Potential client calls about possible bankruptcy as alternative to borrowing $17,000, yes, seventeen thousand dollars, from his credit card, to take to his closing to sell, not buy.
Must have been a low offer, you say. No, offer was for the full asking price.
So how does he lose money on the sale?
The miracle of [...]

In Part 1, we looked at redemption as a way to keep your car in a Chapter 7 bankruptcy.  In this part, we will look at reaffirmation agreements.
A reaffirmation is an agreement to keep making the payments under the contract.  The catch with those arrangements, however, is that if you fail to make a payment, [...]

Last month, we discussed the risk of losing a car in Chapter 7 if the bank fails to properly record their lien. In Chapter 13, the result is often different — and good for the debtor.
If a car lender fails to record its lien properly under your state’s laws, then it won’t have a [...]

Most people are familiar with Chapter 7 and Chapter 13 bankruptcies. Many know that corporations file Chapter 11’s. But there are three other chapters of the Bankruptcy Code that very few people are familiar with—Chapters 9, 12 and 15.
If you liked that post, then try these…Student Loan Discharge Tragedy by Kent Anderson, Oregon Bankruptcy AttorneyAppeal [...]