Articles from Robert Weed

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Bankers Hate Debt Settlement Outfits

Submitted by Anonymous (not verified) on Tue, 03/10/2026 - 00:33

Bankers Hate Debt Settlement Outfits
Bankers hate debt settlement. The seven biggest groupts of bankers all sent a letter to Congress in February 2026 asking for stronger regulation of the outfits doing debt settlement. The bankers says that those settlement plans “take years to complete, if ever.”
Now if you are in financial trouble, the bankers are not your friend. So why am I pointing this out?

Surprise Fees on Chapter 13

Submitted by Anonymous (not verified) on Fri, 03/06/2026 - 23:58

Watch out for this legal fee trap in Chapter 13
When Nan filed chapter 13 bankruptcy, her mortgage company hit her with a $1225 legal fee. Sadly, almost every home owner in Chapter 13 gets hit with a surprise fee. When you file Chapter 13, your mortgage company will charge you for their lawyer looking over your Chapter 13 plan and filing their court papers,  And usually they will send the bill to you. (On an official form, it looks like this.)

Too embarassed to talk to a bankruptcy lawyer?

Submitted by Anonymous (not verified) on Sat, 12/20/2025 - 21:55

Are you embarrassed that you can’t get by at 48.07 per hour?
Forty-eight dollars per hour, actually $48.07, is a hundred thousand dollars a year. That sounds like a lot of money, but people who are making that much are contacting me in record numbers. Maybe you should, too.

Is It Smart to Borrow from my TSP to Pay my Credit Cards?

Submitted by Anonymous (not verified) on Mon, 10/13/2025 - 00:13

Some People file Bankruptcy After They Drained their TSP
Some people file bankruptcy after they drained their TSP. Those people, people I meet as a bankruptcy lawyer, should have talked to me sooner and left their money safely in their TSP.

Here’s What We Need for our Next Meeting

Submitted by Anonymous (not verified) on Sat, 09/13/2025 - 18:52

Here’s what we need for our Be Happy meeting
To Be Happy, we need the necessary information and the bankrutpcy required documentsOur Be Happy meeting reviews information the bankruptcy court needs to approve your case. So you can “be happy.”

Bankruptcy Eligiblity is a Moving Target

Submitted by Anonymous (not verified) on Sun, 09/07/2025 - 21:21

Don’t sit on your Bankruptcy Eligiblity: It’s a moving target
In January, Larry came to talk to me about Chapter 7 bankruptcy eligiblity. He had a car repossession and about $25,000 in charged off credit cards. He was planning to get married and hoped to buy a house in a few years. His fiancé warned him they could never buy a house if he didn’t fix his credit.
Great, I promised, we can do a Chapter 7 bankruptcy to do exactly what you want.

Discharge and Dismissal in Chapter 13

Submitted by Anonymous (not verified) on Sun, 08/17/2025 - 01:37

Discharge in Chapter 13 is an Uphill Climb
For most people, most of the time, getting a discharge is the goal of a bankruptcy case. The Supreme Court put it this way.  “The principal purpose of the Bankruptcy Code is to grant a ‘fresh start’  to the ‘honest but unfortunate debtor.’ ” The discharge means the debts are gone.
About half Chapter 13 cases end up dismissed

How to Settle a Warrant in Debt

Submitted by Anonymous (not verified) on Wed, 07/30/2025 - 19:57

What’s the Best Way to Try to Settle a Warrant in Debt?
Do you want to avoid garnishment (and avoid bankruptcy) by negotiating your warrant in debt?  I get asked about that a lot. So here’s my best advice.
Go to court and Ask for a Trial
It doesn’t hurt to offer to settle before the court date, but low ball them. They will think you are scared to go to court, so they have no reason to make a good offer.

Eleven Weeks After Discharge

Submitted by Anonymous (not verified) on Sun, 06/29/2025 - 21:51

It’s Already Three Months Since Your Bankruptcy Discharge
How are you doing? Did bankruptcy work out the way you expected? Are you in control of your life, now?
I claim that after bankruptcy you will sleep better, you’ll be happier, your credit score will go up. Has that turned out like I said? I’d like to hear from you.

When Does the Postal Service Deliver Your Chapter 13 payment?  

Submitted by Anonymous (not verified) on Mon, 06/23/2025 - 20:00

How Quickly Does the Postal Service Deliver Your Chapter 13 payment?
When you are in Chapter 13, you need to make your monthly trustee payments on time–especially in the first four months of the case. So it doesn’t help that our Chapter 13 Trustee in Alexandria, Thomas Gorman, gets his payments at a bank in Memphis.

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