Prevent Foreclosure

In order to prevent foreclosure, don’t wait to get help to save your house.  Waiting until the last second could prevent you from getting the help you need. I got a call on a Friday afternoon from a person facing foreclosure the following Tuesday.  While it was still possible to file a chapter 13 bankruptcy […]

Strip 2d & 3d Mortgages With Chapter 13 Bankruptcy

You may be able to strip 2d & 3d mortgages with chapter 13 bankruptcy!  Lien “stripping” changes junior liens like 2d & 3d mortgages from secured debts to unsecured ones that can be discharged in bankruptcy without losing your home.  The junior mortgage must be completely “underwater” in order to do strip it, so this […]

Bankruptcy Will Not Ruin Your Credit

For most people, filing bankruptcy will not ruin your credit, contrary to popular opinion.  In fact, filing bankruptcy can actually fix your credit in addition to its main benefits of getting rid of your debts and protecting you from creditors. First, if you are behind on your bills, your credit is not your biggest problem.  […]

Student Loans In Bankruptcy

You cannot discharge student loans in bankruptcy, and everyone seems to know that.  You used to be able to discharge private student loans in bankruptcy, but the law was changed in 2005 so that you cannot discharge private student loans either.  The rationale for this is that, unlike other loans such as credit cards, your […]

Loan Modification In Bankruptcy

A loan modification in chapter 13 bankruptcy can be the answer to your mortgage payment problems.  Are you unable to pay your mortgage because you can’t afford the payments, or because you’ve gotten behind on them and cannot afford to make them up while paying your mortgage?  If so, a loan modification may be your […]

Don’t Be Embarrassed By Bankruptcy

Don’t be embarrassed by bankruptcy.  Many, if not most, people who have serious financial problems are embarrassed by those problems, but they are even more embarrassed by considering bankruptcy as a solution.  However, you should not be embarrassed by using bankruptcy to fix your financial problems. It is completely understandable that you are embarrassed because […]

Lower Your Total Debt Payments

You can lower your total debt payments, like credit card and medical debts, by consolidating your debts with a chapter 13 bankruptcy.  There are many debt consolidation companies, and a lot of them will rip you off.  However, you can use chapter 13 bankruptcy as a debt consolidation without the fear of being ripped off by a dishonest company. […]

Bankruptcy & Foreclosure

Do you hesitate to file bankruptcy even if you are facing foreclosure because you are concerned about your credit, even if you are in foreclosure?  Are you more concerned about your credit or the stigma of filing bankruptcy than about saving your home?  Don’t laugh; I actually had a case like that. Marge (not her […]

Bankruptcy Help During The Coronavirus

Do you need bankruptcy help during the coronavirus?  While we are still not seeing clients in our office because of the coronavirus, our office is conducting free telephone and video consultations for people who need help with debts they can’t afford to pay.  We have also implemented a completely electronic/digital program, so that you can […]

Negotiating With A Creditor

Are you negotiating with a creditor to try to lower your debt?  Some people do this because they can’t or don’t want to file bankruptcy.  However, negotiating yourself without an attorney can cost you a lot more money than an attorney would cost. A current client who I’ll call Barb (not her real name) wanted […]