Blog

Oct. 14, 2022

More and more, I come across clients with what I call a Zombie Second Mortgage.  What do I mean by that?  A Zombie Second Mortgage is an old mortgage, typically taken out during the great recession, that still follows the homeowner around years after they have stopped making payments.

Feb. 17, 2022

Many people struggling with overwhelming debt are concerned about how a bankruptcy will affect them. They get bad advice from family and friends. They search the internet and find conflicting information. There are many misconceptions that people wrongly believe are correct and keep them from filing from bankruptcy and getting a fresh start.

Feb. 7, 2022

Home values have increased substantially over the last several years. As a result, many individuals and families have gained a significant amount of equity in their residence. The question then is what happens to all the equity you have built up when you file a bankruptcy? Does it go to pay creditors? Do you keep it? The answer, as always is “it depends.”

Jan. 25, 2022

How much is my plan payment going to be? This is by far the most common question I get from individuals contemplating a Chapter 13 Bankruptcy. As always, the answer depends on several factors.

Dec. 2, 2021

Many individuals, when contemplating filing for bankruptcy, worry about protecting assets from creditors. The stress and worry often cause people to take actions that later adversely affect their bankruptcy case. One common mistake is the transfer of property prior to filing bankruptcy.

Jan. 30, 2021

A common situation that arises with individuals filing for bankruptcy are loans from family members or friends. After all, if you are struggling financially, it is natural to reach out to your family and/or friends for help.

Jan. 22, 2021

When you file a Chapter 7 or Chapter 13 Bankruptcy, you will be required to appear at a 341 Meeting of Creditors. It is called a 341 Meeting or 341 Hearing because Section 341 of the Bankruptcy Code requires each debtor to personally appear and submit to an examination under oath.

Jan. 22, 2021

Most individuals struggling with an overwhelming amount of debt are faced with two options: Bankruptcy or Debt Settlement. Understanding the advantages and disadvantages of each will allow you to make an informed decision about what is best for your situation.

Jan. 21, 2021

Individuals commonly ask if a bankruptcy can discharge their income tax debt. Older income tax debts are dischargeable in a bankruptcy provided certain conditions are met.

Jan. 21, 2021

A Chapter 13 Bankruptcy lasts 3-5 years. You might need to finance the purchase of a vehicle during your Chapter 13 Bankruptcy case. Perhaps you have a high mileage vehicle that is constantly breaking down due to various mechanical issues, or your vehicle might be totaled in an accident.