Filing for bankruptcy is surprisingly easy – when you file with an attorney that is. Filing on your own is a nightmare wrapped in a headache smothered in an aneurism. There’s so much law to learn, so many mistakes to make, and so much money and assets to lose. And...
Considering Bankruptcy? Some Debts Remain After Filing
Bankruptcy is a terrific tool for eliminating debt. You can get rid of all kinds of credit card debt, medical bills, old auto repossessions, personal loans, and other unsecured debt. Bankruptcy also stops creditors in their tracks. Is someone trying to repossess your...
You Are Just Asking for Trouble if You File Bankruptcy Without an Attorney Part 2
In part 1 we learned that filing bankruptcy without an attorney is risky business. Now let’s take a look at more reasons to run out and hire an attorney ASAP. A Good Attorney’s not Free, and a Free Attorney’s not Good Still want to try it on your own? Here are some...
You Are Just Asking for Trouble if You File Bankruptcy Without an Attorney Part 1
They say a man who represents himself in court has a fool for a client. But that only applies to life-or-death situations, right? We are talking about bankruptcy, not the possibility of death row. This isn’t the O.J. Simpson trial or some episode of Law and Order....
Our Client – a Landscaper Whose Business Dried Up
Take a drive sometime through an expensive neighborhood and you are likely to see landscapers hard at work. Those topiaries don’t trim themselves after all. And you don’t think that successful anesthesiologist, or the guy who owns a chain of dry cleaners is going to...
Another NFL Bankruptcy: Clinton Portis
With a seemingly never-ending stream of former NFL players filing for bankruptcy, we could probably make this a weekly feature titled, “The NFL Bankruptcy Files.” “This Week’s Contestant Is… Clinton Portis!” We all know that being a running back is one of the more...
Cosigners and Bankruptcy… or How to Make Your Friends Into Enemies Without Really Trying Part 2
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...
Cosigners and Bankruptcy… or How to Make Your Friends Into Enemies Without Really Trying Part 1
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?...
Our Client Who Paid off Her Tax Debt With Credit Cards Before Filing for Bankruptcy – Don’t Be Like Her Part 2
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...
Our Client Who Paid off Her Tax Debt With Credit Cards Before Filing for Bankruptcy – Don’t Be Like Her Part 1
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...