Bankruptcy is a terrific tool for eliminating debt. You can get rid of all kinds of credit card debt, medical bills, old auto repossessions, personal loans, and other unsecured debt. Bankruptcy also stops creditors in their tracks. Is someone trying to repossess your...
Just a Garden Variety Bankruptcy Part 2
In part 1 we learned how this “ordinary guy” made a decent income. It was enough to afford a condo, a used car, and the expenses of everyday life. In part 2 we will see how credit cards got him into trouble, and how we were able to help. Ordinary Problems...
Just a Garden Variety Bankruptcy Part 1
If you’ve been reading about bankruptcy for a while, you’ve probably seen lots of stories about unusual circumstances that forced people into bankruptcy. You might have read about a guy who got into some kind of accident, or someone who contracted a tragic disease...
So How Much Does it Cost to File for Bankruptcy? Part 2
In Part 1, we learned about the common complaint that if you could afford the fees to file for bankruptcy, you wouldn’t need bankruptcy in the first place. We also saw how this is entirely wrong. In Part 2 we will see how there actually is some validity to this...
Our Client Who Paid off Her Tax Debt With Credit Cards Before Filing for Bankruptcy – Don’t Be Like Her Part 2
In part 1 we learned about one of our clients who decided to pay off her tax debt with a credit card prior to filing for bankruptcy. Sounds clever enough, doesn’t it? After all, she took recent tax debt which cannot be eliminated by filing for bankruptcy, and turned...
Our Client Who Paid off Her Tax Debt With Credit Cards Before Filing for Bankruptcy – Don’t Be Like Her Part 1
Got some newish tax debt? Your bankruptcy attorney probably told you that it’s not going to get eliminated when you file for bankruptcy. But she also said something else. She told you that most if not all of your credit card debt will get wiped out when you file. So...
I Want to Keep a Credit Card When I File for Bankruptcy
So you want to file for bankruptcy, but you are wondering if you would be able to keep a credit card after you file. After all, it sure would be nice to have one – just in case of emergency of course. You know better than to get yourself back into debt trouble again...
Back to School: It’s time for Your Bankruptcy Credit Counseling Classes!
For some of you, school is just a distant speck in the rear-view mirror. High school, college, or whatever it was, happened so long ago that you can’t remember a single, solitary piece of useless information that they tried to cram into your brain cells all those...
Our Client and Her Surprise Creditors
If you’ve ever fallen behind on payments, then you probably have had some not-so-nice experiences with creditors. If you fall far enough behind and your debt gets sold to a collection agency, then you’re in for a real treat. Dealing with creditors by mail and by...
Big Brother Is Watching You
There are only three credit reporting agencies. Weather you like it or not, they are constantly monitoring your financial activity. Based on many factors such as how quickly you pay your bills, and how much outstanding debt and past due debt you have, each agency will...