September 2009

Lower Credit Card Interest and Balance to Avoid Default

by Andy Miofsky, Illinois Bankruptcy Attorney

Negotiate a lower payment on your credit card.  Call customer service and ask for a better rate.   “Just work with me.”  These proven common sense tips could save you money on your credit card accounts and help you avoid bankruptcy. More than one out of 10 accounts went 6 months in default last month [...]

Credit Reports Before You File Bankruptcy

by Bankruptcy Law Network

I insist that I see my clients’ credit reports before every bankruptcy I file.  I prefer to see all three credit reports  as they contain valuable information that can help us prepare a better bankruptcy and determine if a bankruptcy is possible.  The information  contained about an individual’s debts and assets on the reports are [...]

Negoitiate A Better Credit Card Rate

by Andy Miofsky, Illinois Bankruptcy Attorney

Here is a tip I picked up from Jacksonville FL bankruptcy lawyer Bobby Shinedown Wilbert that could save you thousands of dollars on your credit card debt.  Call your credit card bank and ask for a lower interest rate and a lower principal balance.  You might get a zero interest rate if you are willing [...]

Is Filing Bankruptcy a Sin?

by Kurt O'Keefe, Attorney at Law

Chapter 7 bankruptcy discharges debts, wipes them out. We have all been taught to pay our bills. We are told it is wrong not to pay back what we have borrowed, used, spent, money that we promised to repay when we borrowed it. This is the message of our culture, whether it was money to [...]

Upside Down Car Loans Protected in 8th Circuit

by Wendell Sherk, Missouri Bankruptcy Attorney

The Eighth Circuit ruled this week that certain types of car loans are protected from “cramdown”  in the Chapter 13 bankruptcy process, reversing decisions in Eastern Missouri. Agreeing with its sister circuits which have addressed this issue, the Midwestern federal circuit court of appeals concluded that loans made during the 910-day period prior to a [...]

Is it Safe to Fly on an Airline that is in Bankruptcy?

by Andy Miofsky, Illinois Bankruptcy Attorney

Pay attention to these 5 tips to safely fly on an airline that is in bankruptcy. During the past 8 years these airlines filed bankruptcy: Aloha Airlines, America West, ATA Airlines, Braniff International, Continental Airlines, Delta Air Lines, Eastern Airlines, Frontier, Hawaiian Airlines, Northwest Airlines, TWA, United Airlines, and US Air. You can expect more [...]