Are you or have you ever been in debt? I am talking about the kind of debt that swallows you whole. The kind of debt you obsess about counting. As you continue to count each dollar you owe, the tighter your chest becomes. The debt continuing to squeeze until you canâ€™t breathe anymore. Your obsession becomes the debt you have accumulated and believing that without a miracle you are never getting out of debt.
A chapter 7 bankruptcy can be easy or difficult. Here are four steps to making it go quickly and smoothly:
1. Hire a competent knowledgeable bankruptcy attorney that you can talk with. Provide your attorney every piece of information and all of the documents she asks...
Has anyone ever offered you $500, $1,000, $2,000 or more for you to sign your name - no strings attached?
Assuming you are not a celebrity working an autograph show, cash offers like this are not likely to happen. Yet I hear stories about these â€œtoo good to be trueâ€ offers at least once or twice a year from my bankruptcy clients. And when I see this type of situation, I know that my client likely has a real mess on his hands.
One of these cases from several years ago sticks out in my mind. Iâ€™m going to change the facts to protect my clientâ€™s privacy but the principle will not change. My client, Jack, worked in the billing department for a county government, and he lived in a quiet, residential neighborhood. Jack had no pressing financial issues.
The 2005 Bankruptcy Reform Act's "means test" for chapter 7 bankruptcy filers was weakened by a recent ruling from a Texas bankruptcy court. Under this ruling, student loans incurred for the purpose of obtaining a professional degree to be used in business are not "consumer...