Recent Blog Posts in July 2009 |
| July 14, 2009 |
| The dreaded pink slip, pockets are empty |
| Posted By Malaise Law Firm |
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| Unemployment is on the rise in the U.S. and your creditors will be knocking or calling within thirty (30) days asking for payment(s). You may have the thought of delaying the payments but don’t delay in making the decision to visit an attorney for consultation in filing bankruptcy in San Antonio, Dallas, Fort Worth, Austin, Houston, McAllen, Harlingen, Brownsville and Corpus Christi. This will just give your lenders additional time to harass you, make further collection calls, causing you stress that you cannot tolerate during these tough times. Your annuity, IRA, 401k and other pension plans are exactly that “savings” that may be protected when you file for bankruptcy. Bankruptcy may relieve your obligation to repay your debt and protect your savings from depletion. You worked hard to save, why relinquish it to your creditors. The Debtor(s) have options to use either state or federal exemption laws to exempt their 401k’s, IRA and Annuities from the grasp of their creditors and/or assigned trustee. |
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| July 14, 2009 |
| Duck and cover or file chapter 13 to stop foreclosure |
| Posted By Malaise Law Firm |
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| In the State of Texas normally the first Tuesday of each month is the designated date to have your house sold or foreclosed upon. Before that arrival date, you will receive correspondence from your mortgage company dictating that your are in default of your mortgage and ways to cure the default to avoid the foreclosure. You can call family, friends and long lost relatives but the most effective way to avoid the foreclosure of your home is the possibility of filing a chapter 13 under the U.S. Bankruptcy Code. How is this possible? When an individual(s) files a chapter 13 bankruptcy the “automatic stay” will go into effect immediately. The “stay” is the legal remedy to prevent the sale of your home. As an extra bonus, your mortgage company can longer have any contact with you but through your legal representative. In Fort Worth an Dallas, the mortgage company is permitted to send you the regular monthly billing statement because you must continue making your regular monthly mortgage payments in a timely fashion after you file chapter 13 in Fort Worth or Dallas. It gets better, you may be able to repay the arrears of your mortgage payments either in a minimum of three (3) years or up to a maximum of five (5) years dependent upon certain factors of your case. |
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| July 14, 2009 |
| Families filing for bankruptcy, less healthcare coverage |
| Posted By Malaise Law Firm |
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| IS THE DOCTOR IN? – Aside from the foreclosures, tax liability and repossession, the cost of medical services leads the charge in having families file for bankruptcy in the United States because many have no health coverage. Filing for bankruptcy is a possible solution for relieving your household obligation in repaying back those medical expenses incurred from the illness or injury sustained by one of your loved ones. You cannot afford any additional stress. Medical bills are behind more than 60 percent of U.S. personal bankruptcies. More than 75 percent of these bankrupt families had health insurance but still were overwhelmed by their medical debts, reported by a team at Harvard Law School, Harvard Medical School and Ohio University The United States is embarking on an overhaul of its healthcare system, now a patchwork of public programs such as Medicare for the elderly and disabled and employer-sponsored health insurance that leaves 15 percent of the population with no coverage. The high cost of medical coverage, medication and routine doctor visits are becoming financially too burdensome. A so-called single payer plan, in which one agency, usually the government, coordinates health coverage. About 170 million people get health insurance through an employer but President Barack Obama says soaring healthcare costs hurt the economy and force businesses to drop medical insurance for their workers. |
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