Everyone has seen that TV commercial for FreeCreditReport.com and its catchy jingle. We all know that we can get a free credit report pursuant to Federal Law by going to www.annualcreditreport.com. And some of us have heard about Chex Systems,a company that keeps track of how well or poorly you manage your checking account. Many [...]
May 2009
On February 24, 2009, Judge Dabrowski of the U.S. Bankrupcy Court in Connecticut ruled that a car may be surrendered toa creditor in a bankruptcy case to satisfy a car loan that is less than 910 days old. Well, there’s a mouthful. In short, 910 car claims are given special treatment in bankruptcy. In a [...]
 . Bankruptcy is confusing, and many people don’t understand the different options available. One of the most common questions asked is “What is the difference between the types of bankruptcy?“ There are actually two types: reorganization/repayment plans and liquidation/straight cases. When people ask about the different types, what they usually mean is “What is [...]
Do you have any equity left in your house? If you are one of the lucky ones who do, the temptation to pull out what little value left in your home may be great. You may have lost income or some bills have grown to large to manage. But resist the urge to refinance now [...]
Question: When is it a good idea to hide from your lawyer, refusing to return his calls and ignoring a pending court date? Answer: never. I experienced this situation last week in a case involving a Chapter 13 client who had completed almost 4 1/2 years of a 5 year plan, then ended up with [...]
Lenders have come up with a lot of products that have turned out to be bad news for consumers-exploding ARMS, payment option loans, just to name a couple-but the one I heard about this weekend may have far greater negative potential for consumers than any of the others. Bank of America is offering some of [...]
