Filing bankruptcy means listing all your debts, even those you eventually plan on repaying after bankruptcy, like debts to relatives or your mortgage and car payments. As I tell my clients, you need to list anyone in the Milky Way Galaxy to which you owe money. That means even those who think you owe them [...]
filing for bankruptcy
Dear readers, we’ve gotten through the bankruptcy petition. It took us four separate blog-entries just go get through the bankruptcy petition. Of course, before you can even file a bankruptcy petition, you’ll need to take credit counseling first. And not just any credit counseling will do. You have to take credit counseling from a credit [...]
In part one, I discussed some recent Bankruptcy Law Network posts on reaffirmation agreements. For part two, though, we’ll focus soley on the reality of a typical auto loan scenario. Forget About the Law “What?” you say. “This site is all about the law!” That’s true, but reality is more important. The reality is that [...]
Bankruptcy may be the right move for you, or maybe not. Bankruptcy lawyers will call what I’m about to say heresy, and I’m pretty sure I’m going to get flamed by my colleagues and friends for saying it. I’m willing to take the risk, and I invite everyone to submit their comments to this post [...]
What does pet ownership have to do with filing bankruptcy? It is just one of the many expenses of life that most of us underestimate. Unless you understand and are prepared for the real cost of owning a pet, you are in for a shock and could literally go bankrupt. I’ve seen it happen many [...]
