Articles from Robert Weed

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Virginia Homestead Exemption too low to protect this Widow.

Submitted by Anonymous (not verified) on Sun, 09/06/2020 - 18:53

Told a Widow this Week, She’ll Lose her House because of COVID and Business Debts I had a heart-breaking call this week with a widow, who lost her small shop in the COVID depression. She has about $65,000 in business debts and no way to pay them.  If she tries to file Chapter 7 bankruptcy […]

Why You Should (Sometimes) Ask for Arbitration

Submitted by Anonymous (not verified) on Sun, 08/30/2020 - 22:09

Why You Should (Sometimes) Before Bankruptcy Ask for Arbitration The fine print in your credit card agreement likely gives you–and the credit card company–the right to ask for arbitration.  You can guess that the fine print isn’t in there to help the consumer, but sometimes before bankruptcy you can use arbitration for your benefit. How […]

$45,000 garnishment from a $3,500 29% interest loan

Submitted by Anonymous (not verified) on Mon, 08/17/2020 - 00:34

A $3500 loan at 29% interest grows to a $45,000 garnishment. How fast does at debt at 29% interest add up? For Wilson a $3500 loan grew to a $45,000 garnishment in ten years. Wilson borrowed $3500 from a Finance Company in 2004.  He took out that loan to pay off some collections and raise […]

In Chapter 13, Don’t Bounce Your Checks!

Submitted by Anonymous (not verified) on Thu, 08/13/2020 - 20:05

In Chapter 13, Don’t Bounce Your Checks! Please don’t bounce your checks, when paying the Chapter 13 Trustee. At least here in Northern Virginia, after two bounced checks, they require you to start sending money orders.  Money orders are expensive, hard to get during the pandemic, and even harder to trace if they are lost […]

November Elections Might Help With Your Student Loans

Submitted by Anonymous (not verified) on Wed, 08/05/2020 - 15:37

Democratic Platform Promises Good New for Student Loans The upcoming elections might help. Student loans are in a special category that bankruptcy law can hardly touch.  That’s likely to change after the November 2020 elections. The platform of the Democratic National Convention, says this: Democrats will restore the prior standard in bankruptcy law to allow […]

IRS Means Never Having to Say….

Submitted by Anonymous (not verified) on Sun, 07/19/2020 - 17:04

IRS Means Never Having to Say….Anything The IRS is not like most creditors. (Your probably knew that.)  The IRS in bankruptcy is not like most creditors in bankruptcy, either. Knowing what debts have been cleared (discharged) by your bankruptcy is easy for most debts. For credit cards, loans (including payday loans, who want you to […]

Get Your Money Out of Wells Fargo

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 […]

After bankruptcy….the car still has to pay!

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 […]

Bankruptcy Hearings: Now Telephonic

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, […]

Required fine print notices

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 […]

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