Advice

/Advice

​What are my Options Before and After Car Repossession?

2019-02-28T15:23:07-04:00

What to Do if You are Facing Car Repossession If you are behind on your car payments, in many cases, your lender can repossess your vehicle without giving you any type of notice. However, bankruptcy can help stop the repossession and can even help you get your car back if it has already been repossessed. Bankruptcy Automatic Stay As soon as you file for bankruptcy, an automatic stay goes into effect. This means that your creditors must stop all attempts to collect their debts from you. They can not call you, move forward with a lawsuit, sell, repossess, or foreclose on [...]

​What are my Options Before and After Car Repossession?2019-02-28T15:23:07-04:00

​What to do if Your Car Has Been Repoed

2019-02-28T15:20:12-04:00

My Car was Repoed: What do I do Now? If you have secured debts such as vehicle loans and you default on the loans, the creditor has the right to repossess the collateral if they can do it without disrupting the peace. This is why repossessions are often done in the middle of the night after you have missed two or more payments and the bank has threatened to repossess your vehicle. If your car has been repoed, our team can help. What do you do if you wake up and your car is missing from your driveway? It depends on [...]

​What to do if Your Car Has Been Repoed2019-02-28T15:20:12-04:00

​​When Does Debt Forgiveness Result in Tax Implications?

2018-11-28T10:42:27-04:00

Understanding Debt Cancellation & Debt Forgiveness When you lose your job or have an unexpected injury or illness, the result can be financial devastation. Such financial demise often leads to a debt settlement agreement or even bankruptcy. While this may seem like a good idea, there can be some stiff penalties for relief such as debt forgiveness. When a creditor agrees to forgive a debt without consideration in return, it means that they cancel the debt. While that may sound good to start with, cancellation of debt is considered income for the debtor and is taxable. In some cases, however, the [...]

​​When Does Debt Forgiveness Result in Tax Implications?2018-11-28T10:42:27-04:00

Dealing With Debt Collectors

2018-05-08T19:12:47-04:00

Harassing Debt Collection Can Be Stopped Harassment on the part of bill collectors is a common phenomenon now in the United States. It is estimated that close to 15 percent of Americans are receiving debt collection telephone calls. If you are having trouble with debts and collection calls, don't think you are the only person with this kind of problem. FDCPA or the Fair Debt Collection Practices Act makes it illegal for bill collectors to be abusive or unfair or to lie when they attempt to collect a debt. This is a federal law, and it applies to collection agencies, attorneys [...]

Dealing With Debt Collectors2018-05-08T19:12:47-04:00

Are You a Good Candidate For Bankruptcy

2019-02-28T15:21:51-04:00

Are You A Good Candidate For Bankruptcy? Owing money does not feel good, especially when the amount feels overwhelming. Debtors sometimes feel like they are drowning, which leads them to consider bankruptcy. The problem is that many do not know this is an option they can consider. It is okay to feel unsure because bankruptcy is a tricky option that can seem confusing, but the following four signs may help you figure out if bankruptcy is right for you: Question 1: Exactly How Much Debt Are You In? The first sign that bankruptcy might be the right option for you is [...]

Are You a Good Candidate For Bankruptcy2019-02-28T15:21:51-04:00

What Do I Need to Report When Filing for Bankruptcy?

2019-02-28T15:20:00-04:00

What Do I Need to Report When Filing for Bankruptcy? Consider the essential documents needed for filing Bankruptcy. Whether filing a Chapter 7 or Chapter 13 bankruptcy, the paperwork required is usually the same. In order to file the correct documents make sure you check your district as well as the trustee handling your bankruptcy. Listed below are the typical documentation needed for filing. Tax Returns It is probable that you will have to submit copies of your tax transcripts as well as your tax returns for the past 2 years. Additionally, you will need to provide a valid explanation for [...]

What Do I Need to Report When Filing for Bankruptcy?2019-02-28T15:20:00-04:00

Credit Rebuilding After Bankruptcy

2018-05-07T15:27:54-04:00

Bankruptcy And Credit Rebuilding The fresh start they need to achieve financial stability is offered to many debtors by filing for bankruptcy, but once that process has been completed, it is necessary to rebuild your credit so you may enjoy future financial opportunities that will come up. After Bankruptcy, Take The Right Steps To Rebuild Credit At the successful completion of a bankruptcy case, the formal order entered is a bankruptcy discharge. This discharge is not just your ticket out of bankruptcy, but also the brand new beginning for you of a fresh financial start. It is so critical to build [...]

Credit Rebuilding After Bankruptcy2018-05-07T15:27:54-04:00

Debts you cannot discharge

2018-05-07T15:29:20-04:00

Debts You Cannot Discharge When you find yourself totally overwhelmed by your debts, bankruptcy offers you a "fresh start". There are numerous reasons that people turn to bankruptcy, things like a serious illness, loss of a job, and so many other things one has no control over. Of course, there are times that irresponsibility or horrible decisions can be behind the filing of bankruptcy. The law does it's best to balance the scale between the interest of the creditors involved and the need for a fresh start. The fact is however that so many people do not understand that all types [...]

Debts you cannot discharge2018-05-07T15:29:20-04:00

What Happens if my Case Gets Dismissed

2018-05-07T15:30:06-04:00

What Happens if my Case Gets Dismissed? Filing for bankruptcy is important if you have outstanding debts and you need more time to pay up. But how can you handle it if your bankruptcy case was denied and you know you need it to survive? If this happens to you, just know that all hope is not lost as there may be other options to explore for you to smile again if you act quickly. These options are meant to be taken seriously and quickly too. If you are quick to act, there may be a reconsideration of the dismissal. Inadequate [...]

What Happens if my Case Gets Dismissed2018-05-07T15:30:06-04:00

5 Must Haves in a bankruptcy lawyer

2018-05-07T15:30:53-04:00

5 Must Haves in a Bankruptcy Attorney Bankruptcy lawyers often make a kill during tough economic times. However, their clients, most of who know very little about the process and lack time to find out, are the ones who lose out. To avoid being part of this statistics, there are a couple of must-haves on your list when dealing with bankruptcy lawyers. Client's checklist: Get value for your money and nothing less Work with a real bankruptcy expert The expert must be aware of code changes Avoid shoddy lawyers Ensure the lawyer is someone you can establish a comfortable professional relationship [...]

5 Must Haves in a bankruptcy lawyer2018-05-07T15:30:53-04:00
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