Tag: westgate law Archive
Walking Away from the House Post-Bankruptcy
Justin Harelik
May 25, 2016
“Walking away from the house” has become a common enough phrase that it is regularly bandied about amongst the public. This is a result of the recession in recent years that resulted in so many losing their homes, finding themselves upside down in their homes or considering moving out and ...
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Receiving an Inheritance Post-Bankruptcy
Justin Harelik
May 23, 2016
Bankruptcy in and of itself is a simple idea. It is the process by which a consumer applies for a discharge of debts due to severe financial strain. The complexity occurs when you realize that those consumers are people who are living their lives. They experience surprises, unplanned events, complications ...
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Addressing the Consequences of Fraud with Bankruptcy
Justin Harelik
May 20, 2016
The majority of card fraud occurs in the United States. In fact, research conducted by Barclays indicates that 47% of worldwide card fraud occurs in the U.S. even though we only claim 24% of the worldwide card volume. In 2014, 31.8 million U.S. consumers had their credit cards breached. That ...
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Bankruptcy Basics: Halting the Garnishment of Your Paycheck
Justin Harelik
May 16, 2016
Bankruptcy petitioners always have a reason that they filed for bankruptcy. In every instance it was because they had too much debt to handle, but in almost every instance there was also that one last problem or situation that caused them to make the leap to petition the court for ...
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Bankruptcy Does Not Discharge Criminal Debts
Justin Harelik
May 13, 2016
If you are facing a major amount of criminal debt and feel you have no way to feasibly cover the financial burden it imposes, you may be considering bankruptcy as a solution. The first thing you should know in this situation is that bankruptcy does not discharge criminal debts. The ...
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Bankruptcy’s Law of Preferences: Getting Garnished Wages Back
Justin Harelik
May 9, 2016
When in a tight situation financially, it can get to the point where you thought you could manage or catch up and suddenly, your bank account has been cleaned out and your wages are being garnished. This can be completely devastating as it leaves the individual (and sometimes family) without ...
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Purchasing a Vehicle Before Receiving Bankruptcy Discharge
Justin Harelik
May 6, 2016
There are many bankruptcy petitioners who fear the consequences wreaking havoc on their ability to have a vehicle and stay mobile. Bankruptcy laws may leave petitioners aware that they can’t keep the vehicle they have currently (for a number of different reasons), but equally aware that they will need a ...
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Bankruptcy is Particularly Popular Amongst Baby Boomers
Justin Harelik
April 25, 2016
A recent study (American Bankruptcy Institute, ABI Journal, September 2007) indicated that 42% of people filing bankruptcy fall between the ages of 45 and 64. It appears that older Americans are filing for bankruptcy protection at a drastically faster rate than their younger counterparts. In fact, “Baby Boomer” bankruptcies are ...
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The Importance of Being “Credit Worthy”
Justin Harelik
April 22, 2016
What does it mean to be “credit worthy” and why does everyone care so much? Is it actually that important? Credit scores in today’s society can actually be critical. They are used as a determination of a borrower’s risk. They are used to determine insurance rates. They are used to ...
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Signs That You May Be Headed for Chapter 7 Bankruptcy
Justin Harelik
April 20, 2016
You may think that it should be obvious if you are headed for the type of financial situation that requires a bankruptcy filing. But in many cases, a number of issues come to a head at the same time, leaving consumers confused and unsure about where they are and if ...
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