This is the case of Dan and Emily Rady who come to me from Chicago, Illinois.  They are here to talk to me about Chapter 7 or Chapter 13 bankruptcy.

The hottest topic in South Florida is the real estate "short sale." Actually a short sale is nothing new, but it now quite the vogue. A short sale basically means that the mortgage lender (or lenders) agree to satisfy its mortgage lien and allow the transfer of the real estate in exchange for receipt of less than the full amount of the amount due on its mortgage loan. In a short sale, the real estate is sold to a buyer who obtains a new mortgage.

Be careful if you are contemplating a bankruptcy and you hold title to real property.  Even if you don’t believe you have any equitable interest in the home, a bankruptcy trustee may disagree with you.

In all chapter 7 individual cases where consumer debts are at issue, the persons filing for chapter 7 bankruptcy are subject to the Chapter 7 Means Test within official Bankruptcy Form 22.  Again the means test, in short, determines whether or not you have too much disposable income for purposes of filing for chapter 7 bankruptcy.

Should I Get a Debt Consolidation Loan to Pay Off My Credit Cards? Alan Henry Dear Lifehacker,

I.          Introduction
a.         Why do people file for bankruptcy today?
1.      Credit card debt2.      Unemployment3.   Business reversals 4.   Real estate foreclosures5.   High housing costs 6.   Student loans 7.   Divorce 8.   Medical bills and illness
b.         The Bankruptcy Code and New York State Debtor and Creditor Law provide many remedies to real estate issues and other debtor/creditor problems facing individuals in 2013 in New York State. 

This is the case of Monique White who comes to me from Chicago, Illinois seeking debt relief.  This white did a Chapter 7 back in 2012 but the case was dismissed so she never received a discharge.  She owns no real estate, she’s not a homeowner and she is currently living in a monthly rental situation on a property that is currently in foreclosure.  She has a 2006 Chevy HHR which is financed by Black Hawk Financial.  She is up to date on that payment and she wants to remain current on it.

This is the case of Tamika Davis who hails from Chicago, Illinois.  She is into talk about debt relief either a Chapter 7 or a Chapter 13 bankruptcy preferably.  She has never filed a bankruptcy case before.  She is not a homeowner.  She does have a landlord and she is on a month to month lease.  She has a Buick that she co-owns with her boyfriend but she is not really sure if she’s on the title so she’s going to get back to me with that information.

This is the case of Felicia Meachum who comes to us from Oak Park, Illinois for a bankruptcy consultation.  Felicia has never filed for bankruptcy before.  She is not a homeowner and she is currently renting from Fox Partners LLC.  She has a 2006 Pontiac G6 financed by B-Rider and she owes approximately $14,000 on the vehicle and it’s worth $15,000 so she has a little bit of equity in the vehicle.  The monthly payment is $360 per month and she is current.

Those filing personal bankruptcy in California in 2013 can now protect a little more of their assets in a Chapt