If your vehicle has been repossessed and not yet sold an auction, I may very well be able to help you get that vehicle back. Under Chapter 13 bankruptcy laws, that vehicle is still yours until such time that it is sold at auction. That means that the vehicle can be recovered and reorganized through [...]
Tags: Bankruptcy, Bankruptcy Lawyer
Posted July 17, 2011 by Imogen Lay under Credit Report
Millions of tickets are dolled out every year, not to mention government penalties and fines. Government tickets and fines are one of the most common forms of debt. Can these be discharged through a bankruptcy filing? In Chapter 7 bankruptcy, section 523(a)(7) of the Bankruptcy Code specifically states that fines and penalties owed to or [...]
Tags: Tickets, Tickets Bankruptcy
Posted July 17, 2011 by Imogen Lay under Credit Report
I generally try to talk clients out of reaffirming a car loan in most cases but it is ultimately the clients choice. Reaffirmation is risky because if the car is destroyed in an accident or you lose your job you still have to keep up the payments, you just cannot walk away. There seldom is [...]
Tags: Car Loan, Loan
Posted July 16, 2011 by Imogen Lay under Credit Report
In an event that is being held up as a sad display of the continued effects of the lingering housing crisis, a pregnant woman in Dallas, Texas was trampled after a crowd waiting to apply for housing vouchers got out of control. According to MSNBC: Dallas County residents hoping to secure a Dallas County Health [...]
Tags: Housing, Pregnant Woman
Posted July 14, 2011 by Imogen Lay under Credit Report
Summary: EU President Herman Van Rompuy called a meeting of top policy makers to discuss plans for a second bailout package for Greece. Katie Martin discusses whether the EU will let Greece default this time around and whether Spain or Italy could be next? View the video on our blog:
Tags: Default, Greece Default, Let Greece, Let Greece Default
Posted July 13, 2011 by Imogen Lay under Credit Report
Utilities and Bankruptcy Its hot outside and the economy is in shambles. Many consumers are struggling to pay bills and no one wants to be left without air conditioning in July. If youre concerned about having the power shut off due to past due utility bills, it is important to be aware of your rights [...]
Tags: Bankruptcy, Bankruptcy Keeping
Posted July 12, 2011 by Imogen Lay under Credit Report
How the Bankruptcy Means Test Works More and more consumers these days are becoming familiar with the bankruptcy Means Test and they are calling bankruptcy attorneys asking if they pass the Means Test. The Means Test is a test that you have to pass in order to qualify to file Chapter 7 bankruptcy. Actually, the [...]
Tags: Means Test, Means Test Works, Test Works, Works
Posted July 9, 2011 by Imogen Lay under Credit Report
In some circumstances, foreclosure can be inevitable – loss of employment, changes in life circumstances, divorce – all can result in the loss of one’s home. Bankruptcy can often help protect people in tough circumstances from liability on their mortgages, giving them the option to walk away without owing their lender any money. Monthly Association [...]
Tags: Bankruptcy, Fees Bankruptcy
Posted July 6, 2011 by Imogen Lay under Credit Report
A Chapter 7 bankruptcy may provide a person inundated with debt some relief. A Chapter 7 bankruptcy gives the debtor an opportunity to liquidate certain assets in exchange for a discharge from debts owed. Creditors included in the bankruptcy will be prohibited from taking any further collection action against the debtor once the discharge is [...]
Tags: Bankruptcy Discharge, Discharge
Posted July 4, 2011 by Imogen Lay under Credit Report