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Archive for April 10th, 2007

Do I Have To File On Everything In Bankruptcy? »

Most people who file bankruptcy want to get rid of some of their debts, but not necessarily all of them. For example, many people want to keep a favorite credit card but get rid of the high interest cards. Or, they want to keep paying on their car or their house. In [...]

Can the Chapter 7 Trustee Seize Your Home if the Home’s Value Increased After the Bankruptcy Filing? »

Aggressive actions by Chapter 7 trustees in cases filed in the Northern District of Georgia have led me to change what I tell clients about post-filing financial activities.  One of these cases involved the son of one of my clients and may cost my client many thousands of dollars.
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Bankruptcy Basics: What is a Trustee? »

When a person files for bankruptcy, an estate is created–almost the same as if the person had died. Everything that the person owns becomes part of the estate. The estate now needs a manager, just like a probate estate has a manager (the executor/personal representative). A bankruptcy estate [...]

Of Don Imus, Debt and Pride »

As almost the entire world knows now, Don Imus, the radio talk show host, insulted the Rutgers University women’s basketball team last week. The insults were racist, childish and mean-spirited. And whether Imus retains his job is an open question. But what the heck does this have to do with a blog [...]

How Quickly Does Identity Theft Wreck Your Credit? »

Check out this video from NBC’s Dateline. From the the time the “to catch an ID thief” team posts the credit card information to the time the card is maxed out is 13 minutes for the first and under 2 minutes for the second.

If you liked that post, then try these…So What is Not [...]

Can A Creditor Force Me Into Arbitration Over My Debt? »

You receive credit card statements for bills you cannot pay. Two, three, four or more arrive every month. They are followed by important looking envelopes containing collection letters from attorneys or debt collectors. Sometimes you receive two or more on each account. The mail piles up, along with the power bills and the car payment [...]