Submitted by Anonymous (not verified) on Tue, 01/11/2022 - 00:33
Alternatives to Bankruptcy: Money Management Credit Counselling For high income people who can’t quite handle their debt, “credit counselling” can be an alternative to bankruptcy. Credit counselling services–the kind I’m talking about anyway–have agreements with the major credit cards on what payments they will accept through their program. Professional and ethical standards for credit counselling […]
Submitted by Anonymous (not verified) on Mon, 01/10/2022 - 00:09
Stress May Be Your Heart’s Worst Enemy That’s a headline in today’s New York Times. I pass that on because as a bankruptcy lawyer I see people defeated by the stress of debt’s they can’t pay. Good people go for years dragging around bad debts they can’t pay, before they finally take advantage of the […]
Submitted by Anonymous (not verified) on Mon, 12/13/2021 - 16:18
Debt Settlement or Chapter 13 Bankruptcy: Which is Better? My friend Roberta knew she was in financial trouble, but she wanted to try pay her debts. Rather than file Chapter 13 bankruptcy, she signed up for a debt settlement company, who promised her a “customized reduction plan.” Over 18 months she paid $23,673.00. And the […]
Submitted by Anonymous (not verified) on Thu, 11/11/2021 - 22:27
Sports Gambling Comes to Virginia Like most people, I’ve noticed that ads for sports gambling have taken over the TV (at least on basketball and college football, which is about all the TV I watch.) Sports gambling was legalized in Virginia April last year and began in January 2021. Now in October and November, I’ve […]
Submitted by Anonymous (not verified) on Thu, 08/19/2021 - 02:18
Are you getting your mortgage statements after filing bankruptcy? Some mortgage companies use bankruptcy as an excuse to stop sending mortgage statements. (Or they send them to your lawyer, not to you.) The law is completely clear. The law says to keep sending them to you. That law is Regulation Z. The Consumer Finance Protection […]
Submitted by Anonymous (not verified) on Sun, 08/15/2021 - 22:35
After Bankruptcy: Please Don’t Go Right Out and Don’t Co-Sign for a Car Got an email last week that made me sad. Cherry filed Chapter 7 bankruptcy back in 2017. She recently went to buy a car and ended up getting financed by Santander at 21%. After she did that, she asked why is her […]
Submitted by Anonymous (not verified) on Sun, 08/08/2021 - 23:03
A Million Dollar Mistake: Personal Injury and Bankruptcy Under Virginia law, the bankruptcy court cannot take away a personal injury claim. Injured in a car accident? Hurt in the hospital? Anyone in Virginia can file bankruptcy and still keep those claims. Steven Ramsdell, one of the top bankruptcy lawyers here, is desperately trying to save […]
Submitted by Anonymous (not verified) on Sat, 07/31/2021 - 17:39
The Wells Fargo Home Projects Card and Chapter 13 Bankruptcy The Wells Fargo Home Projects Card is issued differently than most credit cards. As far as I can tell, they don’t market it directly to consumers. Instead, they get home improvement businesses to sign people up. That way Wells Fargo finances the home improvement and […]