Garnishment, Bankruptcy & Foreclosure
This post is to provide notice to all of our clients and friends that there is a huge telephone scam going on across the country. Please share it with your friends. Here is the set up: An automated voice calls you and says " This is X from the IRS. The IRS is preparing to file a lawsuit against you…Read More
Things have changed financially in your life. What can you do to create a game plan to solve it? One approach that people attempt to take is ignore the problem and hope it goes away. However, as people quickly find out, ignoring a financial problem does not help. In fact, the longer you wait to solve it, the worse it gets.…Read More
One big hurdle to bankruptcy for some individuals is their cosigner. If you weren’t able to secure a loan on your own for a home or car, or if you cosigned with a spouse, then that cosigner is held liable for the debt in a Chapter 7 bankruptcy. Chapter 7 bankruptcy eliminates most debt in the form of a discharge,…Read More
I meet with over 250 clients a year. Based on my observations, the following are the top 6 Situations where bankruptcy protection is helpful to get your financial life under control: 1. Lawsuit and Pending Garnishment. You got served with a lawsuit for some unpaid bill, didn’t do anything about it and got a judgment against you. Now, the creditor…Read More
If you cannot pay all of your living expenses on time on a regular basis, you probably should meet with a bankruptcy lawyer as soon as possible to analyze your financial situation and find out your options. If you have accounts in collections or your are getting your wages garnished, the sooner you find out your options, the better. There…Read More
The short answer is "Yes" for most people. Chapter 13 bankruptcy typically provides a global solution to your financial situation for the vast majority of people. Financial problems don't "go away" by themselves. But, there are effective tools for you to take control of your financial situation and set you up for a fresh start and success going forward. If…Read More
When you file for Chapter 7 or Chapter 13 bankruptcy, there is a federally mandated requirement that you undergo credit counseling and debt education courses before and after your filing. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 required all filers to get courses through government-approved credit counseling agencies. However, that stamp of approval doesn’t mean all counselors are…Read More
An adversary proceeding is a lawsuit filed within a bankruptcy. It’s filed when someone in the process, such as the trustee, the creditors, or the filer, has a complaint with another party to the bankruptcy. It could be because one party thinks another party has violated the rules, or because one party believes they should not be held liable for…Read More
Finding a good bankruptcy lawyer is paramount to a good outcome in your bankruptcy case. An ideal outcome in a bankruptcy case would be getting as much debt relief as possible while getting to keep as many of your assets as possible. Your goal is to find the best experienced bankruptcy lawyer for You....Your goal should not be finding a lawyer who…Read More
The automatic stay is a bankruptcy protection that "puts the brakes on" so that creditors have to stop all collection efforts so that the Debtor (person filing bankruptcy) and the Bankruptcy Trustee have an opportunity to have a more time to evaluate the financial situation. When you file for bankruptcy, the automatic stay freezes collections activities in order to give…Read More