TweetFiling bankruptcy is not as simple as it once was.  You have to meet certain qualifications to determine which bankruptcy you may file.  This is normally done by what is referred to as the Means Test.  The Means Test will determine how your household income compares to the State median income and whether or not [...]

Tweet Yes, you will still be responsible for the loan or debt on your vehicle even if you voluntarily turn it in. If you have a vehicle that you cannot make payments on, you have the choice of voluntarily surrendering the car or you can let the creditor repossess it. What many people do not [...]

TweetIt all depends. If you are filing a bankruptcy in which you wish to keep the home, you are required to continue to pay your homeowner’s association (HOA) dues. If you are surrendering or giving up the home in the bankruptcy, you are responsible for the HOA dues as long as the home is still [...]

TweetThe Fair Debt Collection Practices Act is an act that was passed to keep consumers from being abused by creditors.  Already feeling abused and harassed by the constant calls or the condescending tones or the threatening letters?  There is something you may be able to do about it. Whenever my mother was frustrated by someone [...]

TweetSo what if you need to file bankruptcy but you have a loan or credit card that has been co-signed with someone else? The most common circumstance this occurs is when a husband and wife decide only one of them actually needs to file bankruptcy but they are both on several of the loans together. [...]

TweetThe answer is yes. Property tax evaluations on vehicles are done the year prior to issuing the bill.  Meaning, you’re paying the taxes from the previous year when you had the vehicle.  Just because you are now surrendering the vehicle when filing for bankruptcy, it does not mean you were not the owner of the [...]

Tweet  When the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) became effective October 17, 2005, debts ordered in a separation agreement, divorce decree or other order of the Court became non-dischargeable.  This can be reviewed in detail at 11 U.S.C § 523(a)(5) and 523(a)(15).  Domestic support obligations, inclusive of alimony, child support [...]

TweetWhen you start to fill out the paperwork for your bankruptcy, it can seem a bit overwhelming.  It seems you have to provide every single bit of information regarding your life and finances.  In a sense, you do.  The Bankruptcy Code states that you MUST disclose ALL of your assets to the court, including but [...]

TweetYou may be considering filing bankruptcy because one of your creditors has obtained a judgment against you. Most people are uncertain of the consequences that a judgment can have. Usually, if you do not own any real property (house or land) or if you do not have any equity in your property, it can be [...]

TweetThere are numerous reasons a bankruptcy case may be dismissed. A dismissal of a bankruptcy case is when the federal judge issues an order terminating a case.  Usually the debts are not eliminated if the case is dismissed.  In contrast, a “discharge” means the debts have been eliminated.  Listed below are the most common reasons [...]