Dots, a discount fashion retailer files Chapter 11 bankruptcy. The retailer claims the filing will help reorganize the company while maintaining regular operations.  The retailer, also under new ownership, has roughly 400 locations across the U.S. in 28 states. The popular retailer offers affordable fashions including clothing and jewelry for women.

With the new year California homeowners who might suffer a foreclosure now will have enhanced protections against mortgage lenders or debt buyers trying to collect on a foreclosed

When Chapter 13 Bankruptcy Is Used Chapter 13 is a reorganization under the United States Bankruptcy Code.  Chapter 13 allows you to repay debt over a three to five-year period.  It’s most commonly used to save a home that’s been in foreclosure or to save a vehicle that’s been repossessed or to stop collection activity+ Read MoreThe post When Chapter 13 Bankruptcy Works Really Well appear

Ashburn is in the heart of eastern Loudoun County, Virginia.  Loudoun is the highest income county in America.   The median household income in Ashburn is right at $100,000 a year. Ashburn bankruptcy rate–one family in every ten since 2007 So you might be surprised that 169 individuals and couples in Ashburn filed bankruptcy 2013.

After your bankruptcy papers are filed, the court will send a Notice of the Appointment of a Trustee and Notice of the Section 341(a) Meeting of Creditors. Your next step is to make sure you keep any paycheck stubs, direct deposit stubs, bank statements, etc. We will let you know about any other payments that need to be paid within a month or two after your case is filed. Your actual chapter 13 plan payments generally begin within 30 days after you file your petition.

After your bankruptcy papers are filed, the court will send a Notice of the Appointment of a Trustee and Notice of the Section 341(a) Meeting of Creditors. Your next step is to make sure you keep any paycheck stubs, direct deposit stubs, bank statements, etc. We will let you know about any other payments that need to be paid within a month or two after your case is filed. Your actual chapter 13 plan payments generally begin within 30 days after you file your petition.

A credit counseling session must be taken prior to a bankruptcy case being filed. You want to make sure that you do not take the credit counseling too far in advance of your bankruptcy filing.

Second Mortgage “Stripping”
by  Steven Taylor [email protected]

Law Office of Steven Taylor, PC