Blog Posts in Bankruptcy

All Posts
  • Lien Stripping
    Lien Stripping

    If you have a second mortgage on your primary residence that is wholly unsecured, you are permitted, in a Chapter 13 Bankruptcy case, to remove or “strip” the lien. A second mortgage is “wholly ...

    Read More
  • Creditors' Right to Challenge Your Bankruptcy Case
    Creditors' Right to Challenge Your Bankruptcy Case

    Creditors can challenge the dischargeability of credit card purchases under certain circumstances. Under 11 U.S.C. 523(a)(2)(c),consumer debts owed to a single creditor and aggregating more than $500 ...

    Read More
  • Improve Your Credit Score
    Improve Your Credit Score

    Here are Some Tips for Improving Your Credit Score Look at your credit report to see how the creditors are reporting your credit activity. You are entitled to one free credit report per year from each ...

    Read More
  • Can I Keep My Tax Refund if I File for Chapter 7 Bankruptcy?
    Can I Keep My Tax Refund if I File for Chapter 7 Bankruptcy?

    The Bankruptcy law requires the debtor to list in his or her Bankruptcy petition a complete list of all property and property interest(s) owned by the debtor. As such, the debtor is required to not ...

    Read More
  • Beware of the Bank's
    Beware of the Bank's "Right to Setoff."

    Under some circumstances, your bank can take money from your checking or savings account to satisfy a debt. This so-called "Right to Setoff" allows the bank to remove funds from your account and apply ...

    Read More
  • U.S. Trustee's Office Designates New Median Income Figures
    U.S. Trustee's Office Designates New Median Income Figures

    The U.S. Trustee's Office has recently updated the figures that will be used to determine whether a debtor qualifies to file for Chapter 7 Bankruptcy under the "Median Income" test. A debtor will pass ...

    Read More