Nearly every client, whether they are filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, asks whether they will ever be able to get credit again. My answer is always yes, you will be able to get credit again.
Read More11 U.S.C. § 1328(b) allows Debtors to receive a Hardship Discharge to stop your repayment plan early and still received a Chapter 13 Bankruptcy Discharge. There are three requirements that must be bet to receive a Hardship Discharge.
Read MoreEvery case is unique and if you are contemplating filing bankruptcy you should meet with an experienced bankruptcy attorney to determine what is in your best interest.
Read MoreTo some people, $10,000.00 of debt might not seem like a lot. But if you are struggling to make ends meet, and don’t have any money left after paying for your essentials, then you’ll never be able pay off $10,000.00. What makes it even worse is that the creditors may be able to sue you and garnish your wages. If you were having problems before, even a small garnishment could result in you being unable to pay your rent/mortgage, or car payments. If you don’t have anywhere to stay or don’t have a car to get it to work things can get worse very quickly. In this situation, it would make a lot of sense to file bankruptcy and get rid of the debt.
Read MoreWhat is a charge off? It’s really just an accounting entry by a creditor. After a few months of nonpayment, a creditor will determine that they are unlikely to receive any further funds and will stop posting interest and penalties to the account. This does not absolve the consumer’s legal liability to pay the debt.
Read MoreThe 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.
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