Debt Charge-offs: Do you still owe the money?
Your debt was "charged off". What does that mean?
How Much Debt Do I Need To File Bankruptcy Chapter 7 11 or 13?
How much debt must you have before you can file bankruptcy?
Discharging consolidated debts in bankruptcy
Another frequent question I get from potential clients is whether debts that they are making payments on as part of a "debt consolidation" program are dischargeable in a bankruptcy case. In fact, I've had numerous people think that those aren't even debts anymore, once they are in a repayment program, or that magically the 15 debts they consolidated are now just one debt. Let me provide some simple, concise answers or explanations to these questions/comments. 1. Yes, debts that have [...]
Can You Only Bankrupt Certain Debts and Keep Others?
Whether you can discharge (bankrupt) specific debts and keep others is a question that over the years I get asked repeatedly. Actually, strangely enough, clients don't ask it as a question. They state it as if it were completely possible. "I want to get rid of my large debts and keep the small ones". After nearly twenty years of listening to this, I believe a lot of it stems from some very basic confusion of bankruptcy discharges and the general [...]
The Warning Signs of Bankruptcy
What are the warning signs of needing bankruptcy? Since the vast majority of people who seek to file bankruptcy wait too long before obtaining legal advice, it is important to know what some of the warning signs are that should prompt one to at least have a consultation with a qualified bankruptcy attorney. The following are some guidelines set forth by the Association of Independent Consumer Credit Counseling Agencies (AICCCA). If you find yourself fitting into more than one of [...]
Credit Card Interest Rates | Minimum Payments | Bankruptcy
credit cards cause interest rates?