Tag: filing bankruptcy Archive
Bankruptcy & Debt: Do Judgments Expire?
Justin Harelik
March 9, 2016
Sometimes individuals may be unaware that there is a judgment out against them. In fact, this can go on for years. Eventually, they do discover the issue. Most will receive a letter or some other form of contact from an attorney advising them that they have a judgment against them. ...
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Converting Your Bankruptcy: Chapter 13 to a Chapter 7?
Justin Harelik
February 22, 2016
Talking to a bankruptcy attorney is imperative when considering converting a Chapter 13 to a Chapter 7. There are many different issues you need to be aware of before you make this decision. If you are in a Chapter 13 Bankruptcy there is a possibility that converting to a Chapter 7 ...
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Should I or Should I Not: The Bankruptcy Dilemma
Justin Harelik
February 17, 2016
Bankruptcy can affect you for a long time, so it’s prudent to consider other options before jumping in with a petition for bankruptcy. Many business owners who come to a point where they have to acknowledge that their business is failing panic and this leaves them missing additional options, or ...
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Re-establishing Your Credit After Filing for Bankruptcy
Justin Harelik
February 9, 2016
Bankruptcy is just one of many reasons for a low credit rating. However, it isn’t all that difficult to re-establishment yourself in the credit arena. There are many lenders out there that are more than willing to open up a credit line to high-risk borrowers. Even people with little to ...
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Weighing Your Options: Bankruptcy or Credit Counseling
Justin Harelik
February 5, 2016
Let’s take a minute to look at the consequences of bankruptcy versus credit counseling. You could run into several difficult situations resulting from either one of these choices. I’m a bankruptcy and I’ve worked with a lot of different people considering (and taking action to complete) one or the other ...
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Do I Have to Include Loans I Co-Signed in My Bankruptcy?
Justin Harelik
February 3, 2016
Many bankruptcy filers come to me with unnecessary anxiety. They fear that they can’t list this creditor because last year they made a charge on the account. They’re nervous that they can’t list another creditor because they just opened the account a few months before when they were still gainfully ...
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The Bankruptcy Process: Chapter 13, Foreclosure & Chapter 7
Justin Harelik
February 1, 2016
There are several things you must consider before walking away from your home after filing Chapter 13. In a Chapter 13, your mortgage payments are rolled back into the loan, making the mortgage current. This is called a loan modification – eliminating any past due payments. The bankruptcy trustee assigned ...
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Credit Counseling and Bankruptcy Attorneys
Justin Harelik
January 28, 2016
For those of you that are familiar with my previous columns, you’ll remember that I’ve written quite a few articles on credit counseling and also that I do not like credit counseling. “Sure,” I hear you say, “Of course a bankruptcy attorneys don’t like credit counseling. It’s the competition!” And ...
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Joint Credit Accounts and Filing Bankruptcy
Justin Harelik
January 26, 2016
As I’ve said before, finances and credit concerns can be even more difficult to deal with when the individual involved has financial ties to another person. For example, if a potential bankruptcy petitioner jointly owns a house or a car with someone else, there would be reasonable concern there for ...
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Chapter 7 Bankruptcy: Too Much Equity in Your Home
Justin Harelik
January 25, 2016
One of the only times that having “too much equity” in your home will hurt you is when you are filing for Chapter 7 bankruptcy. It seems contradictory, but having too much equity in your home can seem to turn into a consequence for petitioners hoping to obtain a discharge ...
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