by Haines Meyer | Dec 28, 2015 | Bankruptcy, Chapter 7 Bankruptcy
In part 1 we learned about a very common scenario that can be devastating to friendships. You cosigned for your friend’s car, and he decides not to make the payments. Now you are stuck owing money on a vehicle you don’t even own. We will now look at how bankruptcy can...
by Haines Meyer | Dec 21, 2015 | Bankruptcy, Chapter 7 Bankruptcy
At first, cosigning for someone else seems like the most altruistic act you can do for your friend. After all, how else could he qualify for that brand new Lexus? His credit is totally trashed thanks to the last car he owned. Wait…. wasn’t his last car repossessed?...
by Haines Meyer | Dec 9, 2015 | Bankruptcy, Chapter 7 Bankruptcy, Credit
In part 1 we learned about one of our clients who decided to pay off her tax debt with a credit card prior to filing for bankruptcy. Sounds clever enough, doesn’t it? After all, she took recent tax debt which cannot be eliminated by filing for bankruptcy, and turned...
by Haines Meyer | Dec 2, 2015 | Bankruptcy, Chapter 7 Bankruptcy, Credit
Got some newish tax debt? Your bankruptcy attorney probably told you that it’s not going to get eliminated when you file for bankruptcy. But she also said something else. She told you that most if not all of your credit card debt will get wiped out when you file. So...
by Haines Meyer | Nov 24, 2015 | Bankruptcy, Celebrity Bankruptcy, Chapter 11 Bankruptcy
Don’t you just love velvet ropes? They can do so many things, and are such a sophisticated and chic way of saying “keep out,” especially when compared to their obnoxious cousin, yellow police tape. Just think about it the next time you are at the bank, waiting in that...
