Cheap Bankruptcy Lawyers – How to Quickly Find Them in 10 Minutes or Less
Are you planning to file bankruptcy but you’re not sure if you can afford to employ a lawyer? Everyone who is in bad debt problem would like to know how to find a cheap bankruptcy lawyer. Well, here’s how to do it in ten minutes or less. Online Resource #1: Use Yahoo! Local located in […]
How Long Does Foreclosure Take?
In Foreclosure Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose? First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is a default under the terms of most loan documents, lenders have neither the time […]
Property You Cannot Keep in Chapter 7 Bankruptcy
When filing for a Washington State bankruptcy, some types of property are typically non-exempt and can be used to pay at least a portion of the claims of creditors. Examples of non-exempt property include: cash and bonds (not part of a retirement account), investments over a certain amount, a second car (for single, non-married debtors), […]
The Primary Goal of Washington State Chapter 13 Bankruptcy
The primary goal of a Chapter 13 bankruptcy is to consolidate your debts and set up a manageable monthly payment. The plan is developed by undertaking an in-depth analysis of your current income, your current monthly expenditures, and your current debts. Chapter 13 bankruptcies are also often referred to as a “debt consolidation”, or […]
The Chapter 7 Bankruptcy Means Test
When you file a Chapter 7 bankruptcy petition, the means test is applied to make sure that you really need to file bankruptcy and that you aren’t “abusing” the system. That might sound confusing, but it’s in most cases a simple test, and the majority of debtors do ultimately qualify for Chapter 7 bankruptcy. The […]
Tips to Stop Car Repossession in Arizona
Filing for bankruptcy can stop car repossession in Arizona and may even allow the filer to re obtain his car. The Chapter 13 Bankruptcy can stop repossession. If your car has been repossessed by a creditor and not sold by him when you have filed for Chapter 13 Bankruptcy, then the court can order the […]
Foreclosure In Nevada: Myths & Mysteries
Foreclosure in Nevada? How, Whys, and Defense? By Malik W. Ahmad Attorney at Law [Malik Ahmad is a licensed attorney and admitted to practice to the Supreme Court of Nevada. Malik Ahmad is a solo practitioner and has his own law office in Las Vegas Nevada. Malik Ahmad is admitted to practice in all the […]
Chapter 7 Bankruptcy Exemptions
Federal and state bankruptcy laws reflect the public policy value that no one should be deprived of all of their property. The federal bankruptcy laws, as well as the state laws where you reside, therefore, both allow for certain “exemptions.” Federal exemptions are the same for all bankruptcy filers nationwide, while state exemption limits vary […]
How to Write an Economic Hardship Letter to Your Lender
How to Write An Economic Hardship Letter? By Malik Ahmad, Attorney at Law (No copy rights reserved: Use it extensively with your own revision at your own risk, just send me an email of acknowledgement. No legal advice is meant and provided here] [Malik Ahmad is a Las Vegas Attorney having his own law office. […]
Writing a Loan Modification Hardship Letter
A financial hardship letter explains to your creditor why you are in financial trouble and requests a specific remedy to help you through the crisis. There are different reasons for writing a hardship letter, but the most common these days are: Requesting a loan modification or restructuring Requesting a short sale to avoid foreclosure The […]