Category: Benefits of Bankruptcy
By Michael Doan on May 4, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Cards, General Bankruptcy Information, Life After Bankruptcy, Reaffirmation of Debts | 0 Comments
When you file for Bankruptcy, what do you do if you want to keep some credit cards? Hide them from your attorney? NO! Such “Bankruptcy Fraud” is not worth 5 years in jail and/or 1/2 million dollar fine! Instead, it depends.
If you liked that post, then try these…The 2005 Bankruptcy Act: Bankruptcy [...]
Popularity: 12% [?]
By Carmen Dellutri, Attorney at Law on Apr 16, 2008 in Benefits of Bankruptcy, Florida, General Bankruptcy Information, Life After Bankruptcy | 0 Comments
Recently, the Administrative Office of the United States Courts released the bankruptcy filing information for 2007. Personal bankruptcy filings reached 822,590 and business bankruptcy filings reached 28,322, for a total of 850, 912. The number of bankruptcy filings rose approximately 38% over the 2006 number of 617,660 filings. I would like to say that I am shocked [...]
Popularity: 14% [?]
By L. Jed Berliner, Springfield Bankruptcy Attorney on Apr 15, 2008 in Bankruptcy Myths, Benefits of Bankruptcy, Collection Issues, Consumer Protection, Debt Collector Abuses, Massachusetts | 0 Comments
You can still file bankruptcy on a charged-off debt. Any statement otherwise violates federal law and can put money in your pocket. Please, PLEASE, immediately write down all details of the call and contact your attorney.
I must repeat the February 15, 2007 post of my colleague, Susanne Robicsek. A charge-off is a creditor’s accounting entry [...]
Popularity: 22% [?]
By Kurt O'Keefe, Attorney at Law on Apr 15, 2008 in Benefits of Bankruptcy, Credit Cards, Michigan, Personal Finance | 0 Comments
As the Fed has pumped up the money supply, prices are inevitably rising.
Gas, now food, increasing first.
With mortgage-home equity borrowing having dried up, it seems people are using credit card debt to make up the difference.
This is not a good strategy. You cannot borrow your way out of a [...]
Popularity: 14% [?]
By Karen Oakes, Southern Oregon Bankruptcy Attorney on Apr 14, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, Choosing Bankruptcy Attorney, Consumer Protection, General Bankruptcy Information, Mortgages, Oregon, Predatory Lending, Role Of The Lawyer, State Specific Bankruptcy Issues | 0 Comments
In Rachel Foley’s recent posting here, she urges readers to think once, twice, three times about trying to represent yourself in bankruptcy. About a month ago, I posted on a “painful to watch” 341 hearing with two debtors who tried to use a bankruptcy petition preparer and save money. Each [...]
Popularity: 28% [?]
By Michael Doan on Apr 6, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, California, Chapter 7 Bankruptcy, General Bankruptcy Information, Life After Bankruptcy, Personal Finance, Personal Property, Reaffirmation of Debts, Surrendering Property, Vehicles | 0 Comments
In most cases, No. In most cases, the value of the car is significantly lower than the debt against it. Sort of like our housing market……and look at the mess thats causing in real estate since values are now less than the loans securing it! So if you don’t want to go bust like all [...]
Popularity: 41% [?]
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Apr 3, 2008 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Choosing Bankruptcy Attorney, Foreclosure Issues, General Bankruptcy Information, Mortgages, North Carolina, Predatory Lending | 0 Comments
Congress could help homeowners in trouble, but once again has said a loud “NO” to help for homeowners in need. Today the Senate did not vote to support S.R. Bill 256 which could have helped so many families facing loss of their homes. Something has to be done to give some relief to [...]
Popularity: 38% [?]
By Douglas Jacobs, California Bankruptcy Attorney on Mar 26, 2008 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy Information | 0 Comments
Recently, two different clients came in to see me about filing bankruptcy with similar problems: they had filed a bankruptcy within the last couple of years and therefore aren’t eligible to get a discharge in a new case filed now.
One of the things that BAPCPA, the law that went into effect in October 2005, did was [...]
Popularity: 26% [?]
By Kevin Gipson, New Orleans Bankruptcy Attorney on Mar 24, 2008 in Benefits of Bankruptcy, General Bankruptcy Information, Louisiana | 0 Comments
One of the features of bankruptcy is the ability to reject a residential lease. But what if you want to assume an unexpired lease?
Obviously, you must live somewhere, so consider the following factors when making this decision:
Can you find a better deal on rent than you are currently paying?
What are the terms of the lease? [...]
Popularity: 19% [?]
By Carmen Dellutri, Attorney at Law on Mar 24, 2008 in Bankruptcy Cases of Interest, Bankruptcy Legislation, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Consumer Protection, Florida, General Bankruptcy Information | 0 Comments
Aloha Airgroup, Inc, recently filed for Chapter 11 bankruptcy protection. Aloha Airgroup, Inc. is the parent corporation of Aloha Airlines, Inc. This is the company’s second bankruptcy in less than three (3) years.
You may be asking yourself, what do I have in common with Aloha Airlines? I will answer that soon, but [...]
Popularity: 43% [?]
