Reality Can Stink. You had some hard times and ended up filing a Chapter 13 bankruptcy. Maybe you fell behind on your mortgage or car payments. Perhaps, you had large tax debt. Maybe it was an illness or accident that put you behind. But now you are back on track, you have been making your …
How To Handle Bankruptcy Payments When Your Income Drops. Read More »
This is a freelance article from Gemma Herbert Bankruptcy might not have the best reputation in the world, but don’t let that fool you: it’s a good thing. Aside from helping the economy and protecting your home and assets, it also allows you to have a fresh start and look to the future without the …
He was clearly upset as I broke the news to him that I could not help him to save his house. My heart was breaking as I tried to explain why he had lost his house. After a couple of years of really hard times due to medical problems and loss of income, he came …
Retired Man Loses His House Because He Tried To File Bankruptcy Without An Attorney. Read More »
With the local layoffs from Bank of America and Radio Shack, and the recent announcement of the impending Newport News Shipbuilding layoffs, a significant number of people in Hampton Roads will soon become unemployed. Below are a few of our tips to survive a layoff and keep your finances healthy. 1 – Leave With Money …
There are some law firms in Virginia that specialize in filing either Chapter 13 bankruptcies or Chapter 7 bankruptcies. When they meet with a client, they will try to fit the client into the type of bankruptcy that they file. Some firms will tell clients that they have to file a Chapter 13 bankruptcy regardless …
Don’t Be Pressured Into Filing A Bankruptcy That Is Best For The Attorney! Read More »
I was in court and a case was called where the trustee had filed a motion to have the Chapter 13 dismissed because the debtor had failed to cooperate with the trustee. The trustee’s attorney advised the court that the debtor had testified at his 341 hearing, four months earlier, that he had recently obtained …
Chapter 13 Dismissed For Failure To Provide Pay Stubs Read More »
A recent article posted on a site maintained by a credit card company purportedly discussed the differences between filing for bankruptcy and paying off debts through a debt consolidation program. Not surprisingly, it recommended paying off the credit card debt. There were several statements in the article that were not completely accurate. The author says …
What causes the Bankruptcy Court to dismiss a case with prejudice? According to the Code, a case can be dismissed with prejudice only for “cause.” This begs the question, what constitutes “cause”? Unfortunately, the Code does not define “cause” for dismissal purposes. However, one Circuit Court of Appeals has held that “bad faith” is “cause” …
You Don’t Want Your Virginia Bankruptcy Case Dismissed With Prejudice Read More »
When an individual files bankruptcy, most creditors are barred from taking any collection actions against the person. However, there are a couple of exceptions to that bar. One of the largest of these exceptions is for child or spousal support. In bankruptcy, child and spousal support payments are defined as domestic support obligations. The bankruptcy …
Bankruptcy Court’s Authority Over Support Payments And Arrears Read More »
Unlike Chapter 7 Bankruptcy, which will remove your obligations on a co-signed loan leaving your co-signor completely responsible for the debt, in a Chapter 13 bankruptcy, you can protect the co-signor. This should be a consideration in choosing what type of bankruptcy to file. If you have loans or credit cards that someone has co-signed …
Protecting A Co-Signor On A Loan In A Chapter 13 Bankruptcy Read More »
