Tag Archives: Chapter 7 bankruptcy

Can Chapter 7 Stop Wage Garnishment from Default Credit Cards?
Before some people actually make an appointment for a free consultation their lives are so stressful.  Finances - especially large amounts of debt often force people to make decisions that they know instinctively are wrong, but they make them because of fear and desperation.   Most people juggle their finances robbing Peter to pay Paul for as long as they can.  At some point you  face the inevitable, your financial life is in chaos...
Bankruptcy – Chapter 7 “A Fresh Start for an Honest Debtor”
Bankruptcy is an essential component of a capitalistic society. The alternative to a Bankruptcy Code is a Debtor’s Prison.  In 1833 our Country abolished federal imprisonment for unpaid debts. Further, without a Bankruptcy Code coupled with other federal laws our society would be dominated by a few holding all the wealth of our country, i.e. the winners of a giant monopoly game. All of us run...
My Mistake After Filing Bankruptcy
A mistake that some people make after filing bankruptcy is being too cautious.  Sounds strange, but it’s true.  It feels really good to have a fresh start.  So how can you possibly be too cautious with your credit after the mess your bankruptcy just cleaned up?? I am guilty of it.  Since filing a Chapter 7 I wouldn’t buy anything unless I had cash.  I was driving...
Pay Day Loan Companies Are Cunning!
Lots of people seeking help from a bankruptcy lawyer to file a Chapte 7 (eliminate unsecured creditors) or a chapter 13, have one or more payday loans.  Payday loans are difficult to deal with for both the client and the bankruptcy lawyer.  The companies that offer these loans seem to know every trick in the book to continue  receiving payments, as well as avoiding having...
A NEW EVIL HAS EMERGED – DEBT RELIEF STOREFRONTS
Oh my God, today I spoke with a woman who was considering bankruptcy as a way to get out from under her credit card debt.  She like most people would rather pay off her debts than file for bankruptcy especially when you can wrap your arms around your debt total.  I applaud your ethics and values.  Sometimes, based on how much you owe in credit...
Copies Vs. Originals at Your Bankruptcy’s 341 Meeting
Required by law, the first request that a trustee for a Chapter 7 or a Chapter 13 bankruptcy makes of a debtor is to see his driver's license and social security card in order to establish the identity of the debtor.  The trustee is fulfilling his obligation to identify the debtor by seeing an original driver's license, because it has a picture of the debtor...
MEANS TEST TWEAKED, SCORE TWO POINTS FOR THE CONSUMER
The "Means Test" became law as part of the Bankruptcy Consumer Protection Act Of 2005.  The test is mandated by the bankruptcy code including a long, vague and confusing explanation of exactly how to set up the test, which was left to the Office of the United States Trustee.  The backbone of the test is derived from the Internal Revenue Code.  The test has gone...
Bankruptcy, The Answer For Your Business?
Have you ever wondered why doctors and lawyers ‘practice' their profession?  I have.  Today you have to be lucky to find a doctor that focuses on ‘healing' and an attorney that focuses on ‘selfless problem solving'.  It has been my experience that the word ‘practice' gives professionals the freedom to make choices that may not best serve our needs.  It's important to sift through the...

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