If your car is repossessed before you file a chapter 13 bankruptcy case, you want it back. You want a chance to make your payments. In most of the country, if the car is repossessed before chapter 13 bankruptcy, the lender has to give it back so you can have your chance to keep your [...]
May 2009
I’m not filing bankruptcy on my motorcycles. Some debtors believe that if they file a bankruptcy case, they get to keep all their property. That’s not true. A debtor in chapter 7 gets to keep his or her exempt property. However non-exempt property could be sold by the trustee to pay creditors’ claims. A debtor I know [...]
A recent Wall Street Journal article concludes that homeownership has not been a particularly good investment. Â According to article, the rate of return on residential real estate has been much less than the rate of returns on even a safe investment like a treasury bill taking into account rates of return over the past 20 [...]
The greatest mistake most people make with their finances is to set goals and plan. In a family situation, that problem is made worse by failing to set mutual goals. If one spouse has a goal of buying a great bass boat and the other spouse is working towards a new house, the goals will [...]
Camping just may be your answer for a family vacation during a recession. One of the stressors that I see in clients right now results from people not being able to go on a vacation. For many vacation has always been a fantasy and not just during this recession. Camping just maybe the answer for [...]
The South Carolina Supreme Court has issued an administrative order that establishes a procedure which delays foreclosure sales in pending cases until HAMP applications can be processed where the mortgage is subject to HAMP, requires lenders to notify the court when HAMP applies in new cases, and allows foreclosure to proceed where loans are not [...]
