Tag Archives: Plantation Bankruptcy Lawyers
Four Famous Bankruptcies
One reason we hear why people delay filing for bankruptcy is embarrassment. They don’t know anyone who has filed for bankruptcy and are afraid to admit that they are having financial difficulties. However, more people have filed for bankruptcy protection than you might imagine. And some very famous people sought bankruptcy protection for debts… Read More »
Can a Conservator or Guardian File for Bankruptcy?
When someone lacks the capacity to make financial decisions for themselves, they might be appointed a guardian or a conservator. These people can manage the ward’s financial affairs, including paying bills, making investment decisions, and buying or selling property. But can the guardian or conservator file for bankruptcy? In many situations, bankruptcy might be… Read More »
Facts about Bankruptcy Trustees
At the Nowack & Olson blog, we write a lot about the bankruptcy trustee, who is the person overseeing your bankruptcy. But who are trustees? And where do they come from? Read on for information about the people who will administer your bankruptcy estate. Most trustees are lawyers. This should not be surprising. The… Read More »
Tips for Rebuilding Credit after Bankruptcy
One reason many consumers fear filing for bankruptcy is that they know their credit score will take a big hit. Of course, these consumers are exactly right. Depending on your score before you file, you might see a 200 point drop after bankruptcy. Nevertheless, consumers can begin rebuilding credit quickly after their discharge if… Read More »
Should You Use a Balance Transfer to Consolidate Debt?
A balance transfer is one of the debt management techniques that experts recommend to people who are financially distressed. Although it is an attractive option for some, other people will be better served filing for bankruptcy and wiping out the debt. What is a Balance Transfer? A balance transfer is a particular type of… Read More »
Red Flags that You Have Hired the Wrong Bankruptcy Attorney
Hiring the right attorney to represent you is probably the single most important task any debtor must make when considering bankruptcy. If you are like most people, you probably don’t know any lawyers, in particular bankruptcy lawyers. You might have picked a name out of the phone book or scribbled down the phone number… Read More »
Questions about the Automatic Stay
One of the most powerful benefits of filing for bankruptcy is the protection afforded by the automatic stay. As some of our readers know, the stay immediately halts any collection efforts, such as a car repossession or a home foreclosure. Any creditor who violates the stay could get in trouble with the court. The… Read More »
Mandatory Bankruptcy Counseling and Education: What is It?
Before debtors can successfully receive a discharge, they must pass mandatory credit counseling. The bankruptcy code requires two courses: credit counseling before you file and a debtor education course before receiving your discharge. Read on for more information about what to expect during these sessions. Credit Counseling Debtors must meet with a nonprofit credit… Read More »
Bankruptcy Fraud
Bankruptcy is a quick way to wipe out certain debts and obtain immediate financial relief. However, a Chapter 7 bankruptcy comes with a catch: in exchange for eliminating debts, the trustee might sell some of your property and give the proceeds to your creditors. Some people attempt to avoid losing property by engaging in… Read More »
Want to Avoid Debt? Build an Emergency Fund
Many consumers have no intention of ever falling into debt. They don’t use credit cards irresponsibly, and they don’t live luxurious lifestyles beyond their means. Nevertheless, millions of people will fall into debt whenever an emergency strikes. To avoid this situation, you need to build up an emergency fund. Unexpected Expenses The purpose of… Read More »