One question that I am asked many times, and it is always a surprise to me, is “Can I file bankruptcy when I am collecting disability?” The answer is “Of course you can.” Generally speaking, you do not need a reason to file bankruptcy. As long as the debt was not incurred through fraud or […]
Bankruptcy And Disability Read More »
The tax season is the busy season for bankruptcy filings. That is because it is the one time of year where people in financial distress have some money, their tax refunds, and thus can “afford” to file bankruptcy. However, tax refunds raise a number of issues. I was at a Trustee’s hearing recently, and sure
I am surprised by the number of people who ask me if they will be “allowed” to keep their house or their car if they file bankruptcy. If these people were owners of mortgage-free mansions or paid off Lamborghinis, I would understand the question. But most of these people have houses that are under water
Bankruptcy Is Not Punishment Read More »
Question: What does it cost to file Chapter 13 bankruptcy and how does it work? Answer: I typically charge $3600, and that includes all of the expenses including filing fees, credit counseling and debtor education fees that go into every single chapter 13 filing. As such, my attorney’s fee is roughly $3250. “How does it
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Question: Can you file bankruptcy on medical bills that have liens in them? I had a accident, my ex lawyer sent me to doctors and so on. Where I live they put liens on medical bills. My lawsuit was dropped now have all these medical bills I can’t afford to pay Answer: Filing bankruptcy will
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Question: After chapter 7 discharge & not paying the 2nd mortgage, what am I responsible to pay, to get rid of 2nd mortgage lien? If I stop paying the home equity loan after my mortgages were discharged in my chapter 7, and continue to pay the first mortgage to keep the house, I’m pretty sure
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One issue that we have been encountering from time to time of late is the problem of people filing bankruptcy without being aware of what their parents have done in terms of managing their own estate. In the good old days, estate planning was simply a matter of writing a will. Wills are not an
Bankruptcy And Mom’s Estate Plan Read More »
This time of year the most popular bankruptcy payment plan involves having the clients come into the office and deposit $200.00 now, and then paying the rest when they receive their tax refunds. By depositing $200, we can stop the creditor phone calls throughout the holiday season and well into the new year. In addition,
Favorite Fall Bankruptcy Payment Plan Read More »
I hear advertisements for all kinds of alternatives to bankruptcy which imply that they will not hurt your credit. I have always been put off by these claims because either you are paying your bills on time and in full, or you are not. If you are not, your credit gets hurt. I note how
Bankruptcy VS. The Alternatives Read More »