The case was filed with the understanding that the debtor would go ahead and file the most recent four years of taxes within 1 to 2 weeks of the date of filing. The debtor did have those taxes prepared however he was not able to pay the tax preparers entire fee. For this reason, copies […]
I have been getting more and more inquiries regarding prior clients with regard to their mortgage companies. It appears that the mortgage companies are not reporting their timely payments to the credit bureaus. For this reason, I decided to address it in this blog. The bottom line is that your mortgage company is not required […]
It is understandable that nerves will run high at a bankruptcy creditors meeting. After all, the debtor is likely filing his first and only bankruptcy case in his life. He understands that he must appear in front of a trustee and be examined under oath with regard to the petition and schedules that were filed […]
The Repo List It seems like in these tough economic times, there are more and more people driving around town worried about the repo man. After all, you don’t have to fall very far behind in your car payment to have the creditor calling you day and night about your payment. From there it’s only […]
Trustee’s Meeting With Debtor Once your bankruptcy case is filed, the clerk of the United States Bankruptcy Court will send a notice of your upcoming 341 meeting of creditors. The notice will be sent to all creditors, the debtor and the debtor’s attorney. This meeting of creditors is an opportunity for the panel trustee to […]
Powerful Collection Tool A very powerful collection tool is for a creditor to freeze a debtor’s bank account. Most large creditor law firms and other collection lawyers have the ability to find out where you work and where you bank. Once a creditor has obtained a judgment and has knowledge as to where you bank, […]
Credit Score Concerns Everybody is concerned with their credit score these days. Everybody wants to rebound as quickly as possible after a bankruptcy case. A better credit score will indicate that you are a better risk for future credit opportunities. The interest rate that you can garner will be better if your score is better […]
Foreclosure I think it’s safe to say that the peak of the foreclosure crisis is behind us. Many people have already lost their homes, sold their homes, walked away from their homes or reorganized their debt through chapter 13 bankruptcy. Others have received modification offers from lenders, offers for deeds in lieu of foreclosure, relocation […]
Most bankruptcy attorneys utilize an intake questionnaire to gather information about the potential client. This information is critically important to determine whether or not chapter 7 or chapter 13 would apply. It is also important to know what type of assets are involved, what type of debts are involved, and importantly, the income and expense […]
Major Events It takes a lot for some people to take action. It takes a major event sometimes before someone will pick up the phone and seek help. Sometimes it’s in the form of a lawsuit served by a Sheriff to the front door. Other times, it’s a notice from the Secretary of State that […]