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Bankruptcy and your Home

Bankruptcy and your Home It is not news to anyone that many Americans are struggling to afford their homes and avoid foreclosure. Oftentimes, people in this position seek out advice on saving their homes in the context of a bankruptcy filing. Unfortunately, the bankruptcy laws do not give attorneys very many viable options to help homeowners who are struggling with their house payments. In a ...

How Long does a Bankruptcy Filing Remain on My Credit Report?

How Long does a Bankruptcy Filing Remain on My Credit Report? Bankruptcy attorneys get this question all the time. It seems to be one of the main concerns for people who are hesitant about filing for bankruptcy. The Fair Credit Reporting Act only goes so far as to require a creditor to exclude a bankruptcy filing if the discharge or other order for relief, i.e. a dismissal instead of a discharge, ...

Can I really be put in jail for not paying my debts?

Can I really be put in jail for not paying my debts? There was a recent article in the Minneapolis Star Tribune regarding Minnesotans who were literally put in jail over unpaid debts. While this is a possibility, it is a very rare occurrence. Here a list of chronological events, all of which must take place under the law, before a debtor can be put in jail: 1 st – There must be an unpaid consumer ...

Top Ten Signs You Are in Financial Trouble

Below is a list that may help many of you determine if you are truly in need of a Bankruptcy Attorney. Your phone is constantly ringing all day long with calls from creditors. You are losing sleep at night over paying your bills. You have missed a mortgage payment in order to pay your credit card or medical bills. You took a loan out against your retirement account (an asset otherwise protected in ...