DOMA (Defense of Marriage Act) does not cause a same-sex bankruptcy to be dismissed

What to Expect at a Bankruptcy Meeting of Creditors (aka 341 Meeting) A 341 meeting is something that debtors filings for Chapter 7 bankruptcy in any state will face. It is a meeting that occurs with you, your spouse if they are also filing, your attorney and an attorney appointed by the court to review [...]

Increase in Bankruptcy Filings There has a been a drastic increase in the number of consumers filing for bankruptcy in the first six months of 2010. This increase is seen in most of the 50 states but is most prevalent in the southwestern and southeastern portions of our nation. While these areas of the country [...]

Zombie Debt Collectors Zombie debt collectors are not the deceased bodies of collectors that attack you but are collectors who attempt to collect debts that are long gone. They purchase the rights to your debt from creditors for cheap and will call debtors and attempt to coerce a payment. They can call at any time [...]

Why Choose Chapter 13? When filing for bankruptcy you must know whether you are filing for a Chapter 7 bankruptcy or a Chapter 13. There are many differences between the two for they are configured for people in different situations. Chapter 7 bankruptcy is designed for people without a steady income and who do not [...]

It depends. If you are current on your mortgage and all of your other bills a short sale is probably the better option. It will drop your FICO (credit score) score 85- 160 points. You may be able to purchase a new home fairly soon after the sale – BUT it may be difficult to [...]

Can I keep my house or car in a bankruptcy? Yes – for most people.  Most people that file a chapter 7 or 13 bankruptcy are able to keep their house or car through the bankruptcy process.  Any competent bankruptcy attorney will be able to tell you if you will be able to retain those items in an initial consultation.  Equity [...]

New Directives will make the HAMP (Home Affordable Mortgage Program) more accessible to those that need it.

New York Times                EDITORIAL As Foreclosures Surge … Published: May 3, 2009 The Obama administration sat by last week as 12 Senate Democrats joined 39 Senate Republicans to block a vote on an amendment that would have allowed bankruptcy judges to modify troubled mortgages. Related Times Topics: Foreclosures [...]