Tag: westgate law Archive
Re-establishing Your Credit After Filing for Bankruptcy
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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Do I Have to Include Loans I Co-Signed in My Bankruptcy?
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
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
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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Post-Bankruptcy: Rebuilding Your Credit
Credit rebuilding is of no small importance in the life of a post-bankruptcy individual. Many of these individuals, however, have trouble finding a substantial source of income and, therefore, they may believe they will have some difficulty rebuilding their credit scores. I could understand why one would believe this, but ...
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Joint Credit Accounts and Filing Bankruptcy
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
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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Bankruptcy & Divorce: Who Gets the Assets?
In a divorce, it can be difficult for both parties to agree on which assets belong to who. A situation wherein one individual receives the home and another receives other assets or, in some cases, nothing, can be complicated even further if the person that receives the home does not ...
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Bankruptcy Options: Including Closed Accounts in Bankruptcy
There are many benefits of filing for bankruptcy. It’s a serious remedy to a serious problem. Some consider filing for seemingly nominal reasons. Luckily, most of these will reconsider due to the fact that bankruptcy is not an easy process without repercussions. It is an effective process that should be ...
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Southern California Bankruptcy: How Exactly Does this Work?
Filing bankruptcy is intended as a protection for consumers from overwhelming debt. It seems simple at the outset, but it’s like having a house built. If you’ve never done it before, it seems like a simple concept. You look at them and then decide which one you like best and ...
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