While it is typically true that there are generally three options available to debtors in a chapter 7 bankruptcy with regard to their autos, there may in fact be a fourth option. In a chapter 7 bankruptcy case the debtor has the ability to reaffirm, redeem or surrender and auto. A fourth option which seems+ Read More

I was fortunate enough to be invited for a short interview on a local radio station.  This is just an audio program, but it is only 12 minutes long.  I hope the information is informative.

Radio Interview with Attorney and Law Professor - Diane L. Drain

Fred’s after bankruptcy credit score is 707 Fred M was a small business owner.  Because his business was dragged down by the recession, he has $50,000 in credit cards that had gone bad. Last fall Bank of America sent him a warrant-in-debt in a $17,000 credit card.

Your mom told you to be careful when choosing your friends.  What your mother did not tell you is that “friending” someone on social media will link their reputation to you.  Sounds like a crazy woman is writing this blog, right?  No, just a very cautious one who now understands that who you associate with on-line can affect not only your reputation, but also your ability to obtain credit.  We all know that employers look at our social media as part of their “due diligence” before offering you that sorely needed new job.  Also, that current employers fire employees because of the social med

In just thirteen months, Maria’s credit score after bankruptcy was above the national average Are you one of the people who still thinks bankruptcy hurts your credit score?   Maria M was worried about her credit score when she came to talk to me in November 2013.

According to a fellow lawyer, JayFleischman · August 28, 2015, a proclaimed expert in student loans and bankruptcy, federal student loans can be discharged if you are totally and permanently disabled. And you can do it without filing for bankruptcy.
Unfortunately, getting the U.S. Department of Education to approve your discharge request isn’t always so simple. The procedure can be complicated, and it’s easy to make a mistake that can cost you thousands of dollars.