Blog Posts in August, 2010
Posted on Aug 30, 2010 By Jeffrey Angres
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 ...
Continue reading "DISCOVERIES WHILE COMPLETING BANKRUPTCY EXPENSE STATEMENT" »
Posted on Aug 27, 2010 By Jeffrey Angres
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 ...
Continue reading "KEEP YOUR SECURED PROPERTY WITH A REAFFIRMATION AGREEMENT" »
Posted on Aug 25, 2010 By Jeffrey Angres
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 ...
Continue reading "LIEN STRIPPING SECOND MORTGAGES" »
Posted on Aug 23, 2010 By Jeffrey Angres
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 ...
Continue reading "YOUR BANKRUPTCY DISCHARGE" »
Posted on Aug 19, 2010 By Jeffrey Angres
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 ...
Continue reading "REAL HOUSEWIFE FACING REAL TROUBLE IN BANKRUPTCY COURT" »
Posted on Aug 18, 2010 By Jeffrey Angres
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 ...
Continue reading "BANKRUPTCY PROVIDES IMMEDIATE RELIEF" »
Posted on Aug 16, 2010 By Jeffrey Angres
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 ...
Continue reading "WHEN BANKRUPTCY IS THE BEST DECISION" »
Posted on Aug 13, 2010 By Jeffrey Angres
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 ...
Continue reading "CHAPTER 11 INDIVIDUAL BANKRUPTCY" »
Posted on Aug 11, 2010 By Jeff Angres
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 ...
Continue reading "WHAT IF YOU FORGET TO LIST A CREDITOR IN YOUR BANKRUPTCY PAPERWORK?" »
Posted on Aug 9, 2010 By Jeffrey Angres
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 ...
Continue reading "DON’T BE ON YOUR OWN DURING BANKRUPTCY" »
Posted on Aug 6, 2010 By Jeffrey Angres
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. ...
Continue reading "THREE EASY STEPS TO REBUILDING CREDIT AFTER BANKRUPTCY" »
Posted on Aug 4, 2010 By Jeffrey Angres
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 ...
Continue reading "FTC CRACKS DOWN ON DEBT SETTLEMENT COMPANIES" »
Posted on Aug 3, 2010 By Charles Glanzer
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 ...
Continue reading "DON’T DIE WITH YOUR CREDIT CARD DEBT!" »
Posted on Aug 2, 2010 By Jeffrey Angres
One of the most beneficial aspects of a Chapter 13 bankruptcy is the Co-Debtor Stay (for more information about bankruptcy 's Automatic Stay please refer to our prior article entitled "The Automatic ...
Continue reading "CHAPTER 13 STAY PROTECTS CO-DEBTORS" »