If you have filed for bankruptcy before, you may be able to file again if you need to. But, to determine if you can get another discharge in bankruptcy, you need to know the petition date and chapter of your previous case. There is a myth that you can only file bankruptcy every seven years. [...]
September 2009
In HUD’s Interim Report to Congress on the root causes of the foreclosure crisis, the conclusions reached by the panel are a searing indictment of the mortgage and investment banking industries: … [I]t seems clear … that the sharp rise in mortgage delinquencies and foreclosures is fundamentally the result of rapid growth in loans with [...]
A perfect scam….someone purporting to be a debt collector calls demanding payment. He has your bank account information, social security number, information about your relatives. He demands payment by wire transfer within the hour. Only the debt is fake and the caller is a scammer. Could this happen? Unfortunately, yes. It is a problem being [...]
I often speak with people who have allowed their mortgage company or a credit card company or two to take a monthly automatic payment from a bank account. This is an easy way to keep up on routine monthly payments, but if you are even remotely contemplating bankruptcy, stop the automatic payments immediately. The debts [...]
Once again, I’ll try and answer some of the questions most often asked by my clients about the banrkuptcy process, continuing the procedural questions from Part Two, this time focused on Chapter 13 cases. Bear in mind, sometimes the answers depend on individual circumstances, and you should still seek the advice of experienced bankruptcy counsel [...]
More people than ever are making Social Security claims because of the poor economy. Social Security is currently running a surplus of $2.5 trillion dollars, but those numbers are based upon debt obligations and will fade fast in the future unless something is done to correct the system. Everyone knows that the Social Security system [...]
