Bankruptcy
The Secret Credit Card Companies Don’t Want You to Know
You’ve probably seen and heard the commercials about “The secret the credit card companies don’t want you to know?” Intriguing isn’t it? If there were some way to snap your fingers and make that credit card debt disappear wouldn’t we all want to try it? The announcer’s confident voice carries […]
Top Things to Know About Bankruptcy
Won’t Bankruptcy kill my credit? By law the fact of your Chapter 7 bankruptcy filing stays on your credit report for 10 years. At the same time, I tell my clients that they will receive credit card solicitations in the months after their bankruptcy case closes. Throw them in the […]
Eight Things That Happen After You File Bankruptcy
People facing mounting debt and collections often consider the bankruptcy option but what really happens after you file bankruptcy? You may have read about bankruptcy. You probably weighed the pros and cons. Even if you felt uneasy or even shock about the very idea of a personal bankruptcy filing there’s […]
Bankruptcy Filings: Penney’s, Pandemic & Personal Filings
2020 has been a year marked by trauma, virus, political upheaval and bankruptcy filings. For years the ease of online shopping gained enormous popularity. How easy is it to simply search, click and buy as opposed to getting in the car, fighting traffic and dealing with the hassle of parking, […]
Common Bankruptcy Questions
Common Bankruptcy Questions Here are questions we often get about the bankruptcy process and how it affects people who file: Will I lose my car or my house if I file Chapter 7 bankruptcy? The vast majority of people who find themselves in the position of facing a Chapter 7 […]
Bankruptcy After Covid-19
In the midst of Covid-19, Congress passed a relief package which included changes to bankruptcy law after Covid-19. Most attention to the federal government’s corona virus bill focused on stimulus payments. People looked for help to those unemployed by the pandemic. Unemployment claims skyrocketed Congressional action gave relief to those […]
COVID-19 Legal Shutdowns: A New Hampshire Update
COVID-19 legal shutdowns continue. The New Hampshire court COVID-19 shutdown continues. Consistent with national efforts hoping to stop the spread of the virus, New Hampshire state courts have extended the suspension of normal operations. The initial shutdown of normal state court operations went through April 6. That date has now […]
Stopping the Bills with the Automatic Stay of Bankruptcy
Stopping the bills. They pile up. You want to pay them. You think about how to juggle finances to stop the bills and collection notices. Some of the bill collectors or credit card companies behind them may even have started actions in small claims or other courts. The automatic stay […]
Before Filing Bankruptcy: What to do, What to Avoid.
Before filing bankruptcy think about taking steps to make sure your case goes smoothly. If all goes well in a chapter 7 bankruptcy, unsecured debt, including typical credit card debt, goes away in just under 4 months. Can you keep your favorite credit card? Are one or two credit card […]
Surrendering a Car in Bankruptcy: The Best Option For You?
Surrendering a car in bankruptcy means you give up the car. But, the chapter 7 surrender also means the loan goes away. People often ask me if they can keep their car if they file bankruptcy. And if they have a modest car without a lot of “equity”, the answer […]
