Monthly Archives: March 2011

TYPES OF BANKRUPTCY

TYPES OF BANKRUPTCY There are two types of bankruptcy, reorganization and liquidation.  A liquidation bankruptcy regularly called Chapter 7 and a reorganization bankruptcy case, which is regularly called a Chapter 13, 11 or 12. A common misconception is that a … Continue reading

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QUIT USING YOUR CHILDREN AS AN EXCUSE

QUIT USING YOUR CHILDREN AS AN EXCUSE Potential clients often say that they cannot file bankruptcy or give up their home or car because of the children. Are you really saying that you would rather be constantly struggling to make … Continue reading

Posted in Broke Emotionally & Financially | Leave a comment

BANKRUPTCY AND OFFSET/SETOFF

BANKRUPTCY MAY SAVE YOUR BANK ACCOUNT One of the worse things that can happen to you is for your bank account to be suddenly drained of cash.  This happens because your bank has the right of offset.   What this means … Continue reading

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DO NOT FILE BANKRUPTCY JUST BECAUSE OF BILLS

HELP I CANNOT PAY MY BILLS SO I NEED TO FILE BANKRUPTCY • Job Loss• Sickness• Divorce• Bad investments• Poor money management• Keeping up with the Jones• Getting into a home and not being able to get back out Understanding … Continue reading

Posted in Filing Bankruptcy Issues | Leave a comment

MAKING THE DECISION TO FILE BANKRUPTCY

Do not assume that bankruptcy will help you or hurt you The decision to file bankruptcy should always be made only after you have considered your situation and what is best for you.  Too often, I have people coming into … Continue reading

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Collection Actions Before Bankruptcy

A creditor who has a judgment against you may decide to levy your checking or savings account.  All the creditor needs is a judgment and then the creditor can go to a Judge and get an Order to give to … Continue reading

Posted in Debt Collectors | Leave a comment