When you face serious financial problems filing Bankruptcy may well be a necessary and correct path for you. But caution is always required. By consulting with a law firm that has years of experience with Consumer Bankruptcy you can steer clear of some big pitfalls. These are some of the serious DON’Ts to avoid when filing
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Bankruptcy Video
The benefits of successfully completing a Chapter 13 are obvious such as reinstating a home mortgage or saving one’s car and being debt free upon discharge. BUT, there is more. A recent Harvard University study found: The authors believe a successful Chapter 13 yields these positive effects because filers have an increased incentive to work
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Chapter 13 Video
The current trend in technology has made driverless cars a reality. These driverless cars are made with the aim of avoiding car accidents, but as it stands now, there is still a long way to go. Currently, there is a limited testing and deployment of these autonomous cars especially due to numerous accidents they have caused
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Automobile Car VideoSadly the Supreme Court of the United States in a unanimous decision held that a Chapter 7 Debtor cannot wipe out an underwater second mortgage. The case is Bank of America, N.A. v Caulkett, 575 U.S. _ (2015)(June 1, 2015) An example of an underwater 2nd mortgage would be as follows: This case did not change anything
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Chapter 7 Mortgage VideoIF I FILE BANKRUPTCY CAN I REBUILD MY CREDIT? WILL I BE ABLE TO BUY A HOUSE? Bankruptcy cases show up on your credit report as a bad mark but it often cleans up other bad marks. Also, it reduces your debt to income ratio. So there is good and there is bad. Credit reports
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Bankruptcy Credit VideoWalking down any street in America you’ll likely pass one or several homeless people. Some people might choose to put a few dollars in their cup, while others may simply be at capacity already dealing with their own problems and may forge ahead without considering the homeless person. It’s hard to know what’s going on
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Bankruptcy Debt VideoWhat happens when I have a Personal Injury claim and I need to file a Bankruptcy? Can I protect a potential settlement or judgment? The answer is “Yes” you can file bankruptcy, protect your claim, and even keep your current lawyer. The problem most frequently arises when a person is hurt in an automobile accident
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Personal Injury VideoBetween 2005 and 2008, the banking industry offered Home Equity Lines of Credit (HELOC loans) to thousands of homeowners. If you have one coming due, you may have a major problem on your hands. The HELOC loans generally only charge monthly interest payments for a certain period of years. When the loan expires, the homeowners
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Home Equity Mortgage VideoThe idea of filing for bankruptcy is difficult for many people to swallow. Among other things, the shame of letting themselves get into financial hardship can keep people from taking that action. While the process can be difficult to commence, the reality is there are times when it is necessary to simply regroup and start
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Bankruptcy Marriage Video