How To Value Your Property For Your Schedules

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When you leave your attorney’s office and sit down to fill out your bankruptcy paperwork, one of the most difficult tasks is figuring out what amount to list as the value for your property. Most people do not want to put anything down that may not be completely accurate but some values are more [...]


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What If I Want To Pay A Particular Creditor After Bankruptcy?

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A debtor may repay as many dischargeable debts as desired after filing under Chapter 7. By repaying one creditor, a debtor does not become legally obligated to repay any other creditor. The only dischargeable debt that a debtor is legally obligated to repay after filing under Chapter 7 is one for which the debtor and [...]


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Will I have to go to court if I file bankruptcy?

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Yes, you will have to go to the courthouse at least once for the Meeting of Creditors hearing.  This meeting is usually held about a month after your bankruptcy petition is filed with the court.  This hearing gives your creditors and the bankruptcy trustee an opportunity to ask you questions under oath regarding your assets and [...]


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Beware of Loan Modification Scams

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Almost daily our attorneys meet with individuals who have been scammed out of large sums of money with the promise of getting their mortgages modified.  A good rule to be reminded of is . . . if it sounds too good to be true, it probably is.
If you receive a call from someone telling you [...]


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Do Debt Consolidation/Settlement Agencies Really Work?

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Today, maybe more so than ever, many Americans find themselves struggling with too much debt. With unemployment at a 26 year high, record foreclosures and a financial industry seemingly oblivious to these hardships, countless people everyday find that they can no longer make ends meet and continue to pay their debts. These people are not [...]


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What are exemptions and why are they important?

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In your bankruptcy case you have to list all your assets and all your liabilities.  Your assets are the things that you own, and each state allows you take certain specified exemptions on some or all of your assets.  These exemptions allow you to protect your belongings, up to that stated amount.  There are several [...]


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