Category: Bankruptcy Issues Archive
Filing Bankruptcy in the Middle of a Foreclosure
If you file bankruptcy in the middle of a foreclosure, I wouldn’t be at all surprised if you thought that that would be reason enough for the foreclosure sale to be disrupted, as a technicality of sorts. Well, the easy response to that assumption is, no, it won’t, but it ...
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Credit Card Debt and Bankruptcy: Will I Get Sued?
As a bankruptcy attorney, I am often asked about credit card debt. More often than I would like, however, those questions come in the style of, “How bad am I going to get sued by the collection agency?” Other variations on this topic include concerns regarding whether or not a ...
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Listing Collection Agencies During the Filing of Bankruptcy
Often unpaid debts can change hands many times during the course of attempted payment, especially when the debt is old. It is often impossible to list all the collection agencies who have handled a specific debt while filing your case. It is also unnecessary. You do not need to be ...
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Filing that Second Bankruptcy: Should or Should Not?
Poor financial decisions, recessions or the loss of a job can happen at any time during a person’s life. These times may happen more than once in a person’s life and require considering many less than ideal options. Sometimes filing a second bankruptcy is a way to wipe the slate ...
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The Status of Your Home During Chapter 7 Bankruptcy
Often people are worried about losing their home when considering filing for Chapter 7 bankruptcy. The fear of losing their home often inhibits people from filing for bankruptcy protection regardless if there is any equity in the home or not. A bankruptcy homestead exemption is the amount of equity that ...
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Your Credit Union and Your Bankruptcy
Credit unions are allowed special circumstances in regards to a member filing a bankruptcy. If debt to a credit union is included in a Chapter 7 bankruptcy there is no hope for continuing current or future association with them or any other branch whatsoever. Eliminating debt during a bankruptcy with ...
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Filing Chapter 7 Bankruptcy on a Small Business
It is very courageous and ambitious to own a small business. There are many risks involved. Sometimes the risks pay off and sometimes a business owner is forced to close their doors due to financial hardship. It may be difficult to recover the entrepreneurial spirit that you once had if ...
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Property Loan Modifications
There has been an evolution of the mortgage crisis. During the time of this crisis, many lenders were rejecting all loan modifications. Many clients were forced to file Chapter 13 bankruptcy in order to attempt to save their homes and pay toward delinquent mortgages. Many could not afford the bankruptcy ...
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Steps to Filing Bankruptcy During an Impending Divorce
There are many things to consider when making major life decisions like filing for bankruptcy, especially in the midst of, or an impending divorce. Protecting your credit is very important during this time for your financial freedom in the future. If your name is on the mortgage loan and you ...
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Bankruptcy and the State of a Deed After Divorce
It is common for one spouse to sign off on a property title during a divorce. However, creditors aren’t part of these divorce agreements, and specifically, mortgage companies are not required to take your name off the original loan. You and your ex-spouse are still both legally responsible for the ...
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