I can't tell you how many times I've heard this, sometimes from a client or potential client and sometimes from others (as in "if someone has any money, they wouldn't need to come see you"). That's about as wrong as anything…more
You often read or hear that bankruptcy is a last resort for people with financial problems and should be avoided if at all possible. If you follow that advice, you could cost yourself a lot of money and miss out on many benefits…more
I needed my father to cosign my car loan for me. Now I need to file bankruptcy. Will my father need to pay off that loan?
In general, your father will still be liable on that loan if it's not paid in full. After all, that's…more
Many people who are in debt don't think clearly about it. How do I know that? I've been told that many times by clients who come to me to file bankruptcy. Let's explore that and see what type of thinking might be better…more
If you're thinking of filing bankruptcy, here are some things you might be tempted to do that might turn out to be a very bad idea…more
Last year I wrote a shorter update to a much longer article about "Will bankruptcy ruin my credit?" So what's new? A very recent client experience, that's what. A client got a new car loan at a very favorable interest rate a few…more
Being sued by a creditor is sure to get your attention. We'll explore what could happen if you do or do not file bankruptcy…more
I've been running up a lot of debt and can't pay it back. I wanted to make sure I paid my mother the money she loaned me, so I paid her back. Now I want to file bankruptcy to get rid of my other debts.
In the immortal words…more
In California, since you get exemptions to protect some of your money and property from creditors if they sue you, do you need to file bankruptcy to protect your money and property?…more
I'm often asked if bankruptcy can reduce mortgage payments. The short answer is "No" plus "Maybe". We'll take a look at both parts of that answer…more
Many people who need to file bankruptcy also want to pay certain people or businesses, particularly if they have a personal relationship with them. Wanting to pay family members and friends is very common, as is the desire to…more
I'm behind in my house mortgage payments and the bank is threatening to foreclose. Can bankruptcy save my house?…more
Are you struggling with debt and considering a "debt settlement" company? In 2011, the New York City Department of Consumer Affairs called debt settlement “the single greatest consumer fraud of the year.” The Better Business…more
If you filed bankruptcy and can't afford to keep your house (payments too high for your income), how long should you stay there?
As a part of your bankruptcy filing, you'll tell the court that you're surrendering your house…more
This holiday time a time of coming together for family and friends. That makes it a time for remembering what is really important…more
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