Getting credit again and qualifying for a home mortgage after bankruptcy take time, but not as long as you might think. How does filing bankruptcy affect you getting credit, your credit score, your ability to get a home mortgage? CNNmoney.com recently published an article that explains very well how filing bankruptcy and suffering a mortgage foreclosure may affect your credit score [click…Read more
Bankruptcy and Save the Dream Ohio: For Homeowners Facing Foreclosure
If you are an Ohio homeowner considering filing bankruptcy, you may want to consider a new program, Save the Dream Ohio, available if you are also facing foreclosure of your home. Whether you are considering Chapter 7 or Chapter 13, you will need to know what each chapter can do, the differences between the two chapters, and, The…Read more
Bankruptcy and HAMP Program – Qualifying for Mortgage Loan Modification
The US Treasury Department recently changed its policy for HAMP (Home Affordable Modification Program) with respect to borrowers in bankruptcy. Previously a borrower that was in an active bankruptcy case (Chapter 7 or Chapter 13) was eligible for HAMP “at the servicer’s discretion.” At the urging of the National Association of Consumer Bankruptcy Attorneys and others,…Read more
If You Are Considering Bankruptcy, Get A Free Credit Report
If you are considering filing bankruptcy, you should get a credit report, one that is free of charge. The government offers the only truly free credit report. The government offers you one free credit report each year, with no strings attached. Perhaps you have seen offers of free credit reports from ads on TV, or on the…Read more
Will The Chapter 13 Bankruptcy Trustee Approve My Budget?
If you file a Chapter 13 bankruptcy in Dayton, the Chapter 13 Trustee will review your budgeted living expenses and determine whether they are reasonable or not, depending on your household size and your particular circumstances. (Click here for tips on budgets.) Your Monthly Budget Is Determined By The Size of Your Household The Trustee has guidelines that…Read more
How Does Filing Bankruptcy Affect Child Support and Spousal Support?
If you or your former spouse files bankruptcy, the Bankruptcy Code provides answers to how child support and spousal support are affected. I. The Automatic Stay Imposed By Filing Bankruptcy Does Not Apply The automatic stay, the injunction that stops other court proceedings when a bankruptcy is filed, does not stop or prevent child support…Read more
Credit Counseling Requirements of Bankruptcy
What Are the Credit Counseling Requirements? The amendments to the Bankruptcy Code that became law in 2005 require everyone with primarily consumer debt to obtain two counseling certificates from approved credit counseling agencies. The first certificate is known as a “certificate of counseling.” You must obtain this certificate of counseling before your bankruptcy petition can…Read more
How Bankruptcy Cases Are Filed
In this video, the Administrative Office of the United States Courts describes how bankruptcy cases are filed, and some of the requirements after filing.
Limitations of Bankruptcy and Ways to Keep Property
In this video, the Administrative Office of the United States Courts explains the limitations of bankruptcy, including a discussion of the types of debts that may not be discharged, and procedures that may be used in bankruptcy to keep property.
Differences Between Chapters 7, 11 and 13
In this video, the Administrative Office of the United States Courts explains the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcy.
I want to share with you my experience in bankruptcy and other areas of the law, my training, and my education. My experience can be of great benefit to you in helping you deal with your financial difficulties.