Too Big for Chapter 13; Too Rich for Chapter 7
When consumers file bankruptcy they usually file under Chapter 7 or Chapter 13. Chapter 7 is the most popular, accounting for about 60% of all filings, with Chapter 13 occupying the second place [...]
What does the automatic stay do?
One of the most powerful tools in the bankruptcy tool box is the automatic stay. Lawyers talk about it a lot, creditors are afraid of violating it and most debtors wonder what it is. The word [...]
Why Is My Lender Heartless?
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.” This quote is often attributed to Mark Twain (as are so many [...]
Bankruptcy Scams
Because bankruptcy can stop creditors’ collection efforts, at least temporarily and sometimes permanently, and because bankruptcy laws are complex, fraudsters often target people in [...]
Use a Little Common Sense
The two guys in this picture are probably about one case of beer into their DIY project. Anyone looking at this can see it’s a disaster waiting to happen. What WERE they thinking? Too often [...]
HOME EQUITY LOANS
The real estate market is up in most places around the United States. That’s good news for homeowners who may have been under water with their mortgages for the past several years. But it also [...]