If you’re thinking about filing Chapter 7 in New York, you’ve probably wondered whether or not you will get to keep your car after you receive your discharge. If you’re like most of us, you’ll still have a job to go to every day, so you’ll need a means of transportation to get there. It’s [...]
May 2009
The bankruptcy court charges a fee of $274 for a Chapter 13 Bankruptcy and $299 for a Chapter 7 Bankruptcy. Credit counseling costs approximately $50 and it costs another $20 or so for the financial management course the debtor is required to take in order to qualify for a discharge. Then, there is the attorney [...]
The Credit Cardholder’s Bill of Rights has passed the House of Representatives and is on its way to the Senate. This bill will limit the amount of interest credit card companies can charge; force the credit card industry to disclose how much they do charge; and provide consumers with appropriate information as to the way [...]
Debt collector threats are largely just that: threats. The credit card collector calling you on the phone has only three tools to make you give him money that he can’t otherwise get without spending lots of time and money in a lawsuit. What are those tools? They are all in YOUR head: fear, shame, and [...]
What could be wrong with this? Your mother conveys her home to you, and you let her live there for the rest of her life. No need to pay an attorney. “Gotcha”, says the trustee. A bankruptcy trustee takes over control of your assets, and may well threaten to evict your mother so rent can [...]
Technically yes. Debtors are frequently surprised to find that they are still personally liable for HOA fees after filing for bankruptcy, even though they have moved out and for all intents and purposes made known their intent in the bankruptcy that they are surrenderingtheir property back to the bank. Such liability is the result of [...]
