Tag: file for bankruptcy Archive
Having Your Wages Garnished for a Debt Discharged Through Bankruptcy
Justin Harelik
October 26, 2016
The purpose of filing for bankruptcy is to get out from under an impossible amount of debt. In fact, when filing Chapter 7 bankruptcy, a successful ending will find the bankruptcy petitioner holding a discharge of debt that does just that. It discharges all eligible debt associated with the bankruptcy. ...
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I Owe More Than My Motorhome is Worth: What Should I Do?
Justin Harelik
October 25, 2016
We’ve all made mistakes. And we’ve all made good decisions that in the long run, had negative consequences. No matter how we go about predicting the future: algorithms, statistics, tarot cards…sometimes we’re wrong because the future has a way of coming at you when you least expect it. Sometimes the ...
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My Ex Filed Bankruptcy and Left Me Holding an Unpaid Medical Bill
Justin Harelik
October 24, 2016
Throughout the normal course of life, many of us end up having major medical emergencies, chronic conditions, etc. These situations can leave behind heartache, pain, and…financial disaster in the form of massive medical bills. Sometimes this can lead to bankruptcy. In fact, major medical bills are one of the commonly ...
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Bankruptcy Means Test: Can I Deduct My Boat Payment?
Justin Harelik
October 21, 2016
A big part of determining eligibility for bankruptcy protection is the means test. So when a bankruptcy petitioner has questions about the means test, we take them seriously. Not only is it vital that all the information is accurate, but it also has to be extremely thorough. When it comes ...
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Planning Your Bankruptcy…and Your Wedding?
Justin Harelik
October 20, 2016
When planning your wedding, hopefully debt and bankruptcy and financial trouble don’t need to be a part of the discussion. In a perfect world, the conversation would revolve around the flowers, the dress, the venue, the guest list, and…the wedded bliss soon to come! But sometimes, affianced couples DO have ...
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The Impact of the Quitclaim Deed
Justin Harelik
July 27, 2016
The quitclaim deed holds the statement that the person named (and whose signature the property bears) has quit ownership of the property listed and conveys it to the person who holds the quitclaim deed (grantee). The quitclaim offers no guarantee. In fact, someone with no ownership whatsoever is able to ...
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Can a Chapter 13 Bankruptcy Payment be Deferred?
Justin Harelik
July 11, 2016
When you declare Chapter 13 bankruptcy, the bankruptcy court determines a set pay schedule for a pre-determined amount of time. In cases where unforeseen events cause major dips and dives in the income of bankruptcy filers post-bankruptcy, they can come up against a major problem: the inability to make the ...
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Determining Whether You Owe on a 2nd Mortgage Post-Bankruptcy
Justin Harelik
July 7, 2016
Was your home equity loan reaffirmed during your bankruptcy? Have you been making payments towards the debt religiously ever since your discharge without being sure if they are being applied or not? Do you actually owe the debt or was it included in your bankruptcy discharge? These are huge questions ...
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Bankruptcy Basics: Social Security as Only Income
Justin Harelik
July 5, 2016
Bankruptcy is no longer dismissed by the masses as too extreme a solution to financial crisis. The masses are actually quite comfortable in modern society seeking out the protection that bankruptcy provides. Most are aware of the basic bankruptcy process and what it offers those in need of a clean ...
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You Co-Signed and They Defaulted, What’s the Next Step?
Justin Harelik
July 4, 2016
If anyone ever calls you and asks you to cosign a loan for them, regardless of who they are, your answer should be no. Don’t do it – unless you like the idea of financial trouble and pending bankruptcy proceedings. If you’re going to ignore this sage wisdom and become ...
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