Bankruptcy Blog Archives

How do I handle Payday loans ? With the increase in the amount of debt that many Americans are carrying related to credit cards, mortgages, and other liabilities, the number of places offering payday loans has skyrocketed.  Payday loans, also known as cash advance loans, are short-term loans—usually for one to three weeks—that are designed [...]

This news excerpt was taken from an article posted January 16, 2009 by Mike on the CRIME AND FEDERALISM website, “A lawyer facing criminal charges for advising 10 nurses they could quit their jobs at a Long Island, N.Y., nursing facility gave “objectively reasonable” advice and cannot be prosecuted, a Brooklyn appeals panel has ruled.” [...]

We need help with modifying our home mortgage.  It is already an interest-only loan, but because of an increase in property taxes, we can no longer afford to make the payment. If you can no longer afford to pay your home mortgage, you can consider one or more of the following approaches.  These approaches include [...]

If I decide not to file bankruptcy on my credit cards, is there a time limit as to how long they can collect from me, call me, or sue me and put a lien on my home? One of the main reasons people file bankruptcy in the United States is because they are overwhelmed by [...]

A bankruptcy, by law, can be reported and posted to all of your credit agency reports for up to 10 years. This information is public information and anyone who pays for the services of a credit reporting agency can view the records. Employers who specialize in the handling of money, like banks and accounting firms, [...]

To understand the answer to this question, you must understand military and civilian life are very different. Active duty military members are normally held to a higher standard than their civilian counterparts. The U.S. Government expects its active duty service men and women to be fit for duty in all aspects of their lives, including [...]

Not all individuals who file for bankruptcy will lose their home. Talk to a bankruptcy attorney about your financial situation prior to filing bankruptcy. How can I keep my house in a bankruptcy? Each state has created bankruptcy laws which outline a homestead exemption. What is a homestead exemption? It is the amount of equity [...]

The deadlines in bankruptcy can be extremely important and the failure to observe them or act timely on them can jeopardize your rights, claims, and interest in the case. Nevertheless, you do have the right to change your mind about bankruptcy, but to do so can be a lengthy and sometimes complicated process. Since there [...]

Many people will receive a call from a creditor for a past due account at some point in their life. There are varying degrees of delinquent accounts: a forgotten payment, bill lost in the mail, falling behind a couple of months, or suffering a loss of income that makes paying bills impossible. Sooner or later [...]

Under Title 11 of the United States Code, section 525, the law prohibits discriminatory treatment of debtors by both governmental units and private employers. Sub-section (a) of the code states this in relation to a governmental unit: “a governmental unit may not deny, revoke, suspend, or refuse to renew a license, permit, charter, franchise, or [...]