Falling behind on property taxes is serious, but not necessarily reason to rush off and sell your home. This continues a series of blogs about why you should get advice from a bankruptcy attorney before selling your home while under financial pressure, this one particularly on getting behind on property taxes. Property Tax—the Superior Lien … [Read more...]
Property Tax Debt—Another Good Reason to Get Bankruptcy Advice before Selling Your Home
August 7, 2014 by Leave a Comment
Three More Good Reasons to Get Bankruptcy Advice Before Selling Your Home
July 24, 2014 by Leave a Comment
Get advice if 1) you can’t afford your house payments, 2) it has an income tax lien, or 3) your mortgage modification was rejected. The last blog gave three reasons why you should get advice from a bankruptcy attorney before selling your home. Here are three more. They will help you make better decisions about your home, and could save you lots … [Read more...]
Get Bankruptcy Advice BEFORE Selling Your Home
July 9, 2014 by Leave a Comment
If you’re hurting financially, getting advice from a bankruptcy attorney before you sell your home could save you lots of money. Here’s how: Get Rid of Judgment Liens, Instead of Paying Them If you have been sued by a creditor, or by anybody, and you didn’t resolve and pay the obligation, most likely a judgment was entered against you. . You … [Read more...]
Easy but Important Mistakes to Avoid: Selling or Borrowing against Assets Protected in Bankruptcy
June 19, 2014 by Leave a Comment
Give yourself a fresh financial start NOT just with your debts, but also with your assets. How to How to Get the Most Out of Your Bankruptcy The focus in bankruptcy is on dealing with your debts, wiping out and getting a handle on the negative side of your balance sheet. But getting a financial fresh start means not just getting relieved of … [Read more...]
Easy but Important Mistakes to Avoid: Surrendering Your Vehicle or Getting it Repossessed
June 4, 2014 by Leave a Comment
What if you could pay less per month, lower the interest, and pay less until you owned your vehicle free and clear? Bankruptcy as a Game-Changer Bankruptcy is full of surprises, mostly pleasant ones. The most important reason to see a bankruptcy attorney sooner rather than later is that you will then more likely be able to take advantage of … [Read more...]
Easy but Important Mistakes to Avoid: “Preferences”
May 16, 2014 by Leave a Comment
Acting honorably towards a favorite creditor or two before filing bankruptcy can make you anything but their favorite. Paying Your Favorite Creditor Before Filing Bankruptcy Although bankruptcy law fixates on what you own and who you owe at the moment your bankruptcy case is filed, there are some important ways that the law can look into the … [Read more...]
Easy but Important Mistakes to Avoid While Considering Bankruptcy
May 2, 2014 by Leave a Comment
Words I hate to tell new clients: “If only you’d come to talk with me sooner.” Bankruptcy attorneys are in this area of law because we really want to help people. What makes me want to come to the office every day is the privilege of listening to people’s tough stories and then giving them good news about how I can help make their life much … [Read more...]
Is Chapter 7 or 13 Better for Your Home?
April 17, 2014 by Leave a Comment
Although either type of consumer bankruptcy will temporarily stop a foreclosure of your home, which is better for you in the long run? The Overly Simple Answer If you are behind on your mortgage, and definitely want to keep your home, then the simple guideline is this: file a Chapter 7 “straight bankruptcy” case if that allows you to catch up on … [Read more...]
Gaining the Protections of the “Automatic Stay” for Your Home
April 4, 2014 by Leave a Comment
Either Chapter 7 or Chapter 13 will stop a foreclosure. The Bankruptcy Code says that a bankruptcy "petition filed . . . operates as a stay, applicable to all entities, of— . . . any act to . . . enforce [any lien] against any property of the debtor . . . ." See Section 362(a)(4) . This means that the mere filing of your bankruptcy case will … [Read more...]
The Fast and Broad Protections of the “Automatic Stay”
March 28, 2014 by Leave a Comment
The “automatic stay” gives protection for you and your assets that is awesomely fast. And very broad. Don’t take it for granted. The last two blogs have dug into the relatively rare situations in which the “automatic stay” does not protect you or your assets. But it’s important to understand that those are unusual exceptions. Almost all the time, … [Read more...]
