Bankruptcy Basics

Your Bankruptcy Lawyer And You – The Interview

01/30/12

As a Consumer Bankruptcy Lawyer who regularly meets with individuals about their financial issues, I always treat the initial interview as if I am applying for a job.  Yes, that is correct.  The Client is actually hiring the bankruptcy lawyer, so why should I treat the initial interview as anything else.  After all, they are hopefully going to hire me.

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How Donald Trump Uses Bankruptcy to Become More Successful

01/16/12

How Donald Trump Uses Bankruptcy to Become More Successful It is not uncommon for a client to ask about Donald Trump and other famous large-scale bankruptcies.  How can a rich person like Donald Trump file for bankruptcy, and how does he seem to come out of it more successful than ever?  And is this something [...]

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If Your Debts Are Mostly Secured, Should You File for Bankruptcy?

01/16/12

Many people who have considered bankruptcy are aware of the fact that bankruptcy treats secured and unsecured debts very differently.  If most of your debt is secured, should you even consider bankruptcy? If not, what are your other options? Secured debts are debts that are attached to your assets.  A home mortgage is a good [...]

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Will I Lose My Tax Refund if I File Bankruptcy?

01/16/12

‘Tis the season when bankruptcy trustees are taking tax refunds. Potential tax refunds MUST be disclosed on your petition just like your couch and car.  Not disclosing your State and Federal tax refund is often a sure way to forfeit your tax refund.  The problem with tax refunds is usually there is no specific exemption [...]

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No Modification for You!

01/16/12

For the last few years, I have witnessed a steady stream of homeowners flowing through my office who are dumbfounded by their inability to get a mortgage modification.  And for years, I have been telling them all the same thing:

YOUR SERVICER DOESN’T WANT TO MODIFY YOUR LOAN!

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Using Bankruptcy to Restore Your Driver’s License

01/13/12

Losing Your Driver’s License Can be a Big Headache Losing your driver’s license can have a huge impact on your life.  Without a license, meeting basic needs is much more difficult.  Suddenly, you may still have to make car payments, but cannot use your car to get to work or the store.  This can be [...]

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Can Your Financial Choices Lead to Divorce and Bankruptcy in Arizona

01/13/12

Joint Accounts for Married Couples:  Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts.  However, that number is less than it used to be, and there are several other options available to married couples. Some couples choose to [...]

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