Author: Justin Harelik Archive
Marrying Someone Who Has Filed For Bankruptcy
One of our readers asked, “If I am marrying an individual who has declared bankruptcy before our marriage, how does that affect my credit, and what responsibilities might I incur?” First things first, congratulations to you on your upcoming marriage. However, as you embark on a new chapter in life, …
Navigating Credit Card Debt, Collection Agencies, and Bankruptcy
Many people can find themselves facing financial hardships at some point in life. Therefore, understanding their rights and options can be critical in finding a way out of debt and towards a fresh financial start. If you’re in a similar position, this article delves into three specific circumstances concerning debt …
Know Your Lenders: Interviews and Lender Calls
Before you even start filling out an application for credit, find out if a bankruptcy will result in an automatic denial of credit. Every lender has standard underwriting guidelines. If you find out the guidelines prior to submitting your application, you’re able to avoid unnecessary inquiries. This takes you closer …
The Five Stages of Bankruptcy Recovery…I Mean, Grief
It’s called bankruptcy recovery for a reason. It’s an overhaul of your entire LIFE! Allow some time to recover and don’t be surprised if you recognize some familiar coping stages most would associate with grief. Denial & Isolation: More than one million people file bankruptcy every year. Remember this when …
You Filed for Bankruptcy: How Do You Feel Now?
When you filed bankruptcy you knew exactly how you were going to feel when you got your bankruptcy discharge: completely elated. And you do feel that way – part of the time. But there are also moments of doubt and insecurity. This is a completely human response. Don’t let it …
Can Bankruptcy Stop Your Eviction?
Tenants facing eviction often frantically search for answers to the situation. First and foremost for those in this situation is usually the desire to stay in their home. The need to relieve the pressure of the debt usually comes in a close second and third is a desire to do …
Does Business Debt Transfer with the Sale of the Company?
I recently spoke with a young man who had built a business from scratch, experienced a downturn in the industry that left the company overwhelmed by debt and unable to move forward with production expecting to make a profit. He felt his only recourse was to file bankruptcy on the …
My Creditors Are Suing Me – Is it Too Late to File Bankruptcy?
If you have put off filing for bankruptcy so long that your creditors are already suing you, you may fear that it is too late to do anything about it. You aren’t alone. Most people wait until the very last minute before they seriously consider bankruptcy as an option. It …
Does Filing for Bankruptcy Keep Broken Leases Off Your Credit Report?
When you file for bankruptcy, you receive an automatic stay, which requires that any and all creditors stop contacting you in order to seek payment on debts. When you receive your bankruptcy discharge, all eligible debts included in the bankruptcy filing are no longer your liability. These are two of …
What to Do If You Retained an Attorney, But Bankruptcy Wasn’t Filed
A recent email arrived with a question from a women who hired an attorney two years ago to file a Chapter 13 bankruptcy. She paid the bankruptcy attorney $1,000 up front. No other payments were made, but the Chapter 13 bankruptcy was never filed. Her question was this: is it …