By Brett Weiss, Maryland Bankruptcy Attorney on Jul 5, 2007 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, Consumer Protection, Foreclosure Issues, General Bankruptcy Information, Maryland, Mortgages, Protecting Assets In Bankruptcy | 0 Comments
In recent years, many people have refinanced their homes with various types of non fixed-rate mortgages. These include interest only loans, “exploding ARMs,” and other types of loans that have a significant downside: after a relatively short period (usually two years) of low interest rates and payments, the rate skyrockets, and so does your payment.
I [...]
Popularity: 4% [?]
By Jay Fleischman, New York Bankruptcy Attorney on Jul 5, 2007 in Consumer Protection, Debt Collector Abuses, Personal Finance | 0 Comments
“It’s 4 A.M., do you know where your car is?” No, I’m not talking about the movie, “Repo Man.” Apparently, repossessions are up - way up. According to a recent article on MSN Money, car lenders have been extending riskier loans over the past few years. Now, it’s coming back to [...]
Popularity: 4% [?]
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Jul 5, 2007 in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy Information, North Carolina | 0 Comments
When you file for bankruptcy, you will be required to report all income for the year you file, and the two years before.
You will have to provide exact figures of your gross income for six months before filing. This is true whether you file for Chapter 7 or Chapter 13 bankruptcy.
If your income is [...]
Popularity: 2% [?]
By Peter Orville, Attorney at Law on Jul 5, 2007 in Benefits of Bankruptcy, Debt Collector Abuses, General Bankruptcy Information, Personal Finance, Protecting Assets In Bankruptcy, Role Of The Lawyer, Tax Issues | 0 Comments
After filing thousands of bankruptcy petitions over the past 17 years, I have found that almost nobody WANTS to file bankruptcy. Although there is a popular myth that people who file bankruptcy see it as an easy way out of their financial problems, the reality is that most people do everything they can to [...]
Popularity: 3% [?]
By Jonathan Ginsberg, Atlanta Bankruptcy Attorney on Jul 5, 2007 in Chapter 7 Bankruptcy, Debt Collector Abuses, General Bankruptcy Information, Georgia | 0 Comments
What happens if you leave a creditor off your bankruptcy petition? This situation happened to a gentleman named Rob, who wrote me the following:
I filed for chapter 7 bankruptcy in 2005 and the case was discharged on 11-23-2005. I’ve been sued by a company called XYZ Capital Acquisitions for a debt of $2771 that [...]
Popularity: 3% [?]
By Wendell Sherk, Missouri Attorney on Jul 5, 2007 in Bankruptcy Cases of Interest, Bankruptcy Practice and Procedure, Chapter 7 Bankruptcy, Missouri | 0 Comments
In a previous note, I discussed how a bankruptcy debtor is obligated to assist the trustee in liquidating non-exempt assets for the benefit of creditors. As I pointed out before, the court could deny or revoke your discharge if you don’t. The Tenth Circuit Bankruptcy Appellate Panel also points out another downside of failing [...]
Popularity: 2% [?]
By Chip Parker, Jacksonville Bankruptcy Attorney on Jul 5, 2007 in Florida, Foreclosure Issues, General Bankruptcy Information | 0 Comments
Whether or not you believe homeowners are ever “victims” in foreclosures, there is little doubt that abandoned pets are always victims, and once again, average Americans are left to pay the bill.
As reported by Maya Roney of BusinessWeek, homeowners abandoning houses they can no longer afford are frequently leaving behind squalid conditions and pets that [...]
Popularity: 3% [?]
