E.D.N.Y. Approves Debtor’s Chapter 20 Lien Strip
ContentsLien Stripping in Chapter 13 BankruptcyE.D.N.Y: No Requirement That Debtor be Eligible for a Discharge in Order to Strip a Second Mortgage LienHow Does a Chapter 13 Case End Without a Discharge?Great Result for the Debtor Lien Stripping in Chapter 13 Bankruptcy For our readers playing along at home, the basic rule with mortgage modification…Read more
Wage Garnishment Must Stop After a Bankruptcy Case is Filed; You Might Even be Able to Get Money Back
ContentsBankruptcy Stops Wage GarnishmentCreditors who wage garnish after bankruptcy are in big troubleWas the Violation Willful?Timing Your Bankruptcy to Get Garnished Wages Back Bankruptcy Stops Wage Garnishment The minute a bankruptcy cases filed, an injunction called the automatic stay is issued, which prohibits creditors from trying to collect on debts that were included in the…Read more
Are the Bible’s Debt Forgiveness Principles Codified in the Bankruptcy Code?
What Does the Bible Have to Say About Bankruptcy? Is It Ethical? Is filing for bankruptcy ethical? What does the Bible say about the debt forgiveness industry? For the religious among us, the answer to the ethical questions surrounding bankruptcy and debt forgiveness are likely to be found through our faith. Indeed, the Bible addresses…Read more
Should Filing Bankruptcy Be The Last Resort?
ContentsIs Bankruptcy Always a Last Resort?Depleting Your Retirement To Pay DebtDebt SettlementNegotiating With CreditorsFresh Start Is Bankruptcy Always a Last Resort? Although we’ve mentioned it time and again on the forum, it bears repeating: filing for bankruptcy is not a decision to be entered into lightly. In fact, it is important to get good information…Read more
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Who Will Know I Filed Bankruptcy?
ContentsWorried Who Will Find Out About Your Bankruptcy?Creditors Will Receive Notice of Your BankruptcyWill Your Employer Find Out About Your Bankruptcy?Filing for Bankruptcy is a Tough Decision Worried Who Will Find Out About Your Bankruptcy? Do you worry about who will know that you decided to file bankruptcy? Even though bankruptcy doesn’t carry the same…Read more
Are You Judgment Proof?
We all know why people are considering filing for bankruptcy. We have seen an unprecedented “black swan” type event in the coronavirus. Unemployment numbers are way up and many Americans face an uncertain financial future. Under these circumstances, bankruptcy is a natural consideration. Those thinking of filing bankruptcy, or even families facing mounting credit card…Read more