Monthly Archives: February 2012

DID YOU PLAN TO FILE BANKRUPTCY?

As someone who has filed bankruptcy for many people and talked to many others, I have yet to find a single client who planned to file bankruptcy. Everyone I have met always worked hard, tried to get ahead and then … Continue reading

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BANKRUPTCY AND MEANS TEST STUPIDITY

The means test was established to make sure that people who have the ability to pay their unsecured creditors money are required to make payments to the unsecured creditors. The means test is legislation that really back fired because someone … Continue reading

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WHY YOU LOVE EXEMPTIONS AND REPOSSESSIONS SELDOM OCCUR

WHY YOU LOVE EXEMPTIONS AND REPOSSESSIONS SELDOM OCCUR  Exemptions are why you should not be terrified of most creditors. Before we talk about what exemptions are, let’s talk about what they are not. Exemptions are not something that helps you … Continue reading

Posted in Broke Emotionally & Financially, Creditor Seizing of Assets, EXEMPTIONS | Tagged , , , , , , | Leave a comment

TWO TRUSTEES IN SOUTH CAROLINA BANKRUPTCY CASES, WHY?

TWO TRUSTEES IN SOUTH CAROLINA BANKRUPTCY CASES, WHY?  If you file a bankruptcy case is South Carolina under Chapter 7 or Chapter 13, you will always have a Trustee assigned to oversee your case. This person is called the case Trustee and … Continue reading

Posted in Chapter 13 Bankruptcy, Chapter 7, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , | Leave a comment

WHY DOESN’T MY MORTGAGE COMPANY HELP ME MORE?

A common statement that I hear is that mortgage companies do not try to help work out a viable repayment plan. The borrower is able to make a substantial portion or all of the regular monthly payment. For reasons unknown … Continue reading

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WHY WAS FILING BANKRUPTCY A SMART MOVE FOR HOSTESS CUPCAKES?

I am always confused by the statements of people who use terms such as bad, immoral, stupid or some other derogatory phrase to describe someone who has filed for bankruptcy. These are the same people who think that Delta, General … Continue reading

Posted in Making the Decision to do Something | Leave a comment