Blog Posts in July, 2011
Posted on Jul 27, 2011 By Charles Glanzer
experienced bankruptcy attorney On July 25, President Obama addressed the country asking the American public to encourage their Congressmen to raise our nation's debt ceiling. The debt ceiling is ...
Continue reading "Your Personal "Debt Ceiling"" »
Posted on Jul 25, 2011 By Charles Glanzer
There are many myths circulating regarding bankruptcy. One of the most popular myths is that you can pick and choose which debts are included in the bankruptcy discharge. This myth is simply the ...
Continue reading "Picking and Choosing Debts to Discharge in Bankruptcy" »
Posted on Jul 22, 2011 By Charles Glanzer
Most of my clients ask, "When can I stop paying my credit cards?" The answer seems obvious: immediately. If you are filing bankruptcy and discharging your credit card debt, you are throwing ...
Continue reading "When Can I Stop Paying Credit Cards?" »
Posted on Jul 20, 2011 By Charles Glanzer
The Washington Post recently reported that the Obama administration is not planning another large federally funded program to relieving the troubled housing market. This news comes despite the ...
Continue reading "Bankruptcy Can Provide Leverage to Underwater Homeowners" »
Posted on Jul 18, 2011 By Charles Glanzer
automatic stay Discharging student loans through the federal bankruptcy court is extremely difficult. Since 1978 Congress has increased restrictions on Chapter 7 and Chapter 13 bankruptcy debtors ...
Continue reading "Can Bankruptcy Discharge Student Loans?" »
Posted on Jul 15, 2011 By Charles Glanzer
Your bankruptcy filing contains financial information that is accurate as of the day your bankruptcy is filed. This information paints a complete picture of all of your assets, debts, income, and ...
Continue reading "What Happens to Debts I Incur After My Bankruptcy is Filed?" »
Posted on Jul 13, 2011 By Charles Glanzer
The federal Bankruptcy Code is codified in Title 11 of the United States Code. The Bankruptcy Code contains nine chapters, six of which provide rules for the filing of a bankruptcy petition. However, ...
Continue reading "Different Types of Individual Bankruptcy Cases" »
Posted on Jul 11, 2011 By Charles Glanzer
The Internal Revenue Service has enormous power to garnish a tax debtor's wages. The IRS does not require a court order to garnish assets or wages, called an administrative levy, and can levy upon ...
Continue reading "How Bankruptcy Can Stop A Tax Garnishment" »
Posted on Jul 8, 2011 By Charles Glanzer
The purpose of a Chapter 7 bankruptcy is to liquidate all of the debtor's non-exempt property to pay creditors, and to legally discharge any remaining debt the debtor is unable to pay. The ...
Continue reading "Debts You Can't Get Rid Of In Bankruptcy" »
Posted on Jul 6, 2011 By Charles Glanzer
The steady increase in bankruptcy filings since 2005 may have finally leveled off. According to the American Bankruptcy Institute and National Bankruptcy Research Center, fewer individual bankruptcy ...
Continue reading "U.S. Bankruptcy Rate Drops" »
Posted on Jul 4, 2011 By Charles Glanzer
Much of an individual's bankruptcy case revolves around the date the case was filed, also called the petition date. On that date the debtor submits a financial snapshot of his income, expenses, ...
Continue reading "Life Happens: Bankruptcy Conversion or Dismissal During Chapter 13" »
Posted on Jul 1, 2011 By Charles Glanzer
National banks that took federal bail-out money also agreed to participate in government home modification programs. These banks have created in-house loan negotiators to assist in home-loan ...
Continue reading "Banks Are Not Playing Fair During Home Loan Modification" »