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Archive by category 'Bankruptcy' (Page 2)
Written by: leonora | Published on: February 28th, 2012
What if they filed a lawsuit against me, can I still file for bankruptcy and get rid of this debt? I hear this question a lot. The answer is yes, but I understand how having a lawsuit filed against you can be both stressful and confusing. Lawsuit filed against you Usually the original creditor (like American Express Centurion Bank) or a debt collector will file a lawsuit. You will know that a lawsuit was filed against you when you get a pretty hefty set of documents. The first page is likely to say “Summons” and the second page will be [...]
Written by: leonora | Published on: February 27th, 2012
For several years, fraudsters from India targeted people that used payday lender services and collected millions of dollars from victims. Payday lender services are usually used by people as a last resort way to borrow money when they have no other option. The reason it is and should be a last resort way to borrow money, is because interest rates on such “loans” are nothing less of outrageous. As such, people using payday loans are usually ones facing extreme financial hardships. These fraudsters, based out of India, somehow were able to access information about the borrowers and posed as debt [...]
Written by: leonora | Published on: February 27th, 2012
It’s that time of year when you are thinking about taxes. If you are like many, many people, I am sure a smile is not crossing your lips right now. You are not looking out into the distance picturing flowers and unicorns. Instead, you are probably thinking, @#$%%%@. I don’t have a perfect solution to your hate of taxes, but for those that think there is no out from their tax debt, bankruptcy is certainly an option. Here, I discussed the requirements to make taxes dischargeable in bankruptcy. If you notice, one of the requirements is that the return should [...]
Written by: leonora | Published on: January 23rd, 2012
After you filed bankruptcy, you want to restore your credit as soon as possible. The best way is to make sure that all the debts included in your bankruptcy are reflected as such on your Credit Report. I always tell my clients to review their Credit Report within 3-6 months after they receive their Discharge and to contact me if there are any errors. You can and should review your Credit Report after you receive your bankruptcy Discharge. If you see any errors, you can contact the Credit Reporting Agencies to remedy the problem. You are welcome to use this [...]
Written by: leonora | Published on: August 2nd, 2011
I always encourage my clients to review their credit report approximately 6 months after bankruptcy, to make sure their discharged debts are accurately reported. You can review your credit report for free at www.annualcreditreport.com every 12 months. You can also request a credit report from all 3 credit reporting agencies: Experian, Equifax, and TransUnion. In fact you should make sure: 1. That your bankruptcy is reported and that the correct dates and Chapter are reflected in the credit report. 2. That all debts discharged are reported as “included in bankruptcy.” 3. That all debts included I bankruptcy are reported a [...]
