The FDCPA (Fair Debt Collection Practices Act) provides consumers with protection from abusive debt collectors.
Read MoreIf you are considering filing bankruptcy without your spouse it is important to meet with an experienced bankruptcy attorney. Contact Andrew Magdy today at (314) 802-8328 for a free consultation.
Read MoreThe calculation of your household size is an important factor in determining whether you qualify for Chapter 7 Bankruptcy or what you must repay to unsecured creditors in a Chapter 13 Bankruptcy. It is important that you meet with an experienced bankruptcy attorney to determine what your applicable household size is.
Read MoreOne such asset is a cause of action for personal injury or medical malpractice. Every year several prescription drugs are found to be harmful and law suits are undertaken to help make injured victims whole. If you have taken one of these prescription drugs it’s important to let your bankruptcy attorney know. If you have a legitimate cause of action it may be best to postpone your bankruptcy so any recovery is not taken by the Trustee.
Read MoreOne of the major advantages to filing a Chapter 13 Bankruptcy is that you may be able to “strip” your second mortgage. This means that in your Chapter 13 Bankruptcy you may be able to convert your second mortgage to unsecured debt and when you complete your Chapter 13 Bankruptcy and receive your discharge your second mortgage will be complete eliminated! This could save you tens of thousands of dollars!
Read MoreIn short, if you’ve been garnished more than $600.00 in the 90 days prior to filing a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy, you disclose the garnishment to your Trustee and have exemptions available to protect the garnished wages, we can get those funds back for you.
Read MoreWhen you file a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy all of your assets become property of the bankruptcy estate. You may then protect your property by claiming the correct exemptions. Doing so will keep your property from being taken in a Chapter 7 Bankruptcy and will make your payment lower in a Chapter 13 Bankruptcy.
Read MoreBankruptcy can serve as an excellent retirement planning tool. By eliminating your unsecured debt, you are freeing up money that can be used to contribute to retirement savings. If you are uncertain about your retirement and struggling with overwhelming debt, contact us today for a free consultation. Bankruptcy just may be your key to a successful and happy retirement.
Read MoreAllied Bankruptcy has updated their website! Please take a second to head on over to www.alliedbankruptcy.com and give it a once over, then if you would like, leave us some feedback at the bottom of this blog, or on Facebook. Send any bankruptcy related questions to andrew@magdylaw.com, or call us at (314) 802-8328.
Read More