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Archive for September 1st, 2007

Bankruptcy Basics: Why Does a Debtor Have To Take Credit Counseling Before Filing Bankruptcy? »

In 2005, Congress adopted the Bankruptcy Abuse Prevention and Consumer Protection Act.    That Act, under review and consideration by Congress for over 8 years, imposed new restrictions on filing bankruptcy for consumers (there is actually very little consumer protection within the Act).   A new definition was placed within the Act for who could be a [...]

Consumers: Beware The Time Share! Part Two. »

In Part One I started to tell you about my experience with a Time Share sales presentation, the sales tactics and the high “guaranteed” interest rates.
In this part I will tell you about the extra (hidden) costs of the time share.
If you liked that post, then try these…Juvenile Restitution Discharged in Chapter 13 Appeals Court [...]

Worried About the “Means Test?” Take Care of Yourself First. (Part Two) »

In the first installment, we reviewed various expenses folks often reduce in order to pay bills. However, the bankruptcy means test is designed to encourage folks to take care of themselves instead.
It is not simply skimping on necessities like health care that should stop. There can be broader long-term needs you are encouraged [...]