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When Legal Matters Become Personal
The easy way to qualify financially for chapter 7 bankruptcy (i.e. without doing the means test) is by being under the median income. Despite inflation and low unemployment, the census bureau has determined that the median income for these household sizes has changed...
A realtor will definitely tell you a short sale is better. But keep in mind that a realtor makes money by getting clients and selling houses. While there is nothing wrong with that, and I have nothing against realtors, realtors are trained to tell you this. And there...
Do I Have To File On All My Debts? Yes, even if you plan on keeping the asset (such as a home mortgage or car loan), even if you know they won’t get discharged (such as taxes, student loans or child support) and even if it’s a credit card you wanted to keep. They and...
Do I Have To File On All My Debts? Yes, even if you plan on keeping the asset (such as a home mortgage or car loan), even if you know they won’t get discharged (such as taxes, student loans or child support) and even if it’s a credit card you wanted to keep. They and...
What Are My Options On My Second Mortgage? I will start out with a very simple premise for my Chapter 7 and Chapter 13 clients, which I call the 10-word rule: If you want to keep your house, make the payments. (Same rule applies for cars). The 10-word rule covers 95%...
I will start out with a very simple premise for my Chapter 7 and Chapter 13 clients, which I call the 10-word rule: If you want to keep your house, make the payments. (Same rule applies for cars). The 10-word rule covers 95% of what you need to know. The other 5% is...
A common question indeed, although there is not a one-size-fits-all answer. I have lectured on this topic several times among my colleagues. As a general rule, if there are joint debts, a spirit of cooperation and a joint goal in getting those debts wiped out, it...
The quick answer is that you can almost always protect your tax refund. There are several different scenarios at play, so first, it is best to understand your rights outside of bankruptcy, and then I will address what happens to your tax refund when you file...