Most U.S. households cannot absorb an unexpected expense of $500, let alone the double whammy of huge medical bills and loss of income. If you are buried in debt because of ongoing health problems or a recent medical crisis in the family, filing for bankruptcy could be the best solution. Our experienced bankruptcy lawyers have […]
Relying on “plastic” can become a problem when credit card balances grow too big or your income shrinks. Perhaps you lost your job or had your hours cut. Maybe you were propping up a small business. Maybe you had a medical crisis or other unexpected bills. Or perhaps you were simply living beyond your means.
How to Better Manage Credit Card Debt Read Post »
Credit Card Video
When property owners, including homeowners, do not pay real estate taxes, the county can “sell” the taxes to a “tax buyer.” Here’s How It Works: If the taxes are delinquent for more than one (1) year, then the county will sell the taxes. A tax buyer pays the county the amount of the delinquent taxes.
What Is Real Estate Tax Sales Redemption? Read Post »
Real Estate TaxWhen you go to a 341 meeting, what you must have is your Social Security card, or other proof of Social Security number, and a state issued ID card or driver’s license. Those are the 2 things that are required on the notice sent out by the court. Some Chapter 7 trustees also request copies
What Paperwork/Documentation Should Someone Have At A 341 Meeting Read Post »
Documents VideoWhat Are Second Mortgages, Judgment Liens And Tax Liens In Foreclosure? When foreclosure cases are filed it is common to see defendants other than the property owner. Mortgage companies get title searches before filing a foreclosure. The title search will show entities that have liens on the property. Common additional defendants include junior mortgagees; Judgment
What Are Second Mortgages, Judgment Liens And Tax Liens Read Post »
Liens MortgageThrough Chapter 13 2nd mortgages can often be eliminated and reduced to an unsecured claim. There are two sections of the Bankruptcy Code that in essence say a junior mortgage is a secured claim only if after deducting all senior liens there is still some equity left for the junior mortgage. If the property has no
How Can A Second Mortgage Be Eliminated? Read Post »
Homeowner Mortgage VideoIf you default on your car payments, the lender or dealer won’t wait long to repossess. You do not have to just let this happen! Filing for bankruptcy can stop repossession. Even if the “repo man” has already taken your vehicle, there may be a chance to get it back if you act fast. If
IRS Liens The IRS often files tax liens on property. The lien is extended to all property in the county in which it is filed. The tax lien applies your house and all your personal property. The lien is good for 10 years. There are 2 instances where the tax lien can be avoided in
How Can IRS Tax Liens and Judgment Liens Be Eliminated? Read Post »
IRSYou probably had little choice when you took out a payday loan. You have bills to pay. Your family needs to eat. You probably knew that the interest rate was very high, but again you didn’t have a lot of options. Now the amount you owe has mushroomed, maybe double or triple of what you
All individuals have to take a means test before filing a bankruptcy, and if their income, depending on the number of individuals in the family, exceeds a certain amount, the presumption is they cannot file a chapter 7. However, there are multiple deductions that can be taken from the gross income to show that the
Who Must Take The Means Test Prior To Filing A Bankruptcy? Read Post »
Means Video