This technique, described on the walletpop.com blog, has been used to success by a collection attorney here in South Central Kentucky. I haven’t seen it lately, but have within the past year or so. It is basically an end run around the old maxim that you can not be put in jail for owing debt, [...]
Bankruptcy Myths: You Will Never Get Credit Again. False!
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Absolutely not true. The opposite is what most people find! When you file bankruptcy you get rid of your bills, which positions you to get, and handle, more credit in the future. You are actually more attractive to future lenders, grantors of credit AFTER you file for bankruptcy because you owe nothing. You have cleared [...]
Two Reasons Your Retirement Is Probably Safe In Bankruptcy
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Two Reasons Your Retirement is Probably Safe in Bankruptcy One of the primary concerns of those facing bankruptcy is their property. Every potential bankruptcy filer who steps into an attorney’s office for a consultation wants to understand how their assets will be affected. It is often the liquidation analysis that weighs most heavily on the [...]
Bankruptcy, Simplified…
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BANKRUPTCY, SIMPLIFIED Many, if not most, of my clients express feelings of shame and guilt about filing for bankruptcy relief. This is completely understandable, but it is ultimately based on the propaganda of the credit industry. Sometimes it helps to simplify the bankruptcy process. Here’s what I tell clients who have misgivings, and what they [...]
Bankruptcy in Nevada: Can You Keep a Car and File?
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Nevada Car Exemption in Bankruptcy Can you keep your car and file for bankruptcy in Nevada? Issues with automobiles are among the most frequently faced by debtors in bankruptcy. After all, what good is debt relief if you are left with no transportation to get to work? Nevada bankruptcy laws allow for a fairly generous [...]
Automobile Operating Expense in the 9th Circuit
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If a debtor operates a motor vehicle that is not subject to a loan or lease and is more than six model years or has more than 75,000 miles on it than an additional $200 is allowable on line 22A of the means test for operating expenses. If a joint petition is filed and the [...]
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