Tag Archives: chapter 7

Credit Repair? Is it for Real? No!.

Posted on May 21, 2013 by

Almost all “Credit Repair” schemes you see are frauds. The article: What do you mean there is No Credit Repair Fairy?” is dead on. We’ve all seen the ads- fix your credit, repair your credit now! Don’t buy it! http://mesquitemoney.org/what-do-you-mean-theres-no-credit-repair-fairy/ … Continue reading →

→ Leave a comment

Looking for a Job— Bad Credit Can Haunt You

Posted on May 13, 2013 by

The country is trying to recover from recession, and it just seems more difficult for casualties of the economy. If you lose your job and try to find a new one, many employers will check your credit. It becomes a … Continue reading →

→ Leave a comment

An Oldie but a Goodie- How much does it Cost to File Bankruptcy?

Posted on April 20, 2013 by

This is a question that is very hard to answer without an attorney meeting with you. The legal fees and court costs of a bankruptcy are the last part of the process. First, the attorney needs to know which companies … Continue reading →

→ Leave a comment

Do I Have to Pay Taxes on Debts I Included in Bankruptcy?

Posted on April 13, 2013 by

Hopefully, you have filed your taxes by now, but if you haven’t, you could still file for an extension to October 15th. (By the way, the extension doesn’t extend the due date for the payments!) Many times people who file … Continue reading →

→ Leave a comment

Is a Deed In Lieu a Good Option?

Posted on March 3, 2013 by

Here is a question I answered about the “Deed in Lieu” option. Deed in Lieu means giving the bank back the house by agreement, right away, instead of making them go through the whole foreclosure process and spending the legal … Continue reading →

→ Leave a comment

I’m Expecting a Tax Refund—When Should I File Bankruptcy?

Posted on January 23, 2013 by

I’m Expecting a Tax Refund—When Should I File Bankruptcy? This is the time of year when people are preparing to file their income tax returns. Most of the clients I see are expecting, and hoping for, a large tax refund. … Continue reading →

→ Leave a comment

Should You Go to Your Foreclosure Court Hearings?

Posted on January 19, 2013 by

Here is a question posted on AVVO.com: My 1st court date for foreclos(ure) proceeding (fifth third bank) is March 28, I can not file for a chapter 13 until April 11 do I go? I can’t file for a ch13 … Continue reading →

→ Leave a comment

How long does bankruptcy take?

Posted on January 10, 2013 by

This was a question asked on AVVO, and here is my answer: A bankruptcy case, generally, takes about 5-6 months from the date it is filed to the “discharge” or end of the case, if it is a Chapter 7 … Continue reading →

→ Leave a comment

Update — Mortgage Forgiveness Debt Relief Act Extended 1 More Year

Posted on January 3, 2013 by

Under the “Fiscal Cliff” deal, the IRS provisions which eliminated taxes on forgiven debt for short sales on houses was extended. It was set to expire at the end of 2012. Now it will be extended until the end of … Continue reading →

→ Leave a comment

Bankruptcy and Divorce: Getting through the Maze

Posted on January 2, 2013 by

Dealing with financial problems is not easy. When clients are also dealing with divorce issues, it makes their situation much more difficult. Most of the time, when clients call me, the bankruptcy lawyer, they are already separated and trying to … Continue reading →

→ Leave a comment