Despite the waning of foreclosures, it is still ‘Buyer Beware’

There are two particular situations when we encourage Wynn at Law, LLC real estate clients to do as much home-buying due diligence as possible: Foreclosures and Relocations.

 

Where Does Bankruptcy Money Come From?

Bankruptcy is a debt relief process that enables consumers with insurmountable debt
loads and financial struggles to gain control of their economic health.
Achieving this goal and obtaining a brighter financial future will depend
on the Chapter of bankruptcy filed under. For example:

What's a taxi medallion worth these days?

Taxi Medallion Litigation-An Update

Who Can View My Bankruptcy Record?

Bankruptcy is a significant legal endeavor that can provide substantial
benefits to individuals and families struggling financially. Thanks to
the automatic stay and discharge of debts provided by consumer bankruptcy
– including Chapter 7 and Chapter 13 bankruptcy – those inundated
by insurmountable debt loads and financial concerns can secure the fresh
start and cleared path needed to obtain a brighter future.
While

New York Times: Taxi Medallions, Once a Safe Investment, Now Drag Owners Into Debt

By WINNIE HU

Owning a yellow cab has left Issa Isac in deep debt and facing a precarious future.
It was not supposed to turn out this way when Mr. Isac slid behind the wheel in
2005. Soon he was earning $200 a night driving. Three years later, he borrowed
$335,000 to buy a New York City taxi medallion, which gave him the right to operate
his own cab.

Whether to file a Chapter 7, 13, or 20?

When filing a Chapter 7 and 13 you must:
1. Reside, be domiciled, or have property or a place of business in the United States (U.S.). A person does not have to be a U.S. citizen to file, nor live in the U.S., if they have assets in the U.S.
2. You can file if you do not have a prior Chapter 7 discharge or it has been more than 8 years, or 6 years since a Chapter 13 discharge.

7 Things to Avoid Prior to Filing Bankruptcy

If you are considering bankruptcy or have plans to file bankruptcy, getting
prepared ahead of time can affect the outcome of your case and your financial
future. At Allmand Law Firm, PLLC, we know that failing to prepare or
taking the wrong steps can significantly jeopardize the success of a filing.
This is why we do all we can to educate our clients about the journey
ahead and their rights, and to provide them with all the information,
assistance, and resources to make the process run as smoothly and sufficiently
as possible.

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