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- All
- Bankruptcy Alternatives
- Bankruptcy Issues
- Bankruptcy Law
- Chapter 11
- Chapter 13
- Chapter 7
- Life After Bankruptcy
The Bankruptcy Process: Chapter 13, Foreclosure & Chapter 7
Justin Harelik
February 1, 2016
There are several things you must consider before walking away from your home after filing Chapter 13. In a Chapter 13, your mortgage payments are rolled back into the loan, making the mortgage current. This is called a loan modification – eliminating any past due payments. The bankruptcy trustee assigned ...
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Credit Counseling and Bankruptcy Attorneys
Justin Harelik
January 28, 2016
For those of you that are familiar with my previous columns, you’ll remember that I’ve written quite a few articles on credit counseling and also that I do not like credit counseling. “Sure,” I hear you say, “Of course a bankruptcy attorneys don’t like credit counseling. It’s the competition!” And ...
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Post-Bankruptcy: Rebuilding Your Credit
Justin Harelik
January 27, 2016
Credit rebuilding is of no small importance in the life of a post-bankruptcy individual. Many of these individuals, however, have trouble finding a substantial source of income and, therefore, they may believe they will have some difficulty rebuilding their credit scores. I could understand why one would believe this, but ...
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Joint Credit Accounts and Filing Bankruptcy
Justin Harelik
January 26, 2016
As I’ve said before, finances and credit concerns can be even more difficult to deal with when the individual involved has financial ties to another person. For example, if a potential bankruptcy petitioner jointly owns a house or a car with someone else, there would be reasonable concern there for ...
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Chapter 7 Bankruptcy: Too Much Equity in Your Home
Justin Harelik
January 25, 2016
One of the only times that having “too much equity” in your home will hurt you is when you are filing for Chapter 7 bankruptcy. It seems contradictory, but having too much equity in your home can seem to turn into a consequence for petitioners hoping to obtain a discharge ...
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Bankruptcy & Divorce: Who Gets the Assets?
Justin Harelik
January 20, 2016
In a divorce, it can be difficult for both parties to agree on which assets belong to who. A situation wherein one individual receives the home and another receives other assets or, in some cases, nothing, can be complicated even further if the person that receives the home does not ...
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