Category Archives: Filing Bankruptcy Issues

CAN I FILE BANKRUPTCY TO GET RID OF CREDIT CARD DEBT?

QUESTION:  I have credit card debt that I cannot pay. I would like to file bankruptcy. I have no personal assets. I need assistance with this process. What is the first step? ANSWER: You need to contact an attorney to … Continue reading

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WHAT HAPPENS IF I DON’T FILE BANKRUPTCY, AM I STUCK WITH THE DEBT?

Question: What Happens If I Don’t File Bankruptcy, Am I Stuck with the Debt? Question Detail: My friend and I purchased a timeshare together. Our friendship apart, but he said he would pay the bill but couldn’t because he lost … Continue reading

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HOW CAN A CHAPTER 13 DEBTOR SELL PROPERTY?

A Chapter 13 debtor may not sell or dispose of property that he or she owns when a Chapter 13 Bankruptcy case is filed unless approval is first obtained from the Bankruptcy Court. Remember that property includes real property such … Continue reading

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WILL MORTGAGE FORGIVENESS HURT MORE THAN IT HELPS?

A settlement has been reached between several of the mortgage companies and the United States Government regarding bad lending practices. As a part of the settlement, the balance owed on certain loans is being forgiven. How can it be bad … Continue reading

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DISCHARGE-BANKRUPTCY-THE DANGER IN NOT USING AN ATTORNEY

Bankruptcy does not discharge all debts, but, it discharges many types of debts.  There are actually different discharges that are granted for different types of debts.  If you use a petition preparer or computer form, will you properly plan so … Continue reading

Posted in Chapter 11, Chapter 13 Bankruptcy, Chapter 7, Discharge, Filing Bankruptcy Issues, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , | Leave a comment

BANKRUPTCY IS NOT EMBARRASSING-DOING NOTHING IS!

I am often told by someone who is considering filing bankruptcy that they are embarrassed. They do not want to let their friends and family know that they are having financial problems. Because most people have not been properly educated … Continue reading

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