Bankruptcy Articles & Blog: Bankruptcy

Home -> Law Blog Directory -> Bankruptcy Blogs

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bankruptcy

Bankruptcy Articles & Blog

Bankruptcy and debtor issues
By Goldstein & Clegg, LLC

Post Frequency: 0.5/day

Last Entry: May 19, 2013 at 17:27:01

Bankruptcy can Solve Health and Medical Bills

Posted on May 19, 2013
Many people have suffered the loss of a job due to an illness. When that happens, your debt can build up very quickly. In addition, many times when you loose a job, you also can loose your health insurance, and then face staggering medical bill due to your illness...

Where do American Consumers spend their money?

Posted on April 05, 2013

Preventing Debt over the Holiday Season

Posted on December 19, 2012
During the holiday season, Americans take on more debt than during any other time of the year. Buying presents for family, friends, co-workers, and others is just a part of the holiday tradition, but without proper planning, holiday spending can quickly lead to a serious debt load that may be difficult [...

Trustee?s can keep more fees in dismissed cases

Posted on December 13, 2012
If you filed a Chapter 13 bankruptcy in Massachusetts and have either filed a motion to voluntarily dismiss your case or your case has simply been dismissed due to a motion by another party prior to confirmation, then you may not get all your money back, even though creditors have not been paid anything...

To access this complete feed in the blog feed reader login or register for free.

Trustee?s watch your facebook profile

Posted on November 24, 2012
It seems that some people who file for personal bankruptcy simply don?t get it.� The idea is not to charge up a whole lot of debt on your credit cards with the intent to walk away from your financial obligations a few weeks or months later.� Rather, bankruptcy offers a fresh start [...

What does your Trustee want at a 341 Meeting

Posted on November 19, 2012
Once you have filed for personal bankruptcy, you will be expected to appear at a hearing called a Meeting of creditors or a 341 meeting. This is the meeting where an attorney appointed by the United States Trustee?s Office called a Trustee will ask you questions about why you filed for bankruptcy, and review [...

New Median Income Requirement For Massachusetts Bankruptcy Filers

Posted on November 04, 2012
As of November 1, 2012, the United States Census Borough has released new median income statistics for each state separated by number of family members.�� This is important to note because if you are considering a debt relief strategy of filing for bankruptcy, in order to qualify for the highly [...

The Many Benefits the CARD Act Providers Credit Card Users

Posted on November 01, 2012
After the recent economic downtown, credit card debt came to light as a major financial problem facing a large number of Americans. While some of this debt was accrued through no actions on the part of credit card companies, many debts were increased or made less manageable for consumers due to [...

How Debt is Divided in a Divorce

Posted on October 26, 2012
One of the more frequent causes of marital discord, and eventual divorce, is money problems. When debts become unmanageable, stress rises, and sometimes it contributes to spouses deciding to part ways.While much of the discussion about divorce focuses on property division, debt division is also an issue of contention...

Steps to repair your credit after bankruptcy

Posted on October 21, 2012
After one files for bankruptcy, and receives a discharge of debt, you will find yourself in a unique position to quickly improve your credit score. In fact, the are Federal mortgage programs that allow a Debtor to get a new home mortgage as soon as 2 years after they file for bankruptcy...

Are you protected from your Creditors?

Posted on October 01, 2012
Many people are fearful that if they can?t pay their bills, they will get sued.� While this fear is well justified, the next step after obtaining a judgment is collection.� If you do not have a job or any assets worth much, then all a creditor might be able to get [...

Reducing car payments in bankruptcy

Posted on September 21, 2012
Most people have heard the saying a car looses 10% of its value as soon as you drive it off the lot.� While this may be true, you still have an obligation to pay for the automobile loan in full regardless of whether your car is worth more or less then what [...

Guest Post: How Students Can Get Free Financial Aid to Study Law

Posted on September 20, 2012
Do your dreams of attending law school turn into nightmares when you think of the money required to get that coveted degree? Would you prefer to graduate without being in so much debt that it will take years to get back into the black figures? If so, then you should check out [...

Life Insurance Funds Exempt from Bankruptcy

Posted on September 11, 2012
Bankruptcy laws provide Americans with the ability to retain necessary assets to start fresh and regain financial freedom. These laws also extend to protect the beneficiaries of bankrupted parties. To protect against financial burden in the case of sudden death, these laws extend exemption to finances secured in life insurance policies...

Guest Blog Post: How divorce and bankruptcy are related

Posted on August 06, 2012
Money can play a big role in derailing any marriage and can lead the marriage toward divorce. However, if your spouse files for bankruptcy then things can take a nasty change. If you file for divorce and your spouse files for bankruptcy then divorce proceeding may take longer if there are any assets to distribute [...

What you can learn from a free legal consultation

Posted on August 01, 2012
If you are considering bankruptcy as a strategy of debt relief due to overwhelming credit card debt, missed mortgage payments or auto loans or simply because you are being harassed by creditors, your first step should be to speak to an experienced bankruptcy attorney...

Court Adds Additional Requirement to Foreclose in Massachusetts

Posted on July 06, 2012
The Highest Court in Massachusetts has made foreclosure just a little bit more complex and difficult for lenders. More specifically, in June of this year, the Massachusetts Supreme Judicial Court in the case of Eaton v. Federal National Mortgage Association, held that a bank who seeks to foreclose against an owner of real estate [...

Eliminating overpayment of social security

Posted on June 08, 2012
If a person or their family members can not work due to a disability and they are found disabled by Social Security Administration then they are entitled to receive a payment from the government even though they can not work. In some situations, that person?s medical prognosis changes and they are later able to [...

Debtor?s can now strip second mortgages in Chapter 7 bankruptcy

Posted on May 18, 2012
For many years, it has been well settled law that a Debtor who owns real estate with more then one mortgage, can file a Motion with the bankruptcy court to eliminate or strip the second mortgage or equity line from their property.� The problem in doing this though is that it was just as well [...

What do you do when you get served by a debt collector?

Posted on May 11, 2012
So you have amassed a significant amount of debt to a credit card company, or some other lender.� Maybe the debt is due to loosing a job; maybe it is because you are recently separated or divorced; maybe it is because you have become sick with a physically limiting disease...

Benefits of Bankruptcy

Posted on April 10, 2012
In these tough times, it`s not surprising that many people are turning to bankruptcy when things get bad and their debt becomes out of control. Bankruptcy should always be of the options considered in a solid debt relief strategy, as there are some definite benefits from finally taking the plunge and filing...

Terrible Debt Relief Advice from Suzie Orman

Posted on March 27, 2012
Wow, Suzie Orman really told an 81 year-old woman, who earns only a fixed $600 a month from social security, to make sure she protects her FICO score and continue to pay the minimum balances on her credit cards. In the Oprah Magazine this month, Ms...

Bankruptcy - A Historical Perspective

Posted on March 22, 2012
Attorney Michael Goldstein first published this article on the history of bankruptcy on the Phillips Law Offices Consumer debt blog March 21, 2012: When people hear the word bankruptcy, they often say to themselves, ?what is it?? Many people believe that the concept of debt relief is a new or modern topic, and often [...

Removing an execution from your property

Posted on February 21, 2012
Bookmark It Hide Sites $$('div.d109').each( function(e) { e.visualEffect('slide_up',{duration:0.5}) });

Making the Most out of Post-Bankruptcy Counseling

Posted on February 16, 2012
So you’ve gone through the long and arduous process of filing for bankruptcy, and now it’s almost over. Now all you’ve got left to do in order to discharge your debts is taking a post-bankruptcy counseling course. Even though such courses are mandatory, and they may seem like a pain, don’t approach post-bankruptcy [...

What happens at a 341 Meeting

Posted on February 15, 2012
Attorney Michael Goldstein of our law office discusses what a Meeting of Creditors is in a Chapter 7 or 13 Bankruptcy Proceeding. Bookmark It Hide Sites $$('div.d107').each( function(e) { e.visualEffect('slide_up',{duration:0...

Who owns my home loan?

Posted on February 06, 2012
�� Each month you take out your checkbook and write that enormous check to some bank for your mortgage payment.� This is the payment that you promised to make each month in exchange for the privilege of borrowing money to buy your home.� Let?s say for example you pay Bank of America, Citi [...

Couponing is like having a second income

Posted on January 04, 2012
Many consumers are facing serious debt problems, where their day to day expenses simply can not be met, without cutting corners.� Interest rates on credit cards from basic purchases, such as kids clothing, and weekly trips to the supermarket as well as an inability to meet basic heating, electric and phone bills are [...

Top reasons to file bankruptcy

Posted on December 22, 2011
There are a multitude of reasons why a consumer may choose to file for either Chapter 7 or Chapter 13 bankruptcy protection.� Most of these are good reasons and by discussing your situation with a debt relief attorney licensed in your state, the bankruptcy will generally help relieve the financial stress [...

What happens at your Meeting of Creditors?

Posted on November 29, 2011
Once you file a chapter 7 or 13 consumer bankruptcy case, the court will schedule your Section 341, Meeting of Creditors. In most cases, this will be the only time you actually have to attend a court procedure. The good news is that this does not take place in a court room, but rather is [...

Related Law Bulletins

New Baptist Covenant Blog
Last week, I pointed to the New Baptist Convenant website, now onl...

The Mexico Trucker Blog
I've written before about the perceived problems with relaxed rest...

Developments in Portland and Spokane Catholic Church Bankruptcy Cases
On April 17, U.S. Bankruptcy Judge Elizabeth Perris formally appro...