Credit scores don’t amount to too much in the long run. You shouldn’t worry excessively about them.
September 2009
Recently, I have been receiving a number of calls from people whose bankruptcy case has been dismissed or is about to be dismissed and he or she doesn’t understand what that means. First, the automatic stay that was imposed when you filed your bankruptcy petition is no longer in effect. This means that your creditors [...]
“You don’t need to force judicial mortgage modification on us, we will voluntarily modify mortgages, lower interest rates, do what it takes to keep people in their homes! We do not want to foreclose!” So the mortgage companies screamed to the politicians and the public, holding press conferences to announce the billions of dollars they [...]
On September 15, 2009, the Ninth Circuit Court of Appeals issued its ruling in Dumont with a split 2 to 1 decision, holding that “Ride Thru” is no longer an option in the Ninth Circuit as a result of the new Bankruptcy Laws enacted under BAPCPA. In doing so, it overturned its previous Parker decision, [...]
The best way to stay out of debt is to refuse unsolicited credit offers. Be they blank checks or credit card applications, just say no. Tear up the envelope before you open it. I received a letter from American Express. Printed on the outside is ” You’ve been selected”. To me, that means I have [...]
From time to time I receive emails from men or women who have gone through a divorce and whose ex-spouse has filed a bankruptcy. They usually want to know if their ex-spouse’s bankruptcy can eliminate obligations set out in a divorce order. In general, Bankruptcy Code Section 523(a)(5) and 523(a)(15) except from discharge debts arising [...]
