Payday loans, or paycheck advances, are high interest rate loans designed to help the borrower receive some quick cash to help any financial burdens until they receive their next paycheck. Since these payday loans have such a high interest rate, they become very devastating to borrowers. If borrowers start relying on these types of loans [...]
A common concern for individuals that are considering filing for bankruptcy is whether or not they are going to lose their vehicle once they file a bankruptcy. The answer to this question depends on several factors so it would be in your best interest, if this is a concern of yours, to consult a bankruptcy [...]
This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client, who originally started their bankruptcy as a Chapter 13, to convert that case to a Chapter [...]
If you file a Chapter 7 and you have a secured debt, such as a vehicle loan or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean? When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case [...]
It is my job to know whether a Chapter 7 or a Chapter 13 is the better option for my clients. The questions that I ask at the initial consultation help me make that determination. Most clients want to file a Chapter 7, but that is not always the best option for them. Each case [...]
If you have spoken to anyone before about bankruptcy, they probably told you that they received a "discharge" of their debts. I have noticed when I am meeting the clients for the first time and I let them know they are eligible for a discharge they do not normally know what that means. A discharge [...]
It is the time of year when people are scrambling to get their taxes filed or possibly waiting on a big tax refund. If a potential debtor is thinking about this, then a Chapter 7 or Chapter 13 Trustee will also likely be thinking about it since these refunds can be part of a debtor's [...]