Category Archives: Bankruptcy Code

Chapter 13 Reorganization

People who cannot car payments, and/or owe back house payments, back IRS taxes, back child support, delinquent property taxes, and others may file for protection under Chapter 13 of the Bankruptcy Law to stop foreclosure on their home, repossession of their car(s), to stop IRS wage and bank account levies, and tax liens on their […]

Chapter 7 Fresh Start Bankruptcy

Chapter 7 Fresh Start Bankruptcy may be used to eliminate credit card debt, medical debt, deficiencies after a foreclosure and/or repossession.  There are other debts dischargeable in a Chapter 7, but credit cards, medical and deficiencies are the most common.  Clients who are defined as “Debtors” in the Bankruptcy Law need to be current on […]

The Mortgage Lender Implode-O-Meter

As millions of Americans are losing their homes, often unjustly because they were enticed into programs that have harmed them, at least one Website is gleefully tallying the number of these outrageous lenders that have run into trouble themselves.
The Mortgage Lender Implode-O-Meter has become so recognized that, according to The New York Times, at the […]

Barack Obama Proposes Bankruptcy Reforms

According to the Associated Press and Fox News, Democratic presidential candidate Barack Obama has proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. In doing so, Obama also accused Republican rival John McCain of repeatedly siding with the banking industry, […]

12 Misconceptions About Bankruptcy

MSN Money lists the 12 Myths About Bankruptcy. They are:
1. Everyone will know I’ve filed for bankruptcy. Unless you’re a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. […]