Tag: chapter 7 bankruptcy
Car In Bankruptcy: Redeeming & Other Options
Bankruptcy brings eye opening awareness of personal finances and one nagging issue for many is what happens to a car in bankruptcy. If it is a reliable car with affordable payments can you keep it? If it’s an old clunker can you get rid of it? What about a car […]
PERSONAL INJURY CLAIMS IN BANKRUPTCY
Personal injury claims in bankruptcy present a challenge. As with most challenges, knowing the landscape helps address the issue. Bankruptcy laws require that all assets be identified and listed in the various petitions, statements and schedules that are part of the filing. This is because, if you’re filing a chapter […]
What is a Bankruptcy Discharge Violation?
When a bankruptcy petition is filed, an automatic stay goes into effect immediately, ordering a stop to all collection activity with the force of a federal injunction. Later, when the bankruptcy court issues a discharge, the legal obligation to pay the debts terminates. Bankruptcy stops collection activity. But what if […]
Can I Ever Get Credit After Bankruptcy?
New loans and credit cards may present less of a challenge than you’d think after bankruptcy. But there’s a lot to think about before bankruptcy filers drag themselves down with new loans. Bankruptcy, in the right circumstances, cleans the slate for a new financial life. The U.S. Supreme Court explained it in […]
Parking Tickets and Bankruptcy – Discharged?
Parking tickets – one of the nightmares of having a car in the city. People filing chapter 7 bankruptcies find tickets can be like a bad movie, they just won’t go away. Here’s the problem: The U.S. Congress enacted the bankruptcy code, so we can’t be surprised that the law […]
What Address Do You Use For Creditors in Bankruptcy?
What address do you use from all of your bills in filing a bankruptcy? Bankruptcy rules require listing all creditors both on the right schedule for the type of debt but also on the matrix. A bankruptcy noticing center mails notices based on the matrix. The Secret In The Fine Print of Credit Card Bills A key question arises: “what […]
Debt Consolidation and Other Options
Bills are overwhelming us, especially credit card debt. Is it to our advantage to think about debt consolidation? Many credit counseling and credit repair agencies, in the experience of my clients, in fact do more damage than good. Some, again in my experience through my clients, are outright fraudulent. The […]