Category: Bankruptcy Issues Archive
Factors to Consider When Deciding Whether or Not to File Bankruptcy
Whether you have a history of eviction, credit card debt, a repossessed car, broken cell phone contracts, or unpaid hospital bills, there are many things to consider before filing bankruptcy. If bankruptcy seems like a good way to become unburdened from this type of financial past, which kind of bankruptcy ...
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“Working a Deal” with your Mortgage Lender Post-Bankruptcy
In some situations, a mortgage lender will get in touch with a homeowner years after they filed for Chapter 13 bankruptcy suggesting that they “work a deal.” Is it possible to work a deal with your mortgage lender post-bankruptcy? The quick answer is yes! It sounds like an appropriate time ...
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Will Bankruptcy Help Fight Credit Reporting Mix-Ups?
We’ve all known someone at some point or another who was named after their mother, father, grandparent, etc. In these situations, it is surprisingly common for the credit reporting agencies to receive a “mixture” of information on the different individuals with matching names. It doesn’t seem to matter that the ...
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Bankruptcy Tips: When To File a Statement of Intention
One of the common questions associated with bankruptcy filing is WHEN to file WHAT paperwork! It’s handy to get some bankruptcy tips. There are so many different documents and they all pertain to specific situations and many have their own deadlines. One popular question is…When does the Statement of Intention ...
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Post-Bankruptcy: Buying a Car to Rebuild Credit?
If you are planning to file, are currently filed or have recently filed for bankruptcy, you have probably spent some time worrying about how you will rebuild your credit post-bankruptcy. We were recently asked if purchasing a car to rebuild credit post-bankruptcy is a good idea. There are a number ...
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Selling Your Property Inside an Active Bankruptcy
If you are considering both selling your house AND filing for bankruptcy, you should consider a few “bankruptcy” facts before moving forward. First, there are differences between the bankruptcy dismissal and the bankruptcy discharge. A bankruptcy discharge indicates that all debts are written off or paid in full. However, a ...
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Obtaining Bankruptcy Protection
When a person needs bankruptcy protection, they often cannot afford to pay their attorney for filing the bankruptcy. In such a case, one could look to their family to assist them in paying these fees so that they can receive the protection they need. There is a possibility that a ...
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Bankruptcy Post-Divorce: Good News & Bad News
If you are filing for bankruptcy post-divorce and you owned a home during your marriage…we’ve got both good and bad news for you. If a Home Equity Line of Credit (“HELOC”) is included in a Chapter 7 bankruptcy, the liability on that HELOC is gone once a discharge notice is ...
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The 3 Worst Things to Do Before You Declare Bankruptcy
If you’ve decided to declare bankruptcy, I hope you’ve talked to a professional and you have all your ducks in a row. But if not…you may be unaware of a few very important aspects of bankruptcy. First, it’s a real legal process. You can’t just fly by the seat of ...
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Who Can Collect on My Home Loans Post-Bankruptcy?
After filing for Chapter 7 bankruptcy, you receive a discharge of debt. Many who do so, continue to pay their mortgage payments (and second mortgage payments) even though they did not reaffirm the debt during their bankruptcy. This means that they did not agree to continue paying according to the ...
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