Articles from Robert Weed

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Virus update–March trustee hearings cancelled

Submitted by Anonymous (not verified) on Mon, 03/16/2020 - 00:12

Virus update–March trustee hearings cancelled. No rescheduling plan has been announced yet. (Will there be a call-in plan instead??) The Judges here in the Alexandria VA bankruptcy court have invited the lawyers to a conference call on Wednesday. We may know more after that. This announcement applies only to the trustee hearings.  Those are the […]

After Bankruptcy, OneMain Offers Car Reaffirmation Negotiation

Submitted by Anonymous (not verified) on Thu, 03/12/2020 - 23:57

In the last few months, OneMain has been contacting me about reaffirmation negotiation on car loans. That took me by surprise. With the exception of Ford Credit, I’ve been strongly opposed to reaffirming cars.  Usually you can keep the car without reaffirming. and then give it back when your credit improves. I explain more about […]

Bankruptcy Solves Rod’s Security Clearance Problem

Submitted by Anonymous (not verified) on Fri, 01/31/2020 - 17:20

Two weeks after filing bankruptcy, Rod got his security clearance. Rod contacted me from a military base in the Midwest. The military wanted to give him a new assignment, in the DC area, with more responsibility. His wife and children had already rented a place and moved, while he was awaiting orders. At the last […]

Right After Bankruptcy, Carla Signed on a Car Loan

Submitted by Anonymous (not verified) on Thu, 01/30/2020 - 21:35

Right After Bankruptcy, Carla Signed on a Car Loan and She’s Probably Gonna Lose Her House I tell people please please please, do not get a car loan until at least two years after your Chapter 7 bankruptcy.   Two years after bankruptcy, I’m seeing people get car loans in the 6%-8% range. Three years […]

How Chapter 7 Real Estate Sales Benefit Insiders

Submitted by Anonymous (not verified) on Sun, 01/19/2020 - 21:37

How Chapter 7 Real Estate Sales Benefit Insiders Randa filed Chapter 13 bankruptcy in March 2019. She was hoping to be able to save the family home, by catching up the mortgage over five years. Her husband was recovering from a long illness and was able to work full time again, making the catch up […]

Credit Card Offers Come Faster Than You Expect

Submitted by Anonymous (not verified) on Sun, 12/15/2019 - 04:29

After bankruptcy credit card offers come faster than you think Have you heard the lie? The lie that filing filing bankruptcy means seven years with bad credit. You after bankruptcy credit will be better than most people expect.   The truth about after bankruptcy credit.  The truth is the opposite of that bad credit lie.  […]

Announcement: What to Expect at Your Bankruptcy Hearing

Submitted by Anonymous (not verified) on Sat, 09/07/2019 - 20:11

What to Expect at Your Bankruptcy Hearing For most people, your only bankruptcy hearing is what’s called the “meeting of creditors.”  (We almost never actually have creditors show up. We can also call it your “trustee hearing.”) Here’s a video that explains where to go, best places to park, what to bring and what questions […]

Bankruptcy Towing and Storage Scam

Submitted by Anonymous (not verified) on Mon, 09/02/2019 - 20:35

New Bankruptcy Towing and Storage Scam Don sent me today a letter offering him a $1000 for the car he’s giving up as part of his bankruptcy. (He owes way more than the car is worth.) An outfit calling itself Towing and Storage offers to give him $1000 to avoid “the hassle” of dealing with […]

New Law Helps Disabled Veterans in Chapter 13 Plans

Submitted by Anonymous (not verified) on Sat, 08/24/2019 - 23:00

New Law Helps Disabled Veterans in Chapter 13 Plans Disabled veterans facing bankruptcy, got a big boost yesterday when the HAVEN Act became law. From now on, disabled veterans can’t be forced to use their veterans disability payment to fund debt repayment plans.  Here in Northern Virginia, there are many disabled veterans, who are also […]

“Just Don’t Pay” as an Alternative to Bankruptcy

Submitted by Anonymous (not verified) on Sun, 08/04/2019 - 03:15

Bankruptcy Alternative: Just Don’t Pay Some people want or need an alternative to Chapter 7 bankruptcy.  Meet Henry Hudson and his wife Beth. They came to see me several years ago. Their alternative to bankruptcy was a two part plan: just don’t pay, and “call my lawyer.” Here’s why. Henry and Beth were elderly, he […]

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