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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Submitted by Anonymous (not verified) on Thu, 03/26/2020 - 20:20
The Big Bailout Helps If You have to Skip Chapter 13 Payments The big bailout law, just passed, includes some slack for people in Chapter 13. If you can’t make your Chapter 13 payments, we can ask the bankruptcy judge to add up to 24 months to your payment plan. Before that law was passed, […]
Submitted by Anonymous (not verified) on Tue, 03/24/2020 - 17:13
The Bankruptcy Court is Alexandria is Postponing the Trustee Hearings. Because of the corona virus, bankruptcy hearings in Alexandria VA scheduled up through April 10 are postponed. (I’m guessing the rest of April will get postponed, too.) Postponed Until When? There’s no news on when they will be reschedule, or how. Some courts have adopted […]
Submitted by Anonymous (not verified) on Mon, 03/23/2020 - 18:14
The Federal Government is Pausing Foreclosures on Mortgages They Control. Last week the Federal Housing Finance Agency announced a 60 day pause on foreclosures on mortgage loans the government controls. Those are mortgage loans controlled by Fannie Mae or Freddie Mac. (Fannie and Freddie were government backed, private businesses. The government bailed them out during […]