Top 5 Reasons You Should Not Withdraw Money From Your retirement Account To Pay Off Debt Many people think that they can bail themselves out of trouble by getting out of a short-term crisis and borrowing from their retirement account, or cashing it in. Many
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Archives for Consumer and Financial News
Can You Eliminate Parking Tickets in Bankruptcy?
Q: Can I get rid of my parking tickets in a bankruptcy? A: It depends on the type of bankruptcy case you are filing. There are two kinds of bankruptcy cases that a person can file, Chapter 7 (debt elimination) and Chapter 13 (debt consolidation).
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Countrywide Customers to Get Settlement from Overcharges
Courts are taking note- the lenders have been overcharging customers once they are in default or foreclosure and have filed improper claims in bankruptcy– you may be getting money back. The important thing is that courts are paying attention! We review each bankruptcy claim to
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How Much Does a Bankruptcy cost?
This is one of the most frequently asked questions that I get each day. When people are looking for an attorney to do something, they are thinking that it is like any other service, like a haircut or oil change, or to fix a leaky faucet.
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What about those “Strategic Defaults”? Should I do that?
In the Chicago Tribune recently(see the link above) the writer suggests that the issues facing homeowners who are “underwater” on their house value are whether it is moral to just walk away from a house that they supposedly can afford. The author mentions this as
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What do I need to know before I call a bankruptcy attorney?
Many people I speak to each day call me about their financial problems, but have no idea what to expect from a bankruptcy attorney. The typical situation is this: Person calls and says, I need help with a bankruptcy. I ask: Who do you owe
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What do you do when you receive collection calls and notices AFTER you filed your Chapter 7 or Chapter 13 Bankruptcy case?
While it is true that a Chapter 7 or a Chapter 13 Bankruptcy case should stop all collection efforts by creditors, it is not uncommon for creditors to continue collection efforts after a bankruptcy case has been filed. That doesn’t mean that they are right
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