By Susanne Robicsek, North Carolina Bankruptcy Attorney on Apr 12, 2007 in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy Information | 2 Comments
Many people call and say they aren’t really sure if they should be talking to a bankruptcy lawyer since they are making all their monthly payments on time, and their credit rating is good. If you are making payments and have good credit, that doesn’t mean that bankruptcy is not an option for you.
If you [...]
By Jay Fleischman, New York Bankruptcy Attorney on Apr 12, 2007 in General Bankruptcy Information, Mortgages, Personal Finance | 0 Comments
WASHINGTON, April 12 /PRNewswire-USNewswire/ — Bankruptcy law changes are needed if hundreds of thousands of American families struggling with abusive subprime mortgages are going to escape foreclosure and the loss of up to $164 billion in home-based wealth, according to a joint call for Congressional action issued today by the National Association of Consumer [...]
By Cathy Moran, California bankruptcy lawyer on Apr 12, 2007 in California, General Bankruptcy Information, Protecting Assets In Bankruptcy | 0 Comments
California adjusted upwards its state law exemptions that determine what a judgment debtor or bankruptcy filer can keep, free from claims of creditors. This increase comes at the same time as the dollar amounts in the Bankruptcy Code were adjusted for increased cost of living.
California has “opted out” of the use of the federal [...]
By Däna Wilkinson, Attorney at Law on Apr 12, 2007 in Chapter 7 Bankruptcy, General Bankruptcy Information, Reaffirmation of Debts, South Carolina | 0 Comments
Bankruptcy operates to discharge your personal liability for debt (with a few exceptions). Liens, such as home mortgages and the lien on your car, survive bankruptcy. In a Chapter 7 case, the trustee will determine whether your home, car, or other asset is worth more than your exemption and any liens. If there is [...]
By Chip Parker, Jacksonville Bankruptcy Attorney on Apr 12, 2007 in Benefits of Bankruptcy, Discharge, What Can and Cannot Be Forgiven, Florida, General Bankruptcy Information, Personal Finance, Tax Issues | 3 Comments
In light of the recent news that Sallie Mae, America’s largest student loan provider, fraudulently provides monetary incentives to schools pushing their student loans, it makes one wonder why loans from this company, and other student loan companies are (a) guaranteed by the U.S. Government, (b) given extraordinary collection powers and (c) are virtually non-dischargeable [...]
By Andy Miofsky, Illinois Bankruptcy Attorney on Apr 12, 2007 in Benefits of Bankruptcy, Discharge, What Can and Cannot Be Forgiven, General Bankruptcy Information, Illinois | 0 Comments
Yes, and if you are like many of my Illinois clients, you may be experiencing usually high and unfair electric bills from Ameren Illinois companies.
Thanks, but no thanks, to deregulation of the Illinois electric utility industry, Ameren purchases power through a “reverse auction” devised by the Illinois General Assembly. Normally an auction is designed [...]
