Why you should educate yourself about bankruptcy as an option before going the debt settlement route.
Why you should educate yourself about bankruptcy as an option before going the debt settlement route.
Without a doubt, one of the most frequent questions I get is about credit scores. The question is always some version of: Will a bankruptcy ruin my credit score forever? Americans have an unhealthy obsession with bad credit, as though a credit score were an indicator of self worth. This obsession ...
Bankruptcy filers who would like to rebuild their credit are justifiably concerned about how long a bankruptcy can appear on their credit report. The answer is that bankruptcy information can stay on your report for 10 years. Most other types of negative information can be reported for 7 years. Usually, a Chapter 7 stays on a ...
Many people who call are concerned about their eligibility for a Chapter 7 bankruptcy and wonder if their level of debt will allow them to file for bankruptcy. The answer is that there is no minimum debt amount required to file a Chapter 7 bankruptcy. A more important issue is whether you earn enough income ...
Most bankruptcy filers do not have to go to court. Instead, every Chapter 7 case will be scheduled for a meeting of creditors, which does not take place in a courthouse. In Newark, New Jersey, the meetings of creditors take place in a downtown office building. Most large creditors (such as credit card companies) ...
Image by S Migol via FlickrPlanning on transferring your largest asset to a relative just before filing for bankruptcy so that the bankruptcy court can't get to it? As a bankruptcy lawyer, I ...
Image by mollyjolly via FlickrWhich debts should you put in the bankruptcy and which ones should you leave out? Answer: You are required to list all ...
Image via WikipediaThe whole issue of whether you should repay someone to whom you owe money before you actually file for Chapter 7 bankruptcy ...
Don’t believe the negative myths about bankruptcy. Here’s why.
