Too many of my bankruptcy clients tried to avoid bankruptcy by working with a “Debt Settlement Company”. Only after they paid out thousands of dollars, saw their credit scores plummet, and got served with lawsuits, did they come to see me about bankruptcy. Much has been written about the dangers of working with Debt Settlement companies, [...]
June 2009
Filing for bankruptcy can be confusing, especially when you don’t have all of your documents prepared. Learn more about what documents you need to have on hand when you meet with your bankruptcy lawyer by listening to this audio segment. [audio:http://www.bankruptcylawnetwork.com/wp-content/uploads/2009/06/what-documents-do-i-need-to-have-to-file-for-bankruptcy.mp3] »crosslinked«
Your homestead exemption is one of the most important benefits you get when you file for bankruptcy. It protects your residence. In New York, you can protect up to $50,000 of equity in your home, $100,000 if you file together with your spouse. You usually get to take the homestead exemption if the property is [...]
As my friend and colleague, Cathy Moran explained in her blog over a year ago, the benefits of filing a bankruptcy mean that the debtor provides information to the bankruptcy court in the papers filed with the court. This benefits the debtor more than the Court–this honesty. For full disclosure, the debtor is able to [...]
If 2nd Circuit Judge Sonia Sotomayor gets to sit on the US Supreme Court, she will likely give all parties a fair opportunity to be heard, and ensure that the rights of all parties, debtors and creditors alike, will be respected. This is the prediction from the Alliance for Justice “Report on Supreme Court Nominee [...]
You might think that bill collectors are good for nothing. After all, they drive many of us crazy with their harassing phone calls and letters. But bill collectors are not all bad all of the time. At least not yesterday, when a bill collector saved a Victorville, California woman who was being held hostage in her home by [...]
