| September 03, 2010 |
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IF THE DEBTOR DIES DURING BANKRUPTCY
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| Posted By Jeffrey Angres |
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| When a debtor dies during a pending Chapter 7 , Chapter 11, Chapter 12 or Chapter 13 bankruptcy case, the case may or may not be dismissed depending on a few factors. The first factor is the bankruptcy chapter that controls the case. For a Chapter 7 ... |
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| Continue reading "IF THE DEBTOR DIES DURING BANKRUPTCY" » |
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| September 01, 2010 |
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CAN ONE SPOUSE FILE BANKRUPTCY ALONE?
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| Posted By Jeff Angres |
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| While it is common for a husband and wife to file a joint Chapter 7 or Chapter 13 bankruptcy, in some cases it may be beneficial for only one spouse to file. When one spouse files for bankruptcy protection, the other spouse is NOT automatically ... |
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| Continue reading "CAN ONE SPOUSE FILE BANKRUPTCY ALONE?" » |
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| August 30, 2010 |
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DISCOVERIES WHILE COMPLETING BANKRUPTCY EXPENSE STATEMENT
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| Posted By Jeffrey Angres |
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| The Bankruptcy Code requires the individual and joint debtor(s) to file a petition and a series of financial reports with the bankruptcy court in both a Chapter 7 and Chapter 13 bankruptcy. Among these reports is a statement of income identified as ... |
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| Continue reading "DISCOVERIES WHILE COMPLETING BANKRUPTCY EXPENSE STATEMENT" » |
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| August 27, 2010 |
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KEEP YOUR SECURED PROPERTY WITH A REAFFIRMATION AGREEMENT
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| Posted By Jeffrey Angres |
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| Occasionally, a client is under a misconception that a Chapter 7 bankruptcy discharge will erase all creditor interests in secured property. In other words, after the bankruptcy there is no house loan or car loan, but the debtor is able to keep the ... |
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| Continue reading "KEEP YOUR SECURED PROPERTY WITH A REAFFIRMATION AGREEMENT" » |
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| August 25, 2010 |
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LIEN STRIPPING SECOND MORTGAGES
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| Posted By Jeffrey Angres |
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| While the Bankruptcy Code does not permit a Chapter 7 or Chapter 13 bankruptcy court to modify the terms of a home mortgage , a second mortgage that is entirely unsecured may be stripped away during a Chapter 13 bankruptcy. For example, if you own a ... |
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| Continue reading "LIEN STRIPPING SECOND MORTGAGES" » |
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| August 23, 2010 |
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YOUR BANKRUPTCY DISCHARGE
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| Posted By Jeffrey Angres |
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| The word bankruptcy is derived from two Latin words, bancus , meaning "bench," and ruptus , meaning "broken." The term was used to describe the breakup of a tradesman's business (often resulting in physically breaking the tradesman's table or bench, ... |
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| Continue reading "YOUR BANKRUPTCY DISCHARGE" » |
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| August 19, 2010 |
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REAL HOUSEWIFE FACING REAL TROUBLE IN BANKRUPTCY COURT
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| Posted By Jeffrey Angres |
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| There is an old saying in the bankruptcy world, "Pigs get fat, hogs get slaughtered." It means the honest, but unfortunate Chapter 7 or Chapter 13 bankruptcy debtor will keep enough property to live comfortably and then some. On the other hand, when ... |
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| Continue reading "REAL HOUSEWIFE FACING REAL TROUBLE IN BANKRUPTCY COURT" » |
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| August 18, 2010 |
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BANKRUPTCY PROVIDES IMMEDIATE RELIEF
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| Posted By Jeffrey Angres |
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| Individuals buried in debt need fast relief. The required relief may vary from case to case, like relief from creditor harassment, from a lawsuit, or from a pending foreclosure. Fortunately, the Chapter 7 and Chapter 13 bankruptcy process provides ... |
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| Continue reading "BANKRUPTCY PROVIDES IMMEDIATE RELIEF" » |
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| August 16, 2010 |
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WHEN BANKRUPTCY IS THE BEST DECISION
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| Posted By Jeffrey Angres |
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| The worst thing about filing a Chapter 7 or Chapter 13 bankruptcy is agonizing over the decision to file. Many people worry about under-going a grueling investigation concerning their finances, losing everything they own, and having to deal with a ... |
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| Continue reading "WHEN BANKRUPTCY IS THE BEST DECISION" » |
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| August 13, 2010 |
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CHAPTER 11 INDIVIDUAL BANKRUPTCY
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| Posted By Jeffrey Angres |
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| When a large corporate bankruptcy hits the news chances are the company has filed for Chapter 11 bankruptcy protection. The title of Chapter 11 of the Bankruptcy Code is "Reorganization" and while companies like General Motors or Washington Mutual ... |
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| Continue reading "CHAPTER 11 INDIVIDUAL BANKRUPTCY" » |
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| August 11, 2010 |
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WHAT IF YOU FORGET TO LIST A CREDITOR IN YOUR BANKRUPTCY PAPERWORK?
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| Posted By Jeff Angres |
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| Usually by the time a person visits a bankruptcy attorney to investigate a Chapter 7 or Chapter 13 bankruptcy he or she has been struggling with overwhelming debt for months if not years. Often the person's creditors have not been paid for a ... |
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| Continue reading "WHAT IF YOU FORGET TO LIST A CREDITOR IN YOUR BANKRUPTCY PAPERWORK?" » |
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| August 09, 2010 |
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DON’T BE ON YOUR OWN DURING BANKRUPTCY
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| Posted By Jeffrey Angres |
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| A person who files a Chapter 7 or Chapter 13 bankruptcy case without an attorney is called a pro se debtor. "Pro se" is Latin meaning "for oneself;" in other words, you are on your own. Being on your own during your bankruptcy may save a few upfront ... |
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| Continue reading "DON’T BE ON YOUR OWN DURING BANKRUPTCY" » |
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| August 06, 2010 |
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THREE EASY STEPS TO REBUILDING CREDIT AFTER BANKRUPTCY
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| Posted By Jeffrey Angres |
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| There are many misconceptions about the possibility of obtaining credit after a Chapter 7 bankruptcy or Chapter 13 bankruptcy . The truth is that improving your credit score takes time and vigilance. If you are willing to commit your attention to ... |
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| Continue reading "THREE EASY STEPS TO REBUILDING CREDIT AFTER BANKRUPTCY" » |
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| August 04, 2010 |
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FTC CRACKS DOWN ON DEBT SETTLEMENT COMPANIES
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| Posted By Jeffrey Angres |
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| The Federal Trade Commission (FTC) has recently announced new rules that will prevent debt collection firms from charging customers up-front fees. The FTC's new rules take effect October 27, 2010, and apply to telemarketing by for-profit debt ... |
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| Continue reading "FTC CRACKS DOWN ON DEBT SETTLEMENT COMPANIES" » |
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| August 03, 2010 |
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DON’T DIE WITH YOUR CREDIT CARD DEBT!
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| Posted By Charles Glanzer |
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| We receive dozens of phone calls each month from people who have a lot of credit card debt and are able to make at least their minimum monthly payments. Still, they feel that they will never pay these debts off. They're right, sort of. It is well ... |
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| Continue reading "DON’T DIE WITH YOUR CREDIT CARD DEBT!" » |
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