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Latest Blog Posts By Category
- Saving Your Vehicle with Chapter 7
If you are considering Chapter 7 bankruptcy as a last-ditch method to saving your vehicle, you need to familiarize yourself with BAPCA. The Bankruptcy Abuse Prevention and Consumer Protection Act was ... - Tips to Ensure Better Finances after Bankruptcy
If you are considering bankruptcy , then you will also be thinking about life after bankruptcy . Once you have filed successfully for bankruptcy , there steps you should take to ensure that your ... - Increase in Holiday Spending from Last Year
Although many Americans have yet to feel the effects of the slowing recovering economy, many report that they are less stressed about debt and they are spending more this holiday season. Black Friday, ...
- Laws Make it Harder to File for Chapter 7
Recent changes to bankruptcy law have made it more difficult for many would-be filers to qualify for certain types of bankruptcy. The Bankruptcy Abuse Prevention and Consumer Act of 2005 was recently ... - Eric Cantor Believes States Should Not Be Able to File for Bankruptcy
In an argument that is certain to last for months, if not years, U.S. House of Representatives Majority Leader Eric Cantor re-affirmed his belief that states should not be allowed to declare ... - Will I Lose All My Property?
A common misconception regarding Chapter 7 bankruptcy is that a debtor will lose all of his or her property. This is simply not the case. If you file under Chapter 7, you will face the liquidation of ...
- One Great Benefit of Chapter 13 Bankruptcy
If you are thinking about filing for consumer bankruptcy, you will have two options in the state of Texas. The first option is Chapter 7 bankruptcy . This type of bankruptcy allows people to have ... - Working with a Lawyer during Your Chapter 13 Filing
People across America are coming to rely on bankruptcy to tackle their overwhelming debts. In states like Texas, there has been an increase in Chapter 13 bankruptcy filings over the past few months. ... - T-Boz's Bankruptcy Case Dismissed
T-Boz, of the popular all-girl group TLC, learned this week that her third Chapter 13 bankruptcy filing had been dismissed. According to the court appointed trustee, the singer had not been following ...
- Be Careful With Credit Cards Before Filing For Bankruptcy
Filing for bankruptcy does not give you the chance to max out credit cards and then have the charges dismissed. The bankruptcy code prevents such abuses from taking place, a fact which many first-time ... - National Credit Card Debt Average Drops
In August 2010, TransUnion filed a report that stated credit card debt averages have dropped to less than $5,000. During the same time period in 2009, the national average was $6,000. While most ... - Discharging Credit Card Balances
As a general rule, credit card debt is among the easiest type of debt to discharge during a Chapter 7 or Chapter 13 Bankruptcy . However, in some cases credit card companies will dispute the discharge ...
- Federal Trade Commission Backs New Debt Settlement Law
The Federal Trade Commission has recently backed a new law that will make debt settlement more legitimate. It will prevent debt settlement companies from asking for fees upfront, but rather allowing ... - Medical Debt and Bankruptcy
When people are filing for bankruptcy because they have a great deal of medical debt they may wonder if they can just list their medical debt in their bankruptcy petition and not list out their other ... - National Credit Card Debt Average Drops
In August 2010, TransUnion filed a report that stated credit card debt averages have dropped to less than $5,000. During the same time period in 2009, the national average was $6,000. While most ...
- Statistics Show More Short Sales Than Foreclosures
Good news for homeowners - the amount of short sales processed this quarter has surpassed foreclosures for the first time in years. This means that banks are becoming more accepting of short sales in ... - Foreclosure Rates Remain Relatively Steady in Texas
Foreclosure rates across the country have seen serious fluctuations over the past few years. In some areas like San Antonio, Texas, the rates are remaining relatively steady, experiencing slight ... - "Mortgage Lease Program" Offered in Some States
One bank is trying a new program to save homeowners from being evicted. The "Mortgage to Lease" program is currently open to a handful of states, but the bank has hopes of expansion in the ...
- Statistics Show More Short Sales Than Foreclosures
Good news for homeowners - the amount of short sales processed this quarter has surpassed foreclosures for the first time in years. This means that banks are becoming more accepting of short sales in ... - Foreclosure Rates Remain Relatively Steady in Texas
Foreclosure rates across the country have seen serious fluctuations over the past few years. In some areas like San Antonio, Texas, the rates are remaining relatively steady, experiencing slight ... - "Mortgage Lease Program" Offered in Some States
One bank is trying a new program to save homeowners from being evicted. The "Mortgage to Lease" program is currently open to a handful of states, but the bank has hopes of expansion in the ...
- Chapter 13 Co-Debtor Stay
The "Co-Debtor Stay," also known as the "Co-Debtor Automatic Stay," is a feature of a Chapter 13 Bankruptcy designed to protect a debtor by insulating him from indirect pressures from his creditors ... - Outstanding Payday Loans During Bankruptcy
Payday loan companies prey on individuals experiencing financial difficulties. These lenders offer a short-term loan of a few hundred dollars that will be repaid on the borrower's next payday. To ... - Bankruptcy and Child Support Obligations
If you are paying child support, you may be confused about the effect of a bankruptcy filing on your child support obligation. A bankruptcy filing generally protects the debtor from the collection ...
- Giudices Conceal Assets during Chapter 7 Bankruptcy
This week, several stories have emerged regarding the details of Teresa Giudice's bankruptcy . Giudice stars on the hit show "Real Housewives of New Jersey" which is aired on Bravo. Court paperwork ... - The Role of a Bankruptcy Trustee
After people have filed their Chapter 7 or Chapter 13 bankruptcy petitions, a bankruptcy trustee will be appointed to their cases. Essentially, a bankruptcy trustee is designated to oversee people's ... - What is Liquidation?
One question that people commonly have when they are considering filing for consumer bankruptcy is "what is liquidation?" and "what assets can be liquated?" These are normal questions and people ...
- Bankruptcy to Stop Wage Garnishments
Are you considering Chapter 7 bankruptcy as a way to stop wage garnishments ? This can work in most states except for four: South Carolina, North Carolina, Texas and Pennsylvania. If you reside in any ... - Bankruptcy to Stop Wage Garnishment
Are you considering bankruptcy as a way to stop wage garnishment ? Once you successfully file for bankruptcy, all wage garnishment will stop. It should be an immediate process that takes effect before ... |
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