Articles from Robert Weed

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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 […]

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 […]

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