News Topic: After bankruptcy

After Bankruptcy: Please Don’t Go Right Out and Don’t Co-Sign for a Car Got an email last week that made me sad.  Cherry filed Chapter 7 bankruptcy back in 2017.  She recently went to buy a car and ended up getting financed by Santander at 21%. After she ... Read full article

Supreme Court Says Being Listed as a Terrorist is ‘No harm.’ Last Friday, in a case called TransUnion v Ramirez, the Supreme Court said the Fair Credit Reporting Act cannot give you the right to sue TransUnion for putting your name on their OFAC terrorist ... Read full article

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car ... Read full article

IRS Means Never Having to Say….Anything The IRS is not like most creditors. (Your probably knew that.)  The IRS in bankruptcy is not like most creditors in bankruptcy, either. Knowing what debts have been cleared (discharged) by your bankruptcy is easy ... Read full article

…But the Car Still Has to Pay. When you file Chapter 7 bankruptcy, that means you don’t have to make the car payments. But that does not mean you get a free car. You don’t have to make the car payments, but the car still has to pay. That’s because the car ... Read full article

Good News:  Fannie Mae Announces New Shorter Waiting Period for After Bankruptcy Mortgage. Here’s the most important question for people who file bankruptcy because they can’t make their house payments:  How soon can I buy a house again? Since the housing ... Read full article

Right After Bankruptcy, Carla Signed on a Car Loan and She’s Probably Gonna Lose Her House I tell people please please please, do not get a car loan until at least two years after your Chapter 7 bankruptcy.   Two years after bankruptcy, I’m seeing people ... Read full article

In the last few months, OneMain has been contacting me about reaffirmation negotiation on car loans. That took me by surprise. With the exception of Ford Credit, I’ve been strongly opposed to reaffirming cars.  Usually you can keep the car without ... Read full article

This is a story about how Bank of America violated the  bankruptcy discharge , hacking off Gus and Nikoleta, and me.  (I’ve changed the names of Gus and Nikoleta–all the rest of this is true.)  And then hit Gus and Nikki for a “foreclosure fee” while they ... Read full article

Bankruptcy gets you out of debts you don’t want, but not stuff you don’t want. It doesn’t force the finance company to tow your car.  Or the timeshare people to foreclose the timeshare.  And it doesn’t make the bankruptcy court take anything. ... Read full article

After bankruptcy, you might get a call or a bill on a debt that was discharged in your case.  Trying to collect a discharged debt during or after the bankruptcy is a violation of the bankruptcy  stay –while your case is open–or bankruptcy discharge , once ... Read full article

Bank of America wouldn’t fix Ed and Ann’s credit reports after bankruptcy. Our disputes were ignored, so we sued.  The judgment was ignored, so we’re garnishing. Here’s the whole story. ... Read full article

More than half of all bankruptcy  is caused by health problems.  Many people file bankruptcy on medical bills, including hospital bills.  (For other people, the medical expenses all ended up on credit cards.) So it’s no surprise people ask me, “Will I get ... Read full article

Lots of people, in current or recent bankruptcy , are getting letters from Bank of America forgiving their second mortgages. What’s going on? ... Read full article

People often ask me, what happens after bankruptcy if I . . . Get a big raise… Start a business… Get a big tax refund in future years… Become a reality star… Win the lottery… How does that affect my bankruptcy? ... Read full article

We sue debt collectors and creditors a dozen times a month.  For doing illegal things to our clients–before bankruptcy or after the bankruptcy. We don’t make a lot of money doing that.  But I think big companies can act like small children–they do what ... Read full article

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