One of the most intimidating aspects of bankruptcy, and one that keeps many people from filing, is the fear of what happens after you file. The following are some of the many positive outcomes that result from filing for bankruptcy: The phone will stop ringing from collection calls and creditors will stop harassing you. Creditors, who continue [...]
December 2008
Given the current credit market, it may be more difficult to get an income tax refund anticipation loan…and that is not such a bad thing. See Income Tax Refund Anticipation Loans–Is the Benefit Worth the Cost. Check out this video regarding Income Tax Refund Anticipation Loans by Mark Huffman of consumeraffairs.com. In summary, when [...]
With holiday sales down for most retailers, the media is full of reports of possible Chapter 11 filings, or even liquidations. So what happens with those Chapter 11 reorganizations, and why not just liquidate? There are many possible benefits for any business, whether a big box, or a mom-and-pop store. Debt, including payments to be [...]
A few days ago, I posted on this blog an article entitled “Should I Prepare and File my Chapter 7 Without an Attorney?“ In this post, I responded to an email inquiry from a reader of my Atlanta bankruptcy blog who wanted information about filing pro se. As you might imagine, I get a lot [...]
The following are some resolutions for those of us in debt. Each one is linked to an article found on the pages of www.debtlawnetwork.com, www.creditlawnetwork.com, www.mortgagelawnetwork.com, or www.bankruptcylawnetwork.com. 1. Don’t gamble http://www.debtlawnetwork.com/gambling-doesnt-solve-debt-problems/ 2. Don’t sign up with a “Debt Settlement” company http://www.debtlawnetwork.com/handling-debt-collectors-be-careful-when-choosing-a-debt- 3. Don’t shop on QVC http://www.debtlawnetwork.com/qvc-equals-debt-not-friendship/ 4. Manage your time well, especially if [...]
Seeing a good bankruptcy attorney is not the same as filing bankruptcy. Getting the advice and counsel of a knowledgeable bankruptcy lawyer is getting yourself a fresh and experienced set of eyes to review with you the specifics of your unique situation. Most good bankruptcy lawyers would rather tell you why bankruptcy is not for [...]
