Archive for Bankruptcy
Beware the Bankruptcy Petition Preparer
I saw an advertisement on craigslist yesterday that piqued my interest.
It was a simple ad really, Chapter 7 bankruptcy $399. So I started thinking what’s the catch. Generally speaking attorneys in the Lehigh Valley charge anywhere from $1600-$3000 for Chapter 7 bankruptcy service depending on the complexity of the case.
So I open the add and [...]
Can Debt Settlement Resolve My Debt Issues?
A question I get from time to time is “why should I file bankruptcy when I can pay $X dollars a month to a debt settlement company and resolve my debt problem.”
For a select few, debt settlement is a good option, however, the majority creditors would be better served with a Chapter 7 bankruptcy or [...]
Student Loans and Bankruptcy, Any Way Out?
I can remember like it was yesterday when I signed my promissory note for college loans. They made it clear, you have to pay this student loan back, and they meant it.
Now as a bankruptcy attorney, my student loan is my only major debt. My wife and I have not yet purchased a [...]
Mortgage Modified on the Third Attempt
Sometimes the most important part of the mortgage modification process is being persistent.
This morning at about 10:30 AM, I was able to secure a mortgage modification for client whose case I thought was dead in the water.
The lender was a Aurora mortgage company based out of Colorado that operates more like a mom-and-pop shop than [...]
What Should I Do While Waiting For My Mortgage Modification?
I had a frustrating case come to a frustrating end this week. It was one of those cases that I went back and forth negotiating with the bank to get my client a better deal.
I finally had the deal in hand, 4.85% fixed (down from 11.7 variable) with $3300 down payment.
Now the bad news. My [...]
Question 3 at the 341 Meeting of Creditors: Are All Your Assets and Creditors Listed on the Schedules?
This is the third in my series of posts regarding questions being asked at the 341 meeting of creditors.
Preparation is the key to a successful 341 meeting of creditors, in fact proper preparation is the key to successful bankruptcy case. It is important be ready for any question that the bankruptcy trustee throws at you. [...]
I lost my job after filing Chapter 13 bankruptcy now what do I do?
If there is anything that can throw a monkey-wrench into a Chapter 13 bankruptcy plan, it’s the loss of a job.
The person is in a Chapter 13 bankruptcy is already having difficulty meeting their obligations and most likely needed a Chapter 13 bankruptcy to keep from losing their home to foreclosure.
The temporary loss of income [...]
Credit card bill balilout law, how do I say this nicely?
Liar liar pants on fire.
That’s the best line I can come up with right now. I don’t let too many things upset me, in fact I not only know the serenity prayer but practice it fairly well these days, but there is one thing that drives me crazy: when companies advertise things that are absolutely [...]
M&Ms and bankruptcy the unseen connection
About 30 minutes ago I was reminded of one of the key factors in making a bankruptcy successful. The reminder didn’t come in bankruptcy court, it didn’t come in my office, it didn’t come from a NACBA newsletter, this reminder came from my own freezer.
Let me give you little bit of background, about three weeks [...]
Why did my Chapter 13 plan payment go up so much?
I probably would have to practice law anymore if I got a dollar for every time I’ve asked this question: “Why did my Chapter 13 plan payment go up so much?”
It’s actually pretty simple, but there’s no solace to client to find out that they’re going to have to spend a significant amount more money [...]