Can A Debtor Buy a Home While In Chapter 13 Bankruptcy?

Can A Debtor Buy a Home While In Chapter 13 Bankruptcy? Yes, a debtor is allowed to buy a home even when in an active Chapter 13 (reorganization) bankruptcy.  Here is how that can happen.   [Can A Debtor Buy

Is One Spouse Liable for the Medical Bills of the Other?

One Spouse’s Liability for Debts of the Other Here is a common scenario.  Spouse #1 goes to the doctor to have some body part fixed.  Let’s say the bill to the Spouse  for those services  is $1,000.  Twelve months later, Spouse #1 and

What is a “Medical Bankruptcy”?

What is a Medical Bankruptcy? Actually, that is a trick question.  There is no such thing under the law as a “medical bankruptcy.” There is no option under the Bankruptcy Code to file bankruptcy solely on medical debt.   Any

The Impact of Chapter 7 on Your Home And Mortgage

The Impact of Chapter 7 on Your Home And Mortgage Your Current Home: The Note and Deed of Trust In purchasing a home/real estate, there are at least two parts to the transaction: (a) the Promissory Note that indicates you

How Do You Value Assets In Bankruptcy?

 How Do You Value Assets In Bankruptcy? Exempt vs. Non-Exempt Assets The Bankruptcy Code requires that a debtor list/disclose all of their assets in the petition.   People get to protect/keep certain assets from the claims of creditors.  These protected assets

Mortgages, Reaffirmation Agreements & Credit Reports

A Mortgage Not Reaffirmed & Not On Your Credit Report You may be reading this because your mortgage company has told you that they cannot (or will not) report your mortgage payment history on your credit report because you did

How Can a Consumer Get A Free Credit Report?

Free Annual Credit Report – Federal Requirement Each consumer is entitled by federal law to one free credit report per year from each of the three main credit reporting agencies.   The easiest way to get your free report is to

Bank Account Garnishment: How Do I Protect What I Can?

BANK ACCOUNT GARNISHMENTS – CERTAIN FUNDS ARE PROTECTED Many people facing financial hardship have their bank accounts (and wages) garnished.  The purpose of this article is let you know that not all funds you have in your bank account can

Section 341 First Meeting of Creditors (“341 Meeting”): What to Expect

 What is a “Section 341 First Meeting of Creditors”? A “Section 341 First Meeting of Creditors” (341 Meeting) is a scheduled meeting between a debtor, a trustee and any creditors that would like to attend. The purpose of the meeting is

Do We Take Payments On Attorney Fees? (Yes)

  We Have Payment Plans A very common question we receive is whether we take payments AFTER FILING for attorney fees.  YES. We understand that the reason you are contacting us is that you are experiencing financial problems.   You may