Ruthless Defaulters is the name banks give to the increasing population of credit card account holders who purposely refuse to pay the bill, so says David Streitfeld in the NY Times story, When Debtors Decide to Default. And these defaulters are finding support from others consumers who are just beginning to understand high interest rates [...]
July 2009
If you are planning on filing Chapter 7 bankruptcy, you probably know that most of your debts will be discharged. There are some debts, though, that bankruptcy will not erase. Most notably, in many instances, you will still retain student loan debts. This can prove to be a quite a challenge, especially if you owe [...]
This question is asked more times in my bankruptcy office than I can count. I am sorry to say that you do have to include your car, your House, your wedding ring and all your other property in your bankruptcy. My clients then tell me their friend didn’t include their car or their house. I’d be [...]
If you are looking into bankruptcy you have probably heard about having to “pass the means test”. OMG, you might be thinking, do I have to take a test in order to even file? Where do I get the list of what to study?!? If I fail, can I retake the test? Don’t worry about [...]
What do you do when you get a mortgage foreclosure notice? More and more people every day are experiencing one of the most unsettling things that can happen in your financial life. People who never expected to have to deal with such a thing are faced with a new reality. So, what do you do? [...]
Lately you can’t turn on your TV or radio without hearing new car dealers ads for the federal government’s “cash for clunkers” program, officially re-named “Car Allowance Rebate System,” or CARS, an effort to stimulate new car sales while getting a few old gas guzzlers off the roads. But don’t get scammed; there are some [...]
