Who Is the “Bankruptcy Trustee” and How Can He or She Help or Hurt Me?
The three kinds of trustees in consumer bankruptcy have tremendous power over you. So it’s important to know what they do, and how to stay in their good graces. I’ll introduce them in this blog—the Chapter 7 trustee, the Chapter 13 trustee, and the United States Trustee. Then in upcoming blogs I’ll tell you more […]
What NOT to do after filing a bankruptcy case
Celebrity bankruptcies can teach you about your own bankruptcy about as much as celebrities’ lives can teach you about your life. Not much. But the bankruptcy of three-time baseball All-Star Lenny Dykstra CAN teach us something in the same way that fairy tales can teach kids about the lessons of life. The life lesson from […]
Bankruptcy CAN Help Resolve Your Business Tax Debts
You might have heard that bankruptcy cannot help with taxes. Especially with business taxes. That’s often not true. Let’s clear up some of the myths about this. Myth: Bankruptcy does not write off (legally “discharge”) taxes. Truth: While it is true that SOME taxes can’t be discharged, many others CAN be. The law is complicated. […]
“Automatic” Protection from Your Creditors
Many bankruptcy attorney ads in periodicals here in the South Florida area say: “Stop garnishments.” “Stop foreclosures.” “Stop repossessions.” So bankruptcy stops all those bad things. But is it as good as it sounds? How does it really work? There’s nothing more important than getting immediate protection for you, your paycheck, your home, and your […]
What Stops a Creditor from Chasing You After Its Debt Has Been Written Off in Bankruptcy?
Even though it’s illegal for creditors to try to collect on a debt that’s been discharged (legally written off) in bankruptcy, once in a while they do try. What makes chasing a discharged debt illegal? And what penalties can get awarded to you if a creditor breaks the law? In my last blog I […]
Audit Shows Capital One Bank Illegally Filed $24.7 Million in Claims for Debts Previously Discharged in Bankruptcy
One can understand if a major U.S. credit card company forgets that one of its customers had earlier written off their debt in bankruptcy. But forgetting this very important fact for 15,500 of its customers?!? It is bad enough that Capital One lost track that its old debts had been legally written off (“discharged”). […]
Write to Your State Attorney General
Enough is enough as lenders had their say and swayed of course in all loan modification programs and in preventing the foreclosures process. They have frustrated almost every program the government and the fed had announced. The latest of course was the Obama Plan, which was launched with great fanfare, and of course it had […]
How to Stop Foreclosure–General Tips
Nevada again is on top of the foreclosure statistics, and I really don’t feel the necessity of citing any sources. It is an open secret for quite sometime. Foreclosure is on the rise, and the tide has become uncontrollable especially in Nevada even after some phony good news. Even though I had written extensively in […]
Cheap Bankruptcy — 3 Tips On How To Get Low-Cost Bankruptcy
Low-cost bankruptcy can be an essential component to getting your finances under control. Most people file bankruptcy because the money situation has gotten out of hand. When facing bankruptcy, the last thing you want to do is spend your last dollar on the process. The good news is there are ways to find affordable bankruptcy […]
How Federal Laws About Mortgages Can Be Helpful to You?
How Federal Laws Can Be Helpful to You? (ii) Real Estate Settlement Procedures Act (RESPA) RESPA was designed to give home buyers and sellers better disclosure of settlement costs; and to elimination of kickbacks or referral fees that tend to increase unnecessarily the costs of certain settlement services. Prohibition Against Kickbacks and Referral Fees 12 U.S.C. […]