Stopping the Foreclosure of Your Home Temporarily and Permanently through Bankruptcy
Both Chapter 7 and Chapter 13 can help you save your home. Which one is better for YOU? You have almost for sure heard that the filing of a bankruptcy stops a foreclosure. You may have also heard that Chapter 13—the repayment version of bankruptcy—can be a good tool for saving your home in the […]
A Patriotic Fresh Start
If you’re financially hurting this 4th of July, you may not exactly be feeling like this is a great country. But it is.
The Amazingly Powerful “Automatic Stay”
Don’t take for granted the extraordinariness of bankruptcy’s automatic stay. That’s the federal law that stops creditors from pursuing you, your money, and your other possessions the moment your bankruptcy case is filed. In my last two blogs, I told you about the relatively rare situations in which the automatic stay does not apply—situations in […]
The U.S. Supreme Court’s Health Care Decision
Even without mentioning the word “bankruptcy,” the most important court decision in years may still have a huge effect on future bankruptcies. How? Possibly by greatly reducing the need to file bankruptcies resulting from medical debts.
What Can I Do If I’m Behind on My Vehicle Loan?
Bankruptcy saves your vehicle from immediate repossession. Whether you choose to file under Chapter 7 or 13 depends in part on how strong of a medicine you need for dealing with the back payments.
Don’t Get Disqualified from the All-Important “Automatic Stay”
In VERY RARE circumstances, ALL of your creditors can pursue you even if you file bankruptcy. Here’s how to avoid those rare but dangerous circumstances. In my last blog I listed three special classes of debts for which you can still be pursued in spite of filing bankruptcy. They are exceptions to the automatic stay, […]
Keeping Your Wheels in Bankruptcy
Under Chapter 7, you can pay your vehicle loan mostly by getting rid of all or most of your other debts. Under Chapter 13, you can pay your vehicle loan ahead of most of your other creditors.
Creditor Collections NOT Stopped by a Bankruptcy Filing
You can’t count that filing a bankruptcy will instantaneously stop every act against you by every one of your creditors. Or can you? Isn’t one of the most important benefits of filing bankruptcy the fact that it puts a screeching halt to all collection efforts of your creditors against you and your property? Yes, and […]
Debts You Really Care About, and WANT to Pay
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?
Debts from a Criminal Conviction Can’t Be Written Off in Bankruptcy, But a Bankruptcy Can Still Help
Three ways bankruptcy can help: 1) write off debts to focus on defense costs, 2) pay only the most important debts and expenses, and 3) reduce chance of related civil liability.