No notice is required before a bank repossesses your motor vehicle after a chapter 7 bankruptcy, unless you formally reaffirm the vehicle loan, according to a recent federal appeals court decision. This case casts doubt on the “option” of “retain and pay,” where the debtor simply continues payments on a vehicle loan after filing chapter [...]
January 2010
Bankruptcy is about fresh starts. The law gives you a discharge of many debts which is what we call a “fresh start.” But actually getting your money’s worth out of it is as much about what you do and how you approach this new chance as it is about the law and finance. Now, I’m [...]
I am seeing more and more small business owners that are in need of filing a personal bankruptcy? In the case of a small business owner filing a Chapter 7 bankruptcy, the question I hear most often is whether the small business owner can discharge his business debts? Generally speaking a small business owner can [...]
It’s probably a no-brainer, but it’s critical to make your mortgage payments on time while you’re in Chapter 13. And by “on time,” I mean by the due date. The due date is the date that you payment is due. For most people, that is the first of the month. If you want to live [...]
As a mortgage foreclosure defense attorney, I get asked quite a few questions about the foreclosure process. Fighting Foreclosure is one of the hottest topics in the legal world today. The best part of fighting foreclosure is the great facts that we hear from our clients. The best cases are the ones where the clients [...]
Clients frequently file bankruptcy because they have too much credit card debt. Sometimes, a client asks if they can’t keep just one credit card after they file a bankruptcy case. Maybe the client needs to buy gas or small items with it. Maybe she travels and needs to charge her airline tickets or automobile rentals. [...]
