When considering bankruptcy as a solution for your unmanageable expenses, it is important that you realize bankruptcy, Chapter 13  is supposed to alleviate the financial strain you are currently in.  You should leave your attorney’s office in a better position than wh

Worried what people will think if you file bankruptcy?

As a person who regularly checks his credit report, I was surprised a few years ago when one of the credit bureaus reported that I had filed for bankruptcy.  This was not true; I was only eighteen or nineteen at the time, and had no reason to file.  It was actually a family member of mine who had filed for bankruptcy.  Adding to the absurdity of the situation was that the bankruptcy had been filed in 1995, when I was only 7 years old.  Despite the inherent nonsense, I still had trouble convincing the representative of the credit bureau over the phone that the bankruptcy did not actually bel

People often buy cars for their children or for an elderly parent. When they do so, some of these people put their own names on the car title to get lower insurance rates or to reflect their own contribution to...

Thursday, June 28th, 2012 the Supreme Court decided it was constitutional to mandate health insurance.  This blog is not about my opinion – rather it’s what this decision can avoid.  So many people have had to file bankruptcy, Chapter 7 to get rid of their unsecured debt, and/or Chapter 13 to ultimately save their home because they could not afford to pay their medical expenses.  Devastating illness for many families has resulted in devastating bills.  It truly is heartbreaking to see folks who have worked hard all their lives and consequently had to file bankruptcy to get out from under th

Real estate investors and some bankruptcy trustees are looking for ways to make money off your upside down homestead. Many Chapter 7 debtors with upside down homesteads do not utilize their homestead exemption on their bankruptcy petition because there is...

A great number of us use our bank for everything: paychecks are on direct deposit; pay credit cards, mortgage payments and utilities bills electronically.  Some bills are setup for automatic payment and others are scheduled manually.  We are familiar with on-line banking;  an understanding of how our bank’s online software works and have mastered its applications. The thought of changing how we use our bank account or worse the thought of actually changing banks is an enormous pain.  Sometimes, in preparing to file your bankruptcy it is often necessary.

When I mention to clients that they will be required to appear at a 341 First Meeting of Creditors, most of them cringe and become nervous immediately. They imagine a Meeting where they are interrogated and questioned about every aspect of their case.  In El Paso, the Creditors Meetings are nothing to be nervous about.

A Chapter 13 Bankruptcy can last anywhere fromm 36 to 60 months.  Three to five years is a considerable amount of time and a lot of things can change.  There are a number of issues that may affect your bankruptcy.  Some of the most common changes that need to be addressed are:1.

Last week, I came across an article in the Washington Examiner while I was riding the metro to work. This article noted that residents of Maryland carry more student loan debt than any other state in the country at $33,087. Virginia ranked sixth at $30,855. The average is $29,088. Compared to the debt load I will be carrying due to law school, these numbers actually seem rather modest to me, but they still go to show that student loan debt is on the rise, especially in this geographic region.