Creditors can seize the money in your bank accounts if they have received a judgmentagainst you. Know Your Rights The money in your bank account may be shielded from creditors, commonly referred to as “exempt;” however, if you do not know how to inform the Courts that your funds are exempt, the garnishment will most likely […]
Raise Your Credit Score 100 Points In 9 Months
Forget What You Have Been Told When trying to raise your credit score by any amount, nonetheless one hundred points, the furthest thing from most people’s minds is bankruptcy. Nevertheless, that is exactly how many of our clients are able to regain control of their finances and truly increase their credit score. I am sure […]
What Is A Judgment Against Me?
A judgment against you is an order from the Court to pay a debt. A judgment comes about if you owe a debt to a creditor and they file a lawsuit against you to recover the funds. If you fail to defend yourself, or have no defense, the creditor will most likely receive a judgment against […]
What To Do If A Creditor Sues You
If you receive legal pleadings from a creditor it is imperative that you know your rights as a debtor. Time Is Of The Essence The first thing you need to acknowledge is that time is of the essence. Once you receive the pleadings, you only have a very short period of time to do something […]
Do I Have To Attend A Bankruptcy Hearing?
The short answer to the question, “Do I have to attend a bankruptcy hearing?” is “Yes.” It is very important for you to appear before the trustee for a myriad of reasons. Therefore, the trustee’s office expects you to appear and will dismiss your case if you fail to appear or make other arrangements. Now the long […]
What Is The Bankruptcy Means Test?
The Means Test in a bankruptcy determines whether or not you are eligible for a Chapter 7 filing and what amount your plan payment must be should you decide to file a Chapter 13 case. Chapter 7 If your total household income is less than the median income for the county in which you reside, […]
Can I Reschedule My Bankruptcy Hearing?
You can reschedule your bankruptcy hearing, if you need to. If we represent you, the only thing you need to do is let us know that you need to reschedule the hearing at least24 hours prior to the scheduled hearing. Per the terms of the retainer that you signed with our office, if one of your attorneys […]
What Is A Secured Debt?
In a bankruptcy it is important to understand which of your debts are secured as you will have to decide whether you surrender the property or reaffirm the debt. Secured debts are debts that are linked to some type of property. The most common types of secured debts are your car payment and your house payment. Additionally, […]
Child Support in Bankruptcy
Bankruptcy can actually help solve your child support problems even though you cannot discharge child support in a bankruptcy. What Bankruptcy Can Do For Child Support Filing a Chapter 13 bankruptcy could do the following for your financial situation: Help you get caught up on your child support obligation; Prove to the judge in your child […]
Filing Bankruptcy On My Family Doctor Pt. 2
Now in the previous post we discussed how most doctors do not handle the day-to-day duties of office management, such as billing. However, if your doctor’s office is a smaller business they will more than likely notice the unpaid debt. A small mom and pop business depends on every cent of revenue to keep operations running, so […]