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How To Deal With Forward-Looking Approach Projected Disposable Income Rule...
The 2005 Bankruptcy Code Amendments really shook up Chapter 13 cases and changed the way attorneys need to deal with personal injury awards. The new definition of “projected disposal income” verses...
View ArticleNew Projected Disposable Income Rules In Chapter 13 Plans
I recently have received several phone calls from my colleagues asking me, “Can a Trustee move a court to modify an already confirmed Chapter 13 plan claiming new found income of the Debtor?” The...
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Why Should I File A Chapter 7 Case and Not Do A Debt Settlement?
Many consumers that are dealing with debt issues ask this question often and many times before ultimately making a decision on what to do. Some of the problems that lead to the back and worth and...
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Should you file a bankruptcy on your own?
Many people who are considering filing for personal bankruptcy do so because money is tight and they can’t afford to pay their bills. So, if you can’t afford to pay your bills, why should you pay good...
View ArticleThe Three Real Truths Not To Ignore About Student Loans:
Our firm has received a lot of phone calls from people seeking help on how to deal with Student Loans. The inquiries are from total default of the loans to facing the last forbearance time frame and...
View ArticleWhy a Chapter 13 bankruptcy case is the answer if you have student loans in...
Many clients call our office and seek help with dealing with student loans. I always advise clients to pick up the phone and speak with your student loan agency and see if you can start making an...
View ArticleWhy reaffirming a mortgage is a very bad idea
A common question that I am asked by my clients who file Chapter 7 bankruptcy is, “will I be able to keep my house”. This question is one that is a bit loaded, in that the answer really depends upon...
View ArticleWhen should you consider converting to a Chapter 7?
Many people who file personal bankruptcy do so because they are behind on their mortgages or car payments. Others file simply for debt relief from significant unsecured debt such as massive credit...
View ArticleWake up call on Projected Income in a Chapter 13 case
I wrote a blog a few weeks back about personal injury cases and the projected income issue that they cause for a debtor. The reality is that projected income is becoming a new trend for Chapter 13...
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What is the automatic stay and how does it help me?
Many people who file bankruptcy do so to seek relief from their debts. This is a given. However, there are other benefits to filing for bankruptcy that in many cases far outweigh the simple aspect of...
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Curing and Maintaining Student Loan Arrears Under 1322(b)(5)
Graduation means debt Judge Feeney, of the Boston Bankruptcy Court, ruled today that 11 USC 1322(b)(5)may be used to cure arrears on student loan debt. Under this section, a Debtor may elect to...
View ArticleYes Tax Liens Can Be Eliminated!
If you are reading this blog, you might be facing IRS or state tax liens that have been placed upon all your property. You might be thinking that there is no way out of these liens and your credit life...
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Financial Health — how to get there?
The New Year often brings several resolutions on how to change one’s life for the better. These resolutions come in general categories. People want to be healthier, lose weight, spend more time with...
View ArticleWhat happens if you don’t list all of your debts when filing bankruptcy?
Often times when I talk to a client about filing for bankruptcy they often ask me the question, “do I really need to include everyone?”. In many situations, Debtors have a friend or family member, who...
View ArticleWhat happens to my mortgage if I file bankruptcy?
Many homeowners facing serious financial problems turn to the United States Bankruptcy court for debt relief. They are looking for a way to eliminate all of those pesky credit card bills. In some...
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Defaulted on Student Loans, what now?: The 1 Trillion Dollars Question
You are probably reading this blog if you either defaulted on your loans or you are about to. The reality is that you are certainly not alone in your circumstances. The United States government...
View ArticleCan You Strip a Second Mortgage in Chapter 13 After a Chapter 7 Discharge?
Can you strip a second mortgage in a Chapter 13, even if you’re not entitled to a discharge of debt due to a previous bankruptcy filing? Many Debtors find themselves in a situation where they do not...
View ArticleWhat To Do With Payday Loans If You Cannot Pay Them?
To begin, if you read my other blog article on why you should not incur payday loans you would understand my position on payday loans. If not I will put my position in nut shell—NEVER, NEVER use a...
View ArticleWhat rights do home equity lines have after I file bankruptcy?
Many homeowners have found themselves with negative equity in their property. As such, they have made the decision not to pay their second mortgages or home equity loans. They do this with the...
View ArticleCannot Pay Debts Because You Are Waiting on Social Security Disability...
It is tough enough to deal with your injuries that you suffer from daily, let alone deal with collection agencies that continue to remind you that you cannot pay your bills due to your medical...
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