Blog Posts in October, 2010
Posted on Oct 30, 2010 By Jeffrey Angres
Bankruptcy attorneys know that owing a debt that you cannot repay causes the debtor many headaches. First, there are the collection calls and letters. These collection actions are meant to harass you ...
Continue reading "BANKRUPTCY VERSUS BAD DEBT JUDGMENTS" »
Posted on Oct 27, 2010 By Jeff Angres
A recent study by the University of Michigan School of Law has found that an increasing number of people over the age of 65 are filing for Chapter 7 and Chapter 13 bankruptcy protection. The study ...
Continue reading "MORE ELDER AMERICANS ARE FILING BANKRUPTCY" »
Posted on Oct 25, 2010 By Jeffrey Angres
In the wake of the "robo-notary" scandal that has prompted federal investigations into the foreclosure processes of several large banks, another "robo" scandal against consumer debtors has been ...
Continue reading "ABUSIVE COLLECTION AGENCY SETTLES LAWSUIT FOR $1.75 MILLION" »
Posted on Oct 22, 2010 By Jeffrey Angres
The federal Bankruptcy Code provides many options for an individual to reorganize his finances. In some cases, a Chapter 7 debtor may decide that he can no longer afford to make the monthly payments ...
Continue reading "SURRENDERING PROPERTY DURING CHAPTER 7 BANKRUPTCY" »
Posted on Oct 20, 2010 By Jeff Angres
For many, tithing is much more than simply a donation to a church, synagogue or mosque. When a person files a Chapter 7 or Chapter 13 bankruptcy , the issue is whether charitable donations should ...
Continue reading "TITHING AND OTHER CHARITABLE DONATIONS DURING BANKRUPTCY" »
Posted on Oct 19, 2010 By Jeffrey Angres
Bankruptcy attorneys see people from all cross-sections of our population. Most people have a good understanding of their financial obligations and know who they owe. Others bring in grocery store ...
Continue reading "KNOW WHO YOU OWE" »
Posted on Oct 18, 2010 By Jeffrey Angres
Recently allegations have been made against several prominent mortgage lenders claiming the use of flawed and in some cases fraudulent documents during the foreclosure process. In one case, GMAC ...
Continue reading "“FORECLOSURE-GATE” CAUSING CHAOS IN THE MORTGAGE INDUSTRY" »
Posted on Oct 13, 2010 By Charles Glanzer
Every day is a new opportunity to make good financial decisions. If your income has been significantly reduced, one decision that may help is to ensure that your bank does not charge you overdraft ...
Continue reading "BANK OVERDRAFTS CAN MAKE FINANCIAL TROUBLE WORSE" »
Posted on Oct 12, 2010 By Jeffrey Angres
The Bankruptcy Code authorizes six (6) different types of bankruptcies, but only four (4) can be used by individuals (which includes married couples). Each type of individual bankruptcy case is known ...
Continue reading "THE FOUR BANKRUPTCY CHAPTERS AVAILABLE TO INDIVIDUALS" »
Posted on Oct 8, 2010 By Jeff Angres
The decision to file a personal bankruptcy , Chapter 7 or Chapter 13 , can be an emotionally difficult decision to make for many individuals. Sometimes these emotions can make it difficult to ...
Continue reading "IS BANKRUPTCY A WISE DECISION?" »
Posted on Oct 6, 2010 By Jeffrey Angres
Chapter 13 of the Bankruptcy Code contains many useful provisions that are not available to Chapter 7 debtors. One of the most useful is the ability to "cram-down" an over-secured auto loan to the ...
Continue reading "LIEN STRIPPING AN AUTO LOAN IN CHAPTER 13" »
Posted on Oct 4, 2010 By Jeffrey Angres
Since 1967 there have been several studies that rank stress due to a traumatic life event. The studies agree that divorce causes tremendous stress in a person's life, and is number two in the rankings ...
Continue reading "DIVORCE DEBT AND BANKRUPTCY" »
Posted on Oct 1, 2010 By Charles Glanzer
When a landlord files a bankruptcy case (generally speaking, both a Chapter 7 and a Chapter 13 bankruptcy will be available to individual landlords), both the landlord and the tenant have a great deal ...
Continue reading "WHEN A LANDLORD FILES BANKRUPTCY" »