Category: Bankruptcy Issues Archive
Payday Loan Scams And Bankruptcy
Payday loan scams can happen both during bankruptcy and post-bankruptcy. They have become a problem over the last few years as they can get pretty nasty and very scary. Luckily, if you know what to look for, they are easy to recognize. The Payday Loan Scam: You have a payday ...
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Does it Make Sense to File Bankruptcy Due to Identity Theft?
In many instances of identity theft, the victims aren’t aware there is a problem for months or even years after the problem starts. The longer the problem goes on unchecked, the more severe the consequences can get. Many victims find themselves with frozen bank accounts, drastically increased interest rates on ...
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Bankruptcy Protection and What to Do When Creditors Ignore It
Sometimes creditors seem to completely ignore bankruptcy protection. For petitioners it can be extremely frustrating as one of the main benefits of filing for bankruptcy is to obtain relief from creditors seeking payment that isn’t available. When creditors ignore the protection provided by bankruptcy, there is action you can take. ...
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Filing Bankruptcy Without Involving Your Spouse
In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. ...
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Credit Cards and Bankruptcy – “Saving” Cards from Bankruptcy Discharge
Many southern California bankruptcy experts would argue that the single most important thing you need to do when considering filing for bankruptcy is STOP using your credit cards. The worst thing you can do for a potential bankruptcy case is to give the appearance that you are “running up” your ...
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Bankruptcy and Home Loans: What’s the Best Way to Save Your Home?
While divorce and separation are often caused by financial trouble, they can also lead to financial trouble. For instance, who keeps the house? Who makes the payments on the house? Who benefits from all the payments already made on the house during the years the marriage was intact? What happens ...
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Post Bankruptcy: Business Credit Cards and Personal Liability
When an individual files for bankruptcy both personally and for their business, credit accounts for the business that had the spouse’s name listed will sometimes come back for payment on the debt post bankruptcy. They’ll get in touch with the spouse who did not file bankruptcy. In some cases, even ...
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Judgment Liens and Mechanics Liens
If you filed for bankruptcy and noticed after the fact that there is a lien on your property resulting from a debt to a creditor originally listed in your bankruptcy, there is action you can take. The first step is to identify what type of lien is in place. There ...
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Filing a Bankruptcy Petition to Stop Wage Garnishment
Does filing a bankruptcy petition stop wage garnishment? Many who have or have had their wages garnished will eventually find themselves asking this question. The answer is yes. Stopping the garnishment isn’t impossible. It’s not even very difficult. But certain steps must be followed. Step 1: Complete the bankruptcy petition ...
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Obtaining a Loan Modification After Filing Chapter 13 Bankruptcy
If you are in the midst of financial crisis and your main goal is to stay in your home, the first step is often to file for a loan modification. If you have approached your lender regarding a modification for your mortgage to no avail (possibly multiple times) it may ...
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