Articles from Robert Weed

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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 […]

Reaffirmation: It’s like an episode of Law and Order.

Submitted by Anonymous (not verified) on Tue, 07/16/2019 - 23:33

“What was that? Law and Order?” Today I was at the bankruptcy court asking the Judge to approve two credit card reaffirmations. One for a little more than $500; one for a little less. Both because my clients had a good relationship going back years with their credit union. So they wanted to keep them.  […]

Credit scores after bankruptcy are close to national average, in just three years

Submitted by Anonymous (not verified) on Sat, 07/13/2019 - 22:49

I just finished a survey of people who filed bankruptcy with me three years ago. Here’s one big thing I found out: credit scores three years after bankruptcy are almost the national average.   Right about half of the people who filed bankruptcy with me three years ago have a score above 670. A 670 score […]

Three months later, Mike’s After Bankruptcy Credit Score is 681

Submitted by Anonymous (not verified) on Sun, 11/18/2018 - 21:50

Three months later, Mike’s After Bankruptcy Credit Score is 681 Last Friday, Mike sent me this screenshot, showing his after bankruptcy credit score is 681.    A 681 credit score is, barely, considered a “good” score by Experian and CreditKarma.  Mike had filed bankruptcy with me in April and it was approved and done in September.  […]

How a cheap car payment can help you on the bankruptcy means test.

Submitted by Anonymous (not verified) on Sun, 08/05/2018 - 18:42

How a cheap car payment can help you on the bankruptcy means test. The 2005 Bankruptcy law, known BAPCPA or sometimes BARF, was designed to make bankruptcy much more painful for families making over the average income in each state.  For Virginia, in the summer of 2018, that’s $103,549 for a family of 4. Or […]

Another Family Wastes Thousands with Freedom Debt Relief

Submitted by Anonymous (not verified) on Sat, 07/14/2018 - 21:31

Another Fairfax County Family Wastes Thousands with Freedom Debt Relief. I filed a bankruptcy case this week for Alexander and Alina yesterday.   They had been enrolled with Freedom Debt Relief for over five years–the longest enrollment I ever heard of. And according to Freedom Debt Relief, they had only four monthly payments to go […]

After Bankruptcy, get a credit card

Submitted by Anonymous (not verified) on Tue, 05/08/2018 - 00:12

After bankruptcy, get a credit card. Get a couple. Getting back to good credit is one of the five ways bankruptcy gives you a new start. The bankruptcy itself helps quite a bit, because the old debts stop chasing you. But to really improve your credit score you have to get and use two or […]

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