“How much does it cost to file bankruptcy?” This is often the first thing that someone says to me when they call. What they want to know is the total cost for attorney fees and the filing fees. I understand why they ask me, because for someone in financial difficulty, the cost for filing bankruptcy is [...]
March 2011
Okay, this is not about bankruptcy per se, but it’s about how hard life is (that is contributing to the massive increase in bankruptcy filings) and about what we might be able to do about it, individually and as a community. If you live in Albuquerque, New Mexico, consider attending a National Issues Forum (NIF) [...]
You’re at home one evening, sitting down to a pleasant dinner with your family. The kids are chattering, your spouse is listening to you talk about your day, and the food is on the table. It’s like Norman Rockwell popped up from the grave to arrange the scene. That is, until the phone rings. You [...]
Filing bankruptcy if you have a business can be different from a typical consumer case. First of all, if 51% of your debts were incurred for your business, you won’t have to file the means test! Thus, you avoid the problem of having too much income to qualify for a Chapter 7. Fortunately, it is [...]
About 25% of all mortgages in the United States are “Under Water,” that is, a mortgage where the property is worth less than what is owed on the mortgage. Many people who own these properties also have second mortgages, equity lines, HELOCs, or tax, HOA or other liens, pushing the property still farther into the [...]
“I just got served papers for a repo car from 2007. I made copies of it for my paperwork, but I am not sure what to do.” I just got this message from a client. The office is working with him to prepare his chapter 7 bankruptcy filing but he is not yet ready to [...]
