Recent News
Debt Consolidation Companies versus Chapter 13 Bankruptcy
If you have decided to utilize the services of a debt management or debt consolidation company, keep in mind that you may be much better off consolidating your debt under Chapter 13 of the United States Bankruptcy Code. You set the plan approved by the Court and make...
Bankruptcy and Pay Stubs
If you are considering filing bankruptcy, you will be asked to provide your bankruptcy attorney (yes, you should use an attorney and not file the bankruptcy yourself ... more on that in other posts) with the last 6 months of your pay stubs if you receive a paycheck...
Vehicle Redemption in Chapter 7 Bankruptcy
During a Chapter 7 bankruptcy all unsecured debts are discharged. Debts that are secured by collateral (e.g. car loans) must be paid or the collateral must be returned to the lender. Occasionally an individual considering Chapter 7 bankruptcy will own a vehicle that...
NCLC Consumer Alert: CONSUMERS AT RISK: TIPS WHEN EXPERIENCING A DATA SECURITY BREACH
As a CONSUMER ALERT, we are reposting in full this press release from the National Consumer Law Center: FOR IMMEDIATE RELEASE: Contacts: NCLC: Chi Chi Wu, 617.542.8010 or DECEMBER 19, 2013 cwu(at)nclc.org U.S. PIRG: Ed Mierzwinski, 202.461.3821 or edm(at)uspirg.org...
Do you get to keep your tax refund if you file bankruptcy ?
Debtors in Chapter 7 bankruptcy are required to give up "nonexempt" property that they own at the time of filing; they are allowed to keep both "exempt" property that they own at the time of filing and any property that they receive a right to own after the bankruptcy...
Tax Refunds and Bankruptcy
It will soon be that time of year for tax refunds. We have questions from folks as to whether they can file Chapter 7 bankruptcy before filing taxes and still keep their tax refunds coming to them after they file bankruptcy or whether they can keep a tax refund...