You need to file bankruptcy because you can’t keep up with the payments on your debts. You’ve managed to keep one of your credit cards current, and you have decided that you want to keep that card. You ask, should I leave that credit card off my list of creditors?
The answer is that [...]

Do not think that the judge will automatically extend the automatic stay because they are good people.  The judge is not there to give sympathy he/she is there to decide issues of law solely.   You are presumed to have filed the second case in bad faith. It is your job to prove to the judge [...]

The automatic stay in bankruptcy is a magic shield that instantly comes down around you when you file bankruptcy. Think of it as a shield against garnishments, foreclosures and collection actions. Under 11 USC 362 this shield comes down automatically when you file your bankruptcy case and generally lasts until the discharge. However there are [...]

It sure can get confusing to Google either phrase in this title.  And it gets even more confusing to look into the services that are offered by the “hit” companies. 
Loss mitigation can be a valuable service, where a mortgage lender works with you to avoid foreclosure,  Perhaps the missed payments are added to the end of the [...]

When you file for bankruptcy, you are discharged of all of your personal liability for your debts so you can get a fresh start. 
In exchange for your discharge, in Chapter 7 bankruptcy you give up all of your assets;  well not everything, but everything over the amount you can keep.  So the question people have [...]

Congratulations! You’ve completed your bankruptcy case and received a discharge. Now you can go on with your life.
Or can you?
If you liked that post, then try these…New Bankruptcy Laws: File By The End Of The Month or Start All Over! Part 2 of 2. by Michael DoanWhy Do I Still Get [...]