Call Today For Your Consultation: 763-225-9583
When Legal Matters Become Personal
Fannie Mae, a quasi-governmental authority which backs a significant portion of mortgages in today’s market, has recently reduced the waiting period for getting a new mortgage following a bankruptcy or foreclosure, from four years to two years. It is unclear whether...
Yes, it is legal and possible to do this. And it may end up working out. There are online video tutorials, and as of December 1, 2015 and now there are “user-friendly” fill-in savable forms, which increased the length of a typical bankruptcy petition from 30 pages to...
People don’t always think of debt relief as a part of financial planning, but it often is. Having counseled people in financial trouble for over 25 years, I know that the fear of bankruptcy being imminent, and trying to determine whether there are other options, is...
Tax refunds are considered property of a bankruptcy estate, regardless of whether you have received them and have the cash proceeds, check in your hand, or money in the bank, or whether you haven’t filed yet. It’s my job as a bankruptcy attorney to help people protect...
The better person to ask that question would be a potential landlord. It depends on the landlord. I happen to be a landlord myself, and if a person comes to me looking to file bankruptcy, I know two things. First, they don’t have all that debt to compete with their...
I would love to say that by the grace of your Guardian Angels, you no longer owe this debt. But that’s not the case. It simply means that that particular creditor is no longer carrying the account as a receivable. It also likely means that they have claimed this as a...
Probably one of my most frequently asked questions. The answer is, bankruptcy isn’t that bad on your credit. The first question I ask people, is how is your credit now? Most people have let their credit slide a bit by the time they have contacted me. Even if your...
Yes. While there are some who believe that subprime lending such as payday loans are a benefit to society, I only see the downside. It typically turns into an endless trap due to the usurious rates of interest that they have lobbied the legislature to exempt them from...
Kare 11 recently reported that the FTC is cracking down on a Texas Business-to-business collections firm, which has engaged in illegal collection activities. Tucker, Albin & Associates agreed to cease and desist improper practices and pay a civil penalty of...
The United States Department of Justice recently released adjusted figures that apply for the bankruptcy means test, which is a test that is required for above-median debtors to see if they qualify for chapter 7. These figures apply to cases filed this month or...