Should I Cash in My Retirement to Pay for My Debts?
Cashing in your retirement accounts to pay down debt is usually not a good idea. The tax consequences can be substantial and you probably have better ...
Tips for Defending Yourself from Abusive Creditors
The Fair Debt Collections Practices Act limits what a debt collector can and cannot do with regards to contacting and speaking to a debtor. This offer...
Surviving Bankruptcy: Ten Things You Should Know
Everybody runs into trouble at one time or another. If you are up against the wall financially, you’ll want to know some information about the bankr...
Student Loans in Bankruptcy
US News reported May 3, 2010 in "New Hope for Debtors Struggling With Student Loans" that the majority of Americans who use loans to pay for colle...
Determining Debt Released in Bankruptcy
When people declare bankruptcy, they generally do so because their debts have become too much for them to handle. However, it is very important to...
Bankruptcy: Not as Bad as You Think
Many people think bankruptcy is bad. However, bankruptcy has its place for those individuals who are buried in debt. Bankruptcy allows a person to...
I've Been Sued By My Credit Card Company. Now What?
Let’s say that after all that time of paying big fees and interest on your credit card you were finally forced to stop paying it. After all, food an...
The Truth About "Pay Day" Loans and Filing for Bankruptcy
Debtors may be Eligible for Relief from Payday Loans in Bankruptcy. For those who are struggling to pay their bills and who are falling behind on ...
Bankruptcy Discharge: Legal Debt Relief
People file bankruptcy to get a discharge on debts so they no longer need to pay creditors. A Chapter 7 discharge is a court order which states ...
The Statute of Limitations and Your Debt
If you have an old debt, your creditor cannot try to collect it forever. State laws limit the period of time it has to sue you to recover amount owed
Insurance and Bankruptcy Issues
People are looking more to make sure other people have insurance when they are doing business with them or involved in disputes. The financial d...
Bankruptcy: A "Patriotic" Solution?
Without spending, our economy would come to a screeching halt. When our income is diverted toward paying high interest, over-limit fees, and late ...
Failed Banks Lawsuits
The Federal Deposit Insurance Corporation (“FDIC”) is starting to bring lawsuits against officers and directors of bank failures. There have ...
Dischargeable Debts
When someone gets a formal discharge from the bankruptcy court, s/he no longer owes anything on all debts discharged. Some debts do not get discharged...
Student Loans in Bankruptcy: The Brunner Test
Getting student loans discharged in a Chapter 7 bankruptcy case is very difficult. For the most part, you must show that repayment would cause you "un...
Bankruptcy and Pay Day Loan Debt
Pay day loans seem to becoming more and more common in Utah. Indeed, Utah has high per capital population who use pay day loan services for short term...
1099C: Tax Consequences of Charged Off Debt
When you are facing credit card debt and collection activities from creditors, a charge off can seem like a blessing. A charge off occurs when the c...
Bankruptcy In Utah Rises 27%
Bankruptcy in Utah raised 27% higher than last year already in the first 9 months of 2010. This is astonishing to many people considering the fact t...
Car Repossessions and Auto Loan Charge Offs
If you default on your car loan, you can almost always expect the lender to repossess the vehicle. If, after the repossession, you still owe money pur...
Debt Validation in Collection Cases
Debt verification (sometimes referred to as debt validation) is a powerful tool available to debtors whose debts are sent to collection agencies.
Bankruptcy 101: Introduction and Advice
If you are considering bankruptcy, you should be aware of all of the options that you have. Bankruptcy does not clear all debt, but Chapter 13 may...
Role of a Bankruptcy Trustee in a Chapter 13 Case
Under difficult financial times, filing for bankruptcy has increased to epidemic proportions. Many have found that their consumer credit has outpace...
How Payday Loans Are Handled in Bankruptcy
What happens to payday loans in bankruptcy? Are they dischargeable like other debts? The answer is a qualified "yes"--in theory, a payday loan is n...
How Is an Unsecured Cash Loan Treated in Bankruptcy?
What happens to unsecured cash loans in bankruptcy? Hint: NEVER make an unsecured cash loan to anyone, if there is the slightest chance they'll dec...
Car Loans in Bankruptcy: How to Reduce Payments
If you have a car loan that's causing your trouble and you need to file bankruptcy anyway, you may be able to reduce your car loan in bankruptcy.
Credit Card Debt and Student Loans: Will Bankrutpcy Help?
Although both credit card debt and student loans are classified as unsecured debts, they are not treated the same by the Bankruptcy Code. While cr...
Avoiding Bankruptcy with Debt Settlement
As a California Bankruptcy Attorney I see a wide variety of cases come to our law firm seeking legal help and bankruptcy advice. Believe me; today w...
What if I Don’t Qualify for Chapter 7 Bankruptcy?
If you find yourself needing to file bankruptcy and you don’t qualify for a chapter 7 under the means test, you still have debt relief options. Th...
Secured vs. Unsecured Debt
If you are thinking about filing for Chapter 7 or Chapter 13 bankruptcy, it is important to examine all of your debts and figure out if they are secu...
