actually have stopped thousands of foreclosures for clients over the years, I was a [...]
The bankruptcy schedules require the person filing bankruptcy to list all of their “property.” Most honest debtors have little trouble with listing houses, cars, and household goods. Property also includes bank accounts, investment accounts, IRA’s, and insurance policies, things with less of a tangible nature, but still things we deal with every day. What even [...]
It’s all too easy to get caught up in online shopping. Certainly I’d be hardpressed to think of another development that’s been more revolutionary for today’s busy families. But as this article from MSN Money makes clear, there are some real traps that have been laid for the unwary shopper by the online versions of [...]
No one wants to file bankruptcy. Â Most people who come in for legal consultations with me will have actively tried to avoid filing bankruptcy for about 3 years; Â some more/some less. It is fine to consider non bankruptcy alternatives for debts, but it is a good idea to get legal advice early on; when you [...]
This is a companion post to Use Credit Freeze to Protect Yourself From Identity Theft. Identity theft and credit fraud can destroy a person’s hard earned credit score. One way to combat this is by requesting a credit freeze from each of the major credit bureaus. However, in her article on Experian’s website, Maxine Sweet, [...]
