Blog Posts in 2014

  • CREDIT REPORT QUESTIONS - PART ONE

    || 28-Sep-2014

    How Long Is A Debt On Your Credit Report? Clients often come into my office confused about the information on their consumer credit report and want to clean up negative information on their report. Delinquent accounts are often a barrier to clients obtaining new credit, which can be integral to helping you clean up your credit and obtain products and services you need. So, let's go over some ...
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  • HOW BANKRUPTCY CAN HELP YOU KEEP YOUR CAR

    || 18-Jun-2014

    Most of the time, people think about bankruptcy as a way to help them eliminate their debts and start fresh. But, did you know that bankruptcy can also help you keep your car or even lower the overall amount of money you have to pay for your car? In Chapter 7 bankruptcy, if your car is less worth than what owe on it, you have the option to redeem your car for its actual value. What does this mean? ...
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  • SETTLING DEBTS VS. FILING BANKRUPTCY What Option is Best for You?

    || 18-Jun-2014

    A lot of clients come into my office and ask about whether debt settlement or bankruptcy are best for them. In my opinion, if you are eligible for bankruptcy, bankruptcy is a much better option most of the time. Let me explain why. If you qualify for Chapter 7 bankruptcy and your assets can be protected, you generally do not have to pay back any of your debt. There are exceptions for tax debts ...
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  • SO YOUR BANK WON'T GIVE YOU A MODIFICATION?

    || 7-Jun-2014

    Sadly, too many homeowners come into my office after numerous failed attempts to work with their bank to modify their mortgage. There can be many different reasons why your bank wouldn't modify your mortgage. Modifications are complicated. Now, new rules require your servicer to explain why you may not have qualified for a modification but perhaps you didn't have the benefit of these ...
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  • Inherited IRAs- Are They Safe From Creditors?

    || 20-May-2014

    In the last few years, the issue of whether creditors can reach retirement funds inherited by individuals who are in bankruptcy proceedings or contemplating bankruptcy, has become a hot topic. In many courts around the country, this has been labeled a "question of first impression", meaning, it is the first time this question has come before such courts. It seems that many courts are now ...
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  • ARE YOU DROWNING IN STUDENT LOAN DEBT?

    || 18-May-2014

    Many clients who come into my office feel that there is simply nothing they can do about their student loan debt. They have been in endless forbearance or deferment agreements but these are not long term solutions to their debt. In fact, this may only increase their debt and make it more unmanageable. If they are delinquent, they have simply come to believe that there is no solution or that they ...
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  • WHY DID MY NEIGHBOR GET A BETTER LOAN MODIFICATION THAN ME?

    || 18-May-2014

    Why Loan Modifications are More Complicated Than You Think Unfortunately, obtaining a loan modification is far from a straightforward process. Putting aside the frustration of actually applying for a loan modification with banks that don't seem to care about you, the question of whether you can get a loan modification and what kind of modification you can get seems to be a mystery. It ...
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  • WHAT ARE YOUR QUESTIONS ABOUT BANKRUPTCY?

    || 3-Apr-2014

    I meet with clients every day and answer many questions during our complimentary consultations and would like to open the floor to answer your questions as well. Please comment on this post and let me know what you are wondering about when it comes to bankruptcy. What questions or concerns do you have? Feel free to comment and I will do my best to answer them! Questions or interested in a ...
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