How Fast Can You File Bankruptcy?
As little as 20 minutes.  It is called a barebones filing.  You file just enough documents to get a case number and put the automatic stay into effect.  Since an attorney can file a case electronically, you file the case and get a case any day, any time.  However, you should only do a barebones filing if it is a true emergency, and you need to stop a creditor’s collection action immediately.

While there are many and varied reasons that people file a bankruptcy case or settle a debt, certainly an improved credit score is a desired result. Unfortunately, post bankruptcy and post debt settlement credit reporting is often not accurate. A Creditor May Continue to Report a Debt The most common way in which credit reporting [...]The post File Bankruptcy or Settle a Debt?

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 02, 2013 Electric Car Maker Files for Bankruptcy Protection A Tobin Tax, Bankruptcy Style Gay Couple’s Bankruptcy Filing Challenges DOMA

A Tamaroa, Illinois man was recently sentenced to three years’ probation for concealing assets when he filed bankruptcy in 2009.  David E. Woodside, 37, pled guilty to the charge after he waived an indictment by a federal jury back in December 2012.  The United States Attorney who worked on the case, Stephen R. Wigginton, says [...]

Keep Property Without Signing Reaffirmation Agreement
When you file a chapter 7 bankruptcy, you will have the option of reaffirming your secured debts.  The most common reaffirmation is done on a car loan.  Many of my clients have questions about reaffirmation agreements; and whether it is in their best interests to sign a reaffirmation agreement.
What Is A Reaffirmation Agreement?

        Last week, I gave an update on the status of foreclosure mediation ordinances in St. Louis City and St. Louis County that are currently being challenged in the courts by lenders in Missouri. On the other side of the river in Illinois, the Illinois Supreme Court has adopted new rules allowing its courts to [...]

A borrower who is establishing credit or has less than perfect credit may have a cosigner help them obtain a loan.  A cosigner agrees to pay outstanding debt when the borrower is unable to make payments.  It is common to have a cosigner present when applying for a loan on a vehicle, student loan, or [...]

Saw three couples this month who needed to file bankruptcy, because they were getting sued–garnished in one case–by the second mortgage after a short sale.
It was surprising that they were surprised.   At the peak of the crisis, for or five years ago, second mortgages would take what they could get at a short sale and let the rest of it go.  But they don’t often do that anymore.  (At least not without intense negotiation.  I’ve seen it once in the last year.)

Getting Sued After Short Sale? Getting sued after a short sale is highly probable.  Saw three couples this month who needed to file bankruptcy, because they were getting sued–garnished in one case–by the second mortgage after a short sale. It was surprising that they were surprised.   At the peak of the crisis, four or [...]The post Getting Sued After a Short Sale? appeared first on Robert Weed.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 30, 2013 Kelly Rutherford Faces Bankruptcy During Expensive Custody Battle Kodak Spinoffs Clear the Path for Emergence From Bankruptcy Supreme Court won’t hear Charter Communications bankruptcy case