Category archive for ‘Life After Bankruptcy’ 
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 1 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast.
You need to file for bankruptcy.
Let me say it again for those of you who are still shaking your head.
YOU NEED to file for bankruptcy!
There, I gave you a little emphasis to Read more>>
Dave Ramsey and Bankruptcy
by John Rogers on 1/22/10 | 0 Comment(s)
Here is Dave’s take on filing bankruptcy.
Don’t let him fool you. Bankruptcy is a viable option for many folks in today’s economy. In fact, if you have a large amount of credit card debt or medical bills, or need to get out from under a large mortgage, it is often the only option available. Further, Read more>>
Can I Keep One Of My Credit Cards When I File For Bankruptcy?
by John Rogers on 1/19/10 | 1 Comment(s)
A question that I get asked almost weekly !
It is not wise to try to keep a credit card when you file for bankruptcy , and always, always tell your attorney about all of your debt, including all of your credit cards.
Also, it is important to know that even if you have a credit card Read more>>
The psychological effect of staying in your home after bankruptcy.
by Jay Jump on 1/08/10 | 0 Comment(s)
After your bankruptcy is finished, don’t move out. Stay in the home.
Renegotiate Before Reaffirming A Debt in Bankruptcy
by Richard Stokan on 12/28/09 | 2 Comment(s)
Often, consumers who wish to keep automobiles through a bankruptcy proceeding are required to reaffirm the debt. Remember that a bankruptcy wipes out your personal obligations to pay debt. In order to keep a financed car, many states require reaffirmation. A debtor must be certain he or she can afford to make the required payments Read more>>
Decided To File For Bankruptcy? Don’t Use Your Credit Cards
by Moderator on 12/14/09 | 0 Comment(s)
As a bankruptcy attorney, perhaps the number one problem I see clients facing is credit card debt. The combination of large balances, high interest rates and exotic late fees has pushed many families to the brink of bankruptcy. There is an obvious correlation between unemployment and problems with credit cards. More and more unemployed Americans are forced Read more>>
What is a bankruptcy discharge and how often am I eligible to receive one?
by Richard Stokan on 12/14/09 | 2 Comment(s)
A discharge in bankruptcy “wipes the slate clean” by legally relieving the debtor off all obligation to pay certain debts. Remember that if you wish to retain property like a car or home, payments must be made after bankruptcy. The bankruptcy discharge is most effective at eliminating credit card debt, medical bills and old tax obligations. Read more>>
The morality of abandoning the undervalued home and the choice to file bankruptcy.
by John C. Colwell on 12/12/09 | 3 Comment(s)
White, Brent T., Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis (December 7, 2009). Arizona Legal Studies Discussion Paper No 09-35. Available at SSRN: http://ssrn.com/abstract=1494467 .
Associate Professor White has published a fascinating and thorough paper that traces the history of mortgage lending, the failure of the mortgage industry Read more>>
What are my options for getting out of credit card debt?
by John O'Connor on 12/10/09 | 2 Comment(s)
According to the Federal Reserve, the total outstanding credit card debt carried by Americans reached a record $951 billion in 2008. Newsflash…….its becoming a major problem.
John Colwell wrote an excellent post this week detailing the financial toll that paying the minimum monthly on credit cards can take on your wallet over the long haul. The Read more>>
Who Will Know I Filed Bankruptcy?
by Lillian Watson on 11/22/09 | 0 Comment(s)
Do you worry about who will know that you decided to file bankruptcy? Even though bankruptcy doesn’t carry the same negative connotation it used to, some people still worry that their friends and coworkers will find out.
The good news is, that except for a select few,only the people you choose to tell will likely ever Read more>>
