Articles from Robert Weed

Short sale tax forgiveness has expired

Short sale tax forgiveness has expired. If your house is “under water” you need to read this. The general rule of tax law is that debt forgiveness is income—if I lend you $1,000 and then say you don’t have to pay me back, you’ve made $1,000. And you’re subject to tax on that.

Trump Republicans and Student Loans: Don’t Follow Obama’s HAMP

Looking Back on HAMP and Forward on Student Loan Relief Congress should soon take a look at fastest growing category of consumer debt—student loans. During the 2016 Presidential election, Donald Trump added his voice to the chorus of Democratic law makers, led by Senator Elizabeth Warren, to provide student loan relief.

Can I Cancel My Homeowner Insurance—I’m Moving Out

Can I Cancel the Homeowners Insurance—I’m Moving Out Are you giving up your house as part of your bankruptcy? If you are, can you cancel the homeowners insurance? I say, No. You homeowners insurance does two big things. First, it would pay to rebuild your house after a fire.

Debt Collectors Keep Calling Me At Work

Why do debt collectors keep calling me at work after I tell them to stop? The Fair Debt Collection Practices Act protects you from debt collectors calling your workplace.  But, if you tell them you want them to stop, the debt collectors keep calling. How’s that?

Bankruptcy: Best Plan or Best Guess?

Chapter 7 Bankruptcy: Best Plan or Best Guess? Donnell’s Chapter 7 bankruptcy got discharged this month. We have about 30 to 40 bankruptcies discharged—that means approved and done—every month. But Donnell’s was special. He explained why, when he wrote me one of our best reviews ever. You can read it here.

Why Filing Bankruptcy Stops Payroll Garnishment: Virginia Law

Why Filing Bankruptcy Stops Payroll Garnishment: Virginia Law, Virginia Form I’m surprised a couple times each month by Virginia employers who don’t know that bankrutpcy stops payroll garnishment. Some employers think they need to keep on garnishing, until they get an order from a judge saying to stop.

Fast Track Debt Relief Violates Virginia Consumer Law

Fast Track Debt Relief Violates Virginia Consumer Protection Law I’m a bankruptcy lawyer, in Woodbridge Virginia. I see a lot of people ripped off by debt settlement scams, before they come to see me. Last month, a judge in Fairfax County agreed with me that Fast Track Debt Relief violated the Virginia Consumer Protection Act.

Bankruptcy: The Best Credit Repair for Most People

Bankruptcy is The Best Credit Repair for Most People Is bad credit costing you thousands of dollars every year?  It is, if you are paying more than 5% on your car loan.

Debt Collector Chad Steur Law Refuses to Pay Up

Debt Collector Chad Steur Law Refuses to Pay Up Chad Steur Law, LLC, a debt collector, owes my client, Helen, $2280.58. So far, Steur refuses to pay up.  Before she came to see me, Helen was being harassed by a debt collector, calling for Chad Steur Law.

Keep the Car In Chapter 7 Bankruptcy

Keep the Car In Chapter 7 Bankruptcy: What Are your Choices? When you file Chapter 7 bankruptcy, you are “in the drivers seat” with some choices on how to keep the car. One choice is to give it back. One choice is to give it back.  Especially if you have a terrible interest rate on […]The post Keep the Car In Chapter 7 Bankruptcy by Robert Weed appeared first on Robert Weed.

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