The easiest month to file bankruptcy is July. Consumers filing bankruptcy under Chapter 7 or Chapter 13 need to complete a Means Test of average income derived during the last six months. If you file in July, you need to look at your income during the first six months of the year – January through [...]
July 2009
Thinking about filing bankruptcy? Wondering if you should just take money from your pension to pay debt? Don’t do it until you watch this video. LinkedTube
Frequently, they are junk fees, so the mortgage servicer can make more money off of you. Kirsti Marohn of the St. Cloud Times wrote a story explaining how the mortgage servicer benefits from screwing up your records so they can charge added fees onto your mortgage. Mortgage servicers service your mortgage, but they are hired [...]
In Chapter 13 bankruptcy, creditors are normally not allowed to call, write, bill, or otherwise contact you. You are protected by the automatic stay in your bankruptcy case. But if you see a creditor’s number come up on your caller ID, don’t ignore it. They will keep calling and calling until they get some type [...]
Protection of your assets is one of the most important reasons to file for bankruptcy. There are some people who say that if you don’t have anything, you don’t need to file for bankruptcy but that isn’t necessarily true. Even if you don’t have any assets now, filing a Chapter 7 or Chapter 13 can [...]
Mortgage loan modifications are dropping, according to a July 5, 2009 article in the New York Times, Alan M. White, an assistant professor at the Valparaiso University law school in Indiana, analyzed data on 3.5 million mortgages written in 2005 through 2007. These mortgages are serviced by five of the nation’s largest loan servicing companies, [...]
