Submitted by Anonymous (not verified) on Wed, 07/08/2020 - 00:31
If you are filing bankruptcy, Get Your Money Out of Wells Fargo. People filing bankruptcy get kicked when they are down, if they bank at Wells Fargo. Wells Fargo sees your bankruptcy on your credit report and they freeze your checking and savings account. At least they do if you have more than five thousand […]
Submitted by Anonymous (not verified) on Fri, 06/26/2020 - 00:46
…But the Car Still Has to Pay. When you file Chapter 7 bankruptcy, that means you don’t have to make the car payments. But that does not mean you get a free car. You don’t have to make the car payments, but the car still has to pay. That’s because the car finance company is […]
Submitted by Anonymous (not verified) on Fri, 04/10/2020 - 17:29
The Alexandria Bankruptcy Court Trustee Hearings are now by Telephone. Bankruptcy Trustee hearings are now telephonic. That’s the policy of the Alexandria VA bankruptcy court, effective April 9, 2020. (Richmond and Norfolk, too.) People who file bankruptcy are required by law to “appear” in front of the bankruptcy trustee to answer question. (For most people, […]
Submitted by Anonymous (not verified) on Sat, 03/28/2020 - 23:14
I’m required to give you three legal disclosures Now that most consultations are by phone and zoom, I’m posting these on my webpage. The first disclosure This first disclosure tell you that you have four choices under the bankruptcy law. Chapter 12 is only for farmers, and fisherman. I’ve never done a farmer Chapter 11 […]
Submitted by Anonymous (not verified) on Thu, 03/26/2020 - 20:20
The Big Bailout Helps If You have to Skip Chapter 13 Payments The big bailout law, just passed, includes some slack for people in Chapter 13. If you can’t make your Chapter 13 payments, we can ask the bankruptcy judge to add up to 24 months to your payment plan. Before that law was passed, […]
Submitted by Anonymous (not verified) on Tue, 03/24/2020 - 17:13
The Bankruptcy Court is Alexandria is Postponing the Trustee Hearings. Because of the corona virus, bankruptcy hearings in Alexandria VA scheduled up through April 10 are postponed. (I’m guessing the rest of April will get postponed, too.) Postponed Until When? There’s no news on when they will be reschedule, or how. Some courts have adopted […]
Submitted by Anonymous (not verified) on Mon, 03/23/2020 - 18:14
The Federal Government is Pausing Foreclosures on Mortgages They Control. Last week the Federal Housing Finance Agency announced a 60 day pause on foreclosures on mortgage loans the government controls. Those are mortgage loans controlled by Fannie Mae or Freddie Mac. (Fannie and Freddie were government backed, private businesses. The government bailed them out during […]
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 […]
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 […]