By Wendell Sherk, Missouri Attorney on Aug 1, 2007 in Missouri, Protecting Assets In Bankruptcy | 0 Comments
Financing a car means you agree to give the bank a lien on the car to secure payment. It is sometimes important to be sure the bank filed its lien in the right way in your state if you want to keep the car in bankruptcy.
Assuming you are keeping up on the payments, you [...]
Popularity: 5% [?]
By Eugene S. Melchionne, Connecticut Bankruptcy Attorney on Aug 1, 2007 in Connecticut, Financial Resources on the Web, Personal Finance | 0 Comments
Hooked on credit cards? Most people calculate their minimum monthly payments when deciding to make a new purchase and fail to take into account the accumulating interest on those accounts. The time to pay off a $5,000 balance at the minimum payment amount on a credit card can take over 20 years!
Credit card [...]
Popularity: 2% [?]
By Cathy Moran, California bankruptcy lawyer on Aug 1, 2007 in General Bankruptcy Information | 0 Comments
The “good customer” for the credit card companies is one that doesn’t pay his bills. Hasn’t the world changed? Issuers of revolving credit make more money when the borrower makes the minimum payment and is in debt for the foreseeable future.
The director of the documentary Maxed Out put it this way in Kiplinger’s:
lenders discovered years [...]
Popularity: 2% [?]
By Wendell Sherk, Missouri Attorney on Aug 1, 2007 in Missouri, Protecting Assets In Bankruptcy | 0 Comments
A bankruptcy trustee can unwind transfers you make before bankruptcy and get property for the estate. And you can exempt property from the estate for your own use. So does that mean you can exempt and keep things the trustee recovers?
That can depend on whether you gave the property away voluntarily or not. [...]
Popularity: 2% [?]
By Kurt O'Keefe, Attorney at Law on Aug 1, 2007 in General Bankruptcy Information | 0 Comments
Your bankruptcy attorney told you, once the bankruptcy court issues your discharge, the creditors have to leave you alone.
And the collection agency, credit card company, finance company or bank is still harassing you anyway! Or the predatory mortgage company added charges, even though you made all your payments on time.
Under the new law, you [...]
Popularity: 2% [?]
By Andy Miofsky, Illinois Bankruptcy Attorney on Aug 1, 2007 in Bankruptcy Practice and Procedure, General Bankruptcy Information, Illinois, Reaffirmation of Debts, Redemption of Assets, Surrendering Property | 0 Comments
Chapter 7 and Chapter 13 offer differing treatment of cars that have been repossessed before bankruptcy.
In chapter 7 you are faced with three options. One, you can ask the creditor to reaffirm the loan. This option requires Court approval and requires you to immediately pay in full the delinquency and to continue making [...]
Popularity: 11% [?]
