Recent News
The Supreme Court, Homeowners and Homes with Second Mortgages
The United States Supreme Court heard arguments yesterday from a homeowner and a bank on whether second mortgages with no equity to attach to can be stripped off in Chapter 7 bankruptcy ... the transcript of the oral argument is here.
How is the creditor Care Credit dealt with in bankruptcy ?
Care Credit is a credit card account, or line of credit, offered through GE Capital that doctor and dentist offices are offering to their patients, with or without health insurance, to pay for the uninsured costs up front. Once the patient signs up and is approved for...
Retirement, Pensions and 401k's and Bankruptcy
The good news is that if you file bankruptcy, you will, most always, not lose your retirement savings. Some possible exceptions are if you put a very large amount of funds into the retirement or 401k just before filing bankruptcy or if the IRA is inherited. The...
What To Look For In Selecting a Bankruptcy Attorney
It's not always the most expensive bankruptcy lawyers that are the best or the cheapest that are the worst. In most areas, the prices for filing bankruptcy are determined by the market. The filing fees and credit counseling fees are set fees. The attorney fee, in most...
Which is best: Credit Counseling, Debt Consolidation or Bankruptcy ?
Are you considering debt relief through a consumer credit counseling or debt consolidation service ? You may be surprised to learn that they can do more harm than good to your credit. Many times, bankruptcy is a better option, and you should always meet with a...
Why is it important to list claims for damages when you file bankruptcy ?
When filing bankruptcy, it is very, very important to tell your attorney about ANY and ALL possible or potential claims that you have or may have against anyone. If you don’t list these claims in your bankruptcy filing, then it is quite likely that you will be...