By far the most common fear that people have when contemplating Chapter 7 bankruptcy is the impact it will have on their credit report in the future. There’s bad news and good news here. The bad news is that your bankruptcy filing can show up on your credit report for as long as ten years [...]
May 2011
If you’re filing for bankruptcy, do you still have to pay back creditors? Depending on how your local court looks at it, that old car may save you $200 a month. When you file for bankruptcy, you’ve got to pay unsecured creditors an amount equal to the projected disposable income available to you during a [...]
North Carolina attorney extraordinaire O. Max Gardner is teaching a two day intensive in Chicago on June 18 & 19th. The two day intensive will be invaluable toorforeclosure defense attorneys. Max and others will be teaching how to attack the secured status of the Trustee of residential mortgage backed securitized trusts and what servicers have [...]
Eric Myers of North Carolina filed for bankruptcy in the hopes of a better financial life. What he got was a slap in the face and lack of employment prospects that would help him fulfill that dream. Eric Myers filed a Chapter 7 bankruptcy in North Carolina in 2008. Shortly after he received a discharge [...]
If you owe federal tax and fail to pay, the IRS has a federal tax lien on all of your assets. The lien can be a secret and exists even if the IRS has failed to file a Notice of Federal Tax Lien in the public records. This secret lien can take your retirement funds [...]
Now more than ever, Florida bankruptcy debtors need court protection from some money-grubbing Chapter 7 trustees. As previously reported on Bankruptcy Law Network, the Florida legislature approved a $4,000 wildcard exemption for those debtors not claiming the benefit of a homestead exemption. At the time it was passed in 2007, bankruptcy experts believed it would [...]
