When I was a kid my Grandad used to tell me that if I ate my Lima Beans (Yuck!) they would put hair on my chest! I believed that myth, after all, my Grandad was a good source of information and he could bend a spoon just by looking at it! As you get older though, you learn that if you rely on unchecked myths you can really take a beating in life. A common myth is the source of a popular question I answer frequently. When they come to my office...more
Sometimes repossession will occur as a result of a bankruptcy. This can happen in that a home will have to be taken away as a means of paying off debts in the bankruptcy process. Bankruptcy repossession is a difficult thing to see but it is important to consider.When a person declares bankruptcy that person will end up forgiving all of one's debts. This will come at a cost though. One's credit rating will be substantially damaged. Also, tangible...more
It's no secret that in today's economy, there are a lot of people who are finding themselves in tough situations. There are a number of ways in which people are dealing with these problems. For many people, the answer is to simply not pay what they owe. These debts can be to credit card companies, banks, or private lenders. What happens is that their credit ratings are destroyed. This makes it difficult for them to make large purchases, or sometimes to even rent an apartment. There have been some news stories recently about employers checking potential employees' credit scores before offering them jobs. These people have no choice then but to apply for bankruptcy so that they can start over. If you have considered taking this step, you should think again.There are some big problems with bankruptcy that are often overlooked. One of the largest problems is that once you file, you are going to have trouble buying a house or car for several years. This may not seem like a big deal since you were in financial trouble to begin with, but there is a difference. Before you filed, you had the chance to make those payments. Once you file, you are not allowed by law to make those big...more
A much wanted discharge of debt that a debtor gets mostly after filing for chapter 7 bankruptcy acts as a great source of relaxation for an indebted borrower. It releases the debtor form personal liabilities for most of the debts and it also prevents the creditors from carrying on any further collection processes against the debtor. A...more
A sad truth that any bankruptcy lawyer can tell you is that filing for bankruptcy and filing for divorce go together like peanut butter and jelly. As an Orlando bankruptcy lawyer, I have represented clients with money problems for many years and can tell you that many people file bankruptcy as a result of a divorce.The issue of divorce and...more
Have you recently register for Chapter 7 or Chapter 13 bankruptcy and need a mortgage refinancing loan?http://www.heloc.pannipa.com/2009/10/30/how-to-refinance-your-mortgage-loan-after-chapter-7-or-chapter-13-bankruptcy/It is required no question that the filing for bankruptcy has a negative effect on your credit card. If you opt for a mortgage, credit card or even a small unsecured personal loans, your potential lender pulls your credit report. After a bankruptcy or chargeoff on your credit report is a red flag that the lender who tells you probably do not pay to get back your loan.You can refinance yourMortgage after bankruptcy? The quick answer is "yes." You can use a home equity loan, HELOC, or refinance get cash loans even after bankruptcy.Getting A Mortgage Refinance Loan After Chapter 7 BankruptcyIf you filed Chapter 7 bankruptcy, chances are, you could keep your home. Are you one of the lucky ones in a state like Florida, California, Nevada and a number of other states which have seen significant appreciations in the house property lifeValues – you can have anywhere between 5% and 50% equity in your home. You can pay off to take advantage of this equity to...more
In the harsh economic times of today, many people are wondering what they are going to do. They know they need help, but do not know where to turn. For those who live in the San Diego metro area, a San Diego bankruptcy lawyer can give you the...more
The choice of a Kansas City bankruptcy attorney is important. When meeting with a Kansas City bankruptcy attorney, the first thing you will want to find out is if the attorney is licensed in the federal district court in your area. For...more
With Obama's new bill coming into effect, people can hope for some bright positive changes in the policies of credit card companies which will help them outdo the debts. With the Obama's credit debt reduction ways, we hope to be in a...more
How long will it take to re-establish credit after bankruptcy? This is a question I receive by email often so I decided to make it the topic of our weekly article.The consumer reporting act states that the bankruptcy will be completely removed 6...more
If you face a mountain of debt that doesnt get any smaller no matter what you do, you might have to file personal bankruptcy. Personal bankruptcy entails the court-supervised liquidation or restructuring of your debts, in order to pay off your...more
Debt settlement has become a safer way to solve debt problems for many Americans. It is simply a method of negotiating with creditors in order to reduce overall debts in exchange for a lump sum payment. It is the best way to eliminate...more