Credit Counseling vs. Bankruptcy
Read this clearly: These companies are worse than bankruptcy! Credit counseling or credit consolidation companies are owned by banks. They promise to lower all of your bills into one payment. They then deduct this payment from your bank account each month. The idea is very similar to a Chapter 13 payment plan. However, what they […]
Avoiding Bankruptcy – 3 Steps You Can Take to Ensure You Never Have to File
Avoiding bankruptcy is possible if you learn to avoid bad financial habits that commonly lead to economic distress. Also, the earlier you discover them, the better. Americans have become a nation existing on credit. There are a lot of explanations for the increase of the “credit habit” in the U.S., but it fundamentally boils down […]
Removing Property Liens in Chapter 7 Bankruptcy
Removing Property Liens in Chapter 7 Bankruptcy By Jacqueline S. Edington, Paralegal Normally a second mortgage lien can not be removed in a chapter 7 bankruptcy. However, if the creditor has put a “judgment” lien on the home instead of a “mortgage” lien; it can be done. We recently had a debtor […]
How to Keep Your Car and Lower Your Payments with a Chapter 13 “Cram Down”
An increasingly popular aspect included in the Chapter 13 Bankruptcy code is delivering a sizeable benefit to automobile owners who wish to keep their vehicles while lowering payments and reducing the price of the car. Using a strategy known as a “Cram Down”, California bankruptcy lawyers are savings their clients thousands of dollars by modifying […]
Should You File For Bankruptcy Jointly With Your Spouse?
If you are married and contemplating filing for bankruptcy, you may be wondering whether to file alone or jointly with your spouse. Below are a few issues to consider in making this decision. Reasons to File JointlyFiling for bankruptcy jointly has two primary advantages. One is that filing jointly helps married couples handle joint debts, including taxes […]
Excercise Caution Before Taking Out a Payday Loan
When suffering financial difficulty, many consumer contemplating bankruptcy are tempted to keep their heads above water by taking out payday loans. Before taking out a loan, you should consider the advantages and disadvantages. Payday lenders receive their fair share of criticism over the high fees they charge consumers, but continue to flourish across the country. […]
Basics of Bankruptcy
There’s no magic formula for deciding when bankruptcy is the right choice. It’s an option you might consider if you are paying only minimum amounts on your bills, can’t budget yourself out of debt within five years or are getting notices that your mortgage or loans are being foreclosed. It’s an alternative when you’ve had […]
Arizona Bankruptcy Lawyer Launches New Website | Jackson White Law
Jackson White Law is one of the largest law firms in the greater Phoenix Arizona area. It is based in Mesa AZ with offices in Glendale and Peoria. It has been an established law firm that offers a full range of legal services since 1983. There has recently been much growth and change at Jackson […]
Detroit Bankruptcy Lawyers: What Is A Credit Counseling And Debtor Education Course?
Ever since Congress passed the mis-named Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, every consumer filer for bankruptcy has to take a Credit Counseling course within 180 days before filing their case and every filer desiring a discharge of their debts must take a debtor education course after their case is filed and before they receive […]
What Happens To Your Home If You File Chapter 7 Bankruptcy?
Where ever they are getting this advice it is wrong. If you can no longer afford to make the payments on your home, filing for bankruptcy will not save your home. The mortgage company as a security interest in your home, if you don’t pay for, they get a foreclosure to get the security interest […]