The reason debt collectors file lawsuits is because they work. Nothing scares a person more than getting served with a lawsuit. There is this fear that if they don’t do anything they could get into serious trouble. Some people falsely believe that they could go to jail or face criminal charges because of the lawsuit. The Debt Collectors do everything they can to stoke the flames of fear. They make misrepresentations about what can happen, they...
The idea of bankruptcy is scary. There is a negative stigma associated with it and most people do everything in their power to avoid having to consider it. However, a lot of the fears associated with bankruptcy are unfounded and simply put, are not true. 1. My Credit Will Be Ruined Forever A lot of people believe that they will never recover from filing bankruptcy. They believe that their credit will forever be tarnished. However, the facts...
https://youtu.be/jWYv8wc_Smk The most important choice for you to make is picking the right lawyer. The difference between a good lawyer and a bad lawyer could be the difference between you completing a bankruptcy and getting a fresh start or your bankruptcy failing and you ending up in a worse situation. The good news is that it’s pretty easy to find a good lawyer. Almost every single bankruptcy lawyer provides a free consultation of some sort. This is...
There are two required financial courses in Bankruptcy. The first course is taken before you file bankruptcy and the second course is taken after you have filed the bankruptcy. The First Class - Pre-Filing Bankruptcy Credit Counseling This class is intended to help you prepare for bankruptcy. It goes over several budget/finance related questions to help you gain clarity on your personal finances. Some of the questions relate to how much you spent on your home, vehicle,...
A common question I always receive from debtors is "do I have to do anything different when I file my tax returns?" The short answer is no. This article will address the actions a debtor must take in order to properly file a tax return with the Internal Revenue Service and have no negative impacts on their bankruptcy. FILING TAX RETURNS WHILE IN BANKRUPTCY There is no special address your return is sent to or a different website you...
Bankruptcy is a powerful tool that can really help a person get back on their feet. One of the main policies for bankruptcy relief is to give individuals and businesses a fresh start. It would not be much of a fresh start if you were not able to remove your debts. Most all of your debts can be removed through the bankruptcy process. Everything from credit cards, medical bills, loans, payday loans, lawsuits and even...