In this age of information it can be tough to discern which tasks we are capable of handling ourselves and which tasks we should leave to the professionals. As bankruptcy lawyers we have clients who contact us on a regular basis and ask if they should hire a credit repair company to rebuild their credit. … Read more
You sure can! It may be a bit more difficult to find a place that will rent to you than it otherwise would be, but be patient. Depending on the rental agency, you may be required to pay a higher security deposit or even be required to have a co-signer. It really depends on the rental agency.
I’ve filed for bankruptcy and now I want to go back to school. I need a loan to be able to do this. Can I still get a student loan? Filing for bankruptcy should not affect your ability to get students loans that are federally funded. As long as any other student loans that you … Read more
A recent article on CNN Money’s website features the seven best credit cards for individuals with bad credit. While bankruptcy can stay on your credit for 7-10 years from the date that you file, it is important that you begin rebuilding your credit much earlier – in fact, it is best to start doing so … Read more
Every year at tax time we get calls from our clients who say, “I just got a 1099C from a creditor for a loan that was discharged in my bankruptcy! What do I do now? Do I have to report it as taxable income to the IRS?” When a creditor charges off a debt as … Read more
Short Answer: Generally, your spouse or soon to be spouse will not be impacted by your filing bankruptcy. This is a topic that often comes up during a consultation with prospective clients. Let me start by saying there?s no such thing as a joint credit report or a joint credit score. Everyone has his or … Read more
Often, when a person files bankruptcy, they are in one of four situations regarding a vehicle: They are behind on their payments and must surrender the car (this usually happens in a Chapter 7 bankruptcy). They drive an older vehicle that is paid off. They are borrowing a friend or family member’s vehicle. They are … Read more
Yes, credit cards are the evil culprit for many folks who have had to file bankruptcy, but credit cards are not entirely terrible. Having a credit card helps in many ways to help build your credit, you just need to get the right one that is tailored for you and your needs. For someone who … Read more
http://www.youtube.com/watch?v=zCUagYJnLOw Yes. There is no law that prohibits a debtor from opening a bank account after filing bankruptcy. However, if you owed money to a bank (i.e. for a credit card, loan, overdraft fees, etc.) and they were included in your bankruptcy, chances are you might have a difficult time opening an account with … Read more
http://www.youtube.com/watch?v=dQ6Uwjk2cAs Many people assume that because they have had poor credit and needed to file bankruptcy to get their fresh financial start that their ruined credit will prevent them from financing and purchasing a home. That is not necessarily the case but certain factors will affect the ease and timing of a new home … Read more
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