Yearly Archives: 2009

When is a Chapter 7 Bankruptcy not an Option?

There are some people who do not really have bankruptcy as an option despite low income. Some can only benefit from a payment plan provided by a Chapter 13, but they can’t afford the payments. Here’s an outline of people

Posted in Chapter 7 Bankruptcy

What to Avoid Before Filing Bankruptcy

Doing certain things before you file bankruptcy can result in problems with your case. For example, creditors can object to the discharge of their debt if you had no intention of repaying the debt when you obtained it. Therefore, it’s

Posted in Creditors

Discharging Income Taxes in Bankruptcy

Generally, most people who file bankruptcy will not receive a discharge of their income taxes. Therefore, they will still have to pay the taxes even after the bankruptcy is complete. However, it is possible for some people to discharge income

Posted in Income tax

Connecting with Bankruptcy Filers

A bankruptcy discussion board called BKforum allows people who have filed bankruptcy or are thinking about filing bankruptcy to discuss their experiences. By sharing experiences, BKforum members provide support and information to each other. The forum contains a lot of

Posted in Credit scores, Lawyers and Law Firms

When is Chapter 13 the Better Option?

Some people want to repay their debt, but they are unable to afford the regular monthly payments. Others are behind on mortgage payments due to a temporary reduction in income. Some people have debt that is not dischargeable in a

Posted in Chapter 13 Bankruptcy, Creditors, Foreclosure Law

Filing Bankruptcy Without an Attorney

In an effort to save money, some people look into filing bankruptcy without an attorney. They either prepare the bankruptcy documents themselves or hire a bankruptcy petition preparer. However, bankruptcy is a complicated area of law and filing without the

Posted in Lawyers and Law Firms

Credit Card Alternatives

When some of my bankruptcy clients learn that they have to disclose all of their creditors on their petition, they become concerned about the one or two credit cards they want to keep. I usually recommend that they get rid

Posted in Creditors, Personal Finance

Bankruptcy Myths

Here is an informative video about common bankruptcy myths:    

Posted in Personal Finance

Scamming Lawyers

There are so many variations of the same scam. Someone sends someone a check to deposit into a bank account and a portion of the funds is sent to the scam artist. Several weeks ago, I was surprised to receive

Posted in Lawyers and Law Firms

Qualifying for a Chapter 7

Most of my clients want to file a Chapter 7 bankruptcy. After all, the complete debt relief that a Chapter 7 can provide seems more desirable than the payment plan that a Chapter 13 provides. However, the new bankruptcy law

Posted in Chapter 7 Bankruptcy