My son uses his debit card to pay for most everything and doesn’t write checks. Yet, he kept getting overdraft notices from the bank. What we soon discovered was that the bank was letting charges go through even though he didn’t have enough money in his account to cover the purchase. And, of course, they [...]
March 2009
Are you as sick as I am receiving numerous credit card offers everyday in the mail? I used to mail back the prepaid envelope to the credit card company just to cost them the postage on the envelope – until they started using barcodes on the envelopes and I was afraid they would track it back to [...]
In determining when to file a bankruptcy consideration should be given to whether you have made any transfers which can be reversed. In certain situations the Trustee or a Creditor may be able to recover property or money that has been transferred and have those assets brought back into the bankruptcy estate to be available [...]
Massachusetts Bankruptcy Judge Rosenthal issued an opinion recently in the case of In re Boule, No. 08-43199-JBR (March 18, 2009). The United States Trustee moved to dismiss the case because the debtor’s income and expense schedules indicated that he had more than $900 left over each month to pay creditors. The debtor responded that, since [...]
You’ve gotten some information about bankruptcy and you think that you need to file. But are you really ready? Do you have the documentation that your attorney will need? Keeping in mind that practices vary across the country, this post will discuss some of the basic documentation you will need for your attorney so that you avoid [...]
Yes, consider bankruptcy when you cannot pay your bills on time, says Illinois bankruptcy lawyer Andy Miofsky. “Bankruptcy is a straightforward and simple analysis”. When you check reality, either you can pay your bills, or you cannot. Often people try to cash in whatever assets they have in order to keep the collection wolves at [...]
