Tag: chapter 7 bankruptcy Archive
Your Credit Union and Your Bankruptcy
Justin Harelik
November 16, 2015
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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Bankruptcy and the State of a Deed After Divorce
Justin Harelik
November 4, 2015
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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Factors to Consider When Deciding Whether or Not to File Bankruptcy
Justin Harelik
November 2, 2015
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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Bankruptcy Tips: When To File a Statement of Intention
Justin Harelik
October 23, 2015
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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Bankruptcy Post-Divorce: Good News & Bad News
Justin Harelik
October 9, 2015
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
Justin Harelik
October 7, 2015
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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Are Homeowners Eligible to File Chapter 7 Bankruptcy?
Justin Harelik
September 25, 2015
The two most common bankruptcy options are: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Many individuals worry about filing bankruptcy for fear that they will lose their house. Others, who have learned they don’t have to lose their house when they file for bankruptcy, still think that they have to ...
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Post-Bankruptcy: When is My Name Removed from the Deed?
Justin Harelik
September 2, 2015
Once you’ve filed for Chapter 7 bankruptcy and received your discharge of debts, your mortgage lender’s attorneys could still contact you even if you included your home in your bankruptcy. Such letters will often urge you to contact the lender for options: loan modification, short sale, deed-in-lieu of foreclosure, forbearance, ...
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Can the Trustee Come After My Assets when My Ex Files Bankruptcy?
Justin Harelik
August 26, 2015
When your ex files bankruptcy soon after the divorce, in some cases, the trustee will discover discrepancies in the handling of the marital assets. If they do, they could contact you regarding assets that your ex is entitled to that you may be in possession of in order to use ...
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Can I Buy My House Back at Auction After My Bankruptcy?
Justin Harelik
August 20, 2015
You filed for Chapter 7 bankruptcy earlier in the year and included your home since you owed substantially more than its now worth. You are still occupying the home and are now wondering if you can buy your own house back at the foreclosure auction. You have the money, but ...
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