Author: Justin Harelik Archive
Having Your Wages Garnished for a Debt Discharged Through Bankruptcy
The purpose of filing for bankruptcy is to get out from under an impossible amount of debt. In fact, when filing Chapter 7 bankruptcy, a successful ending will find the bankruptcy petitioner holding a discharge of debt that does just that. It discharges all eligible debt associated with the bankruptcy. ...
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I Owe More Than My Motorhome is Worth: What Should I Do?
We’ve all made mistakes. And we’ve all made good decisions that in the long run, had negative consequences. No matter how we go about predicting the future: algorithms, statistics, tarot cards…sometimes we’re wrong because the future has a way of coming at you when you least expect it. Sometimes the ...
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My Ex Filed Bankruptcy and Left Me Holding an Unpaid Medical Bill
Throughout the normal course of life, many of us end up having major medical emergencies, chronic conditions, etc. These situations can leave behind heartache, pain, and…financial disaster in the form of massive medical bills. Sometimes this can lead to bankruptcy. In fact, major medical bills are one of the commonly ...
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Bankruptcy Means Test: Can I Deduct My Boat Payment?
A big part of determining eligibility for bankruptcy protection is the means test. So when a bankruptcy petitioner has questions about the means test, we take them seriously. Not only is it vital that all the information is accurate, but it also has to be extremely thorough. When it comes ...
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Planning Your Bankruptcy…and Your Wedding?
When planning your wedding, hopefully debt and bankruptcy and financial trouble don’t need to be a part of the discussion. In a perfect world, the conversation would revolve around the flowers, the dress, the venue, the guest list, and…the wedded bliss soon to come! But sometimes, affianced couples DO have ...
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Avoid the Potholes on Your Road to Recovery
You’re on the road to recovery. You’ve declared bankruptcy. You’ve received your discharge of debt. You’re starting with a clean slate. You’re considering your options for new credit accounts post-bankruptcy. You’ve picked a few, and you’ve been approved and have your account information. What should you do now? Believe it ...
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Securing Good Credit After Bankruptcy: What Not To Do
Now that we’ve discussed a few of the “to do’s” associated with getting good credit after bankruptcy, we need to run through a few of the “don’ts.” What NOT To Do After Bankruptcy: Carry a Balance: Hopefully, this time around, you can avoid carrying a balance on your credit cards ...
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Securing Good Credit After Bankruptcy: Secured v. Unsecured
Don’t be overwhelmed by the process. Focus on the good news: you can have good credit after bankruptcy. In fact, you will have excellent credit. Before the bankruptcy mark even falls off your credit report, you should have a 750 credit score. Simply read the dos and don’ts of securing ...
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Taking On Your Credit Report: Step Six
The last thing you have to do when it’s time to restore your credit after bankruptcy is to consider any information that has been reported post-bankruptcy. Do you have any new accounts that have been opened/active since you received your discharge of debt? Make sure that any new accounts and/or ...
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Taking On Your Credit Report: Step Five
After cleaning up you basic information, checking the reporting status of your various accounts, and checking out the inquiries listed on your credit, you’re ready to move on to Step Five. Step Five: Getting to Know the Rules of Time and Credit Reporting At this point it’s time to get ...
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