Bankruptcy Is The Answer To Recovering An Impounded Car: But Be Patient

Recovering Your Vehicle More and more clients are filing chapter 13 bankruptcy to recover their vehicle which was impounded by the city of Chicago. This is the very common case where someone with Chicago parking tickets winds up on the boot list and eventually their vehicle gets impounded. They also receive a notice from the+ Read More

Florida Exemption of Worker's Compensation Benefits

Florida Statutes section 440.02 provides for the exemption of worker's compensation claims or benefits due or payable under Florida Statutes, Chapter 440.

My Income Has Gone Up in My Oregon Chapter 13 Bankruptcy

The confirmation order entered in every Oregon Chapter 13 Bankruptcy requires you to report to the Trustee if your actual or projected gross income increases by ten percent. The income figures included in Schedule I of your Bankruptcy Schedules filed with the Oregon Bankruptcy Court before confirmation serves as the baseline for determining whether there has been a ten percent increase.

NY Times: Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies

By Jessica Silver-Greenberg

Two of the nation’s biggest banks will finally put to rest the zombies of consumer debt — bills that are still alive on credit reports although legally eliminated in bankruptcy — potentially providing relief to more than a million Americans.

Bank of America and JPMorgan Chase have agreed to update borrowers’ credit reports within the next three months to reflect that the debts were extinguished.

Associated Press: Study: Bankruptcies soar for senior citizens

By Associated Press
ST. AUGUSTINE, FLA. — First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do.
She declared bankruptcy.

While the bankruptcy filing rate for those under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007.

The Borrower in Bankruptcy: Top 10 Mistakes Banks & Lenders Make in Consumer Bankruptcy Cases

Check out this webinar on our YouTube channel to identify common mistakes that lenders make before and during consumer bankruptcy cases – and how to avoid those mistakes to better protect the lender's rights and collateral.

Elkhorn Bankruptcy Lawyer Assists with Bankruptcy Due to Medical Bills

Many individuals and families are filing bankruptcy due to medical bills. If you are overwhelmed by medical bills, you are not alone. The Center for Disease Control released a report in 2012 that 1 in 4 American households are struggling with medical debt. Even households with public or private insurance are having trouble paying off medical debt. The research data demonstrates a growing number of households facing financial hardship due to medical bills. See the CDC report data below.
 

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