| September 01, 2010 |
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What Can I Do To Stop Creditors From Contacting Me?
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| Posted By Joseph Tosti |
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| A sure way to stop creditors from contacting you is to file for bankruptcy protection. Under the Bankruptcy Code, once you file with the Court, an order called the “automatic stay” goes into effect immediately and without you or your attorney doing ... |
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| Continue reading "What Can I Do To Stop Creditors From Contacting Me?" » |
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| August 30, 2010 |
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Signs That You Picked The Wrong Kind Of Mortgage
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| Posted By Joseph Tosti |
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| Are you having problems paying a monthly mortgage payment? Are you living in fear of default? Here are some of the warning signs that your mortgage is a time bomb waiting to go off. The first is the size of your mortgage payment. If your payment is ... |
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| Continue reading "Signs That You Picked The Wrong Kind Of Mortgage" » |
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| August 25, 2010 |
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O.C. housing risk 9th highest in U.S.
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| Posted By Joseph Tosti |
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| For the second quarter in a row, Orange County’s risk of a price decline within a two-year period ranked ninth in the nation — just behind eight other metro areas that were tied for first, according to economists at mortgage insurer PMI Group. The ... |
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| Continue reading "O.C. housing risk 9th highest in U.S." » |
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| August 24, 2010 |
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Discharging Taxes in Bankruptcy
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| Posted By Joseph Tosti |
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| Many People are under the impression that you can’t wipe out IRS debt in bankruptcy. The good news is YES, you can wipe out not only IRS debt, but state tax debt, as well. BUT the tax debt must meet certain criteria. Mostly, for this article, we are ... |
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| Continue reading "Discharging Taxes in Bankruptcy" » |
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| August 24, 2010 |
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Don’t Wait Until You’re Completely Broke to Contact a Bankruptcy Lawyer
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| Posted By Joseph Tosti |
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| People sometimes spend down the last of their cash and then decide they need bankruptcy. This seems like common sense: you go broke and then you go bankrupt. But this is not how it works. There’s a saying that goes, “bankruptcy is not for paupers.” ... |
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| Continue reading "Don’t Wait Until You’re Completely Broke to Contact a Bankruptcy Lawyer" » |
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| August 17, 2010 |
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Are “Debt Management” Programs a Scam?
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| Posted By Joseph Tosti |
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| You’ve seen the ads for “Debt Management Programs”–”Settle $10,000 in credit card debt for as little as $2,000!” But do they really work? Do they make sense? Or are they scams? Yes, they work. But only rarely do they make sense. And as for whether ... |
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| Continue reading "Are “Debt Management” Programs a Scam?" » |
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| August 17, 2010 |
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Bankruptcy, Mortgage Modification, Debt Relief, Debt Settlment, Debt Management and/or Debt Consolidation
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| Posted By Joseph Tosti |
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| If you are considering bankruptcy , mortgage modification, debt relief, debt settlement , debt management (credit counseling) or debt consolidation, you should look at all of them to be sure you are making the right decision for you and that you ... |
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| Continue reading "Bankruptcy, Mortgage Modification, Debt Relief, Debt Settlment, Debt Management and/or Debt Consolidation" » |
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| August 10, 2010 |
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Can the bankruptcy trustee take my tax refund?
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| Posted By Joseph Tosti |
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| A bankruptcy trustee might be able to take your income tax refund whether you have filed a chapter 7 or chapter 13 bankruptcy case. Some courts say that this procedure is imprope r – but it happens every day in many places. How can this be? Well, ... |
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| Continue reading "Can the bankruptcy trustee take my tax refund?" » |
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| August 06, 2010 |
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Automatic Stay: What Is It? And Why You Don’t Want To Lose It!
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| Posted By Joseph Tosti |
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| When a bankruptcy is filed the debtor gets an automatic stay . The stay is a very important. It prevents your creditors from continuing any attempts to collect on the debts that are owed. While in place, the creditors can’t: Call you in an attempt ... |
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| Continue reading "Automatic Stay: What Is It? And Why You Don’t Want To Lose It!" » |
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| August 02, 2010 |
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The Bankruptcy Automatic Stay Protects You
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| Posted By Joseph Tosti |
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| When a bankruptcy is filed the debtor gets an automatic stay . The stay is a very important. It prevents your creditors from continuing any attempts to collect on the debts that are owed. While in place, the creditors can’t: Call you in an attempt ... |
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| Continue reading "The Bankruptcy Automatic Stay Protects You" » |
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| July 27, 2010 |
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What Are the Minimum (or Maximum) Debt Amounts to File for Bankruptcy?
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| Posted By Joseph Tosti |
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| One question we’re often asked is what the minimum debt amount is to allow someone to file for bankruptcy . The answer is very simple: there is *no* minimum debt amount to be eligible to file. This is true for Chapter 7 , Chapter 11 , Chapter 12 and ... |
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| Continue reading "What Are the Minimum (or Maximum) Debt Amounts to File for Bankruptcy?" » |
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| July 26, 2010 |
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Filing For Chapter 7 Bankruptcy! Do I Need To Have A Job?
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| Posted By Joseph Tosti |
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| It is not necessary to have a job to file a Chapter 7 bankruptcy. In fact, the filing of Chapter 7 is probably one of the few instances in your life where it helps to not be employed. When a Chapter 7 is filed, the debtor must show that they do not ... |
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| Continue reading "Filing For Chapter 7 Bankruptcy! Do I Need To Have A Job?" » |
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| July 22, 2010 |
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National Expert Predicts Rising Bankruptcy in 2011 and 2012
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| Posted By Joseph Tosti |
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| With the signing of the Financial Services Regulation Overhaul legislation, the Obama Administration will be turning its attention to its feeble job creation performance. Dr. Robert D. Manning, the nation's leading scholar on consumer debt trends and ... |
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| Continue reading "National Expert Predicts Rising Bankruptcy in 2011 and 2012" » |
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| July 20, 2010 |
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Does Bankruptcy Clear IRS Debt?
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| Posted By Joseph Tosti |
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| Bankruptcy can clear some types of tax debt. It will not clear a federal tax lien that has attached to your assets . However, when no tax lien has been filed, income tax debt can be discharged and cleared from your record if some very specific ... |
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| Continue reading "Does Bankruptcy Clear IRS Debt?" » |
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| July 15, 2010 |
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Why Are Some Creditors So Stupid? “The Grand Illusion”, by Charleston DeMott, Charleston Bankruptcy Attorney
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| Posted By Joseph Tosti |
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| by Russell DeMott, Charleston Bankruptcy Attorney I’ve been thinking of some of the bizarre things I’ve seen creditors do lately. You’ll find a lot written about abusive creditors, mean creditors, heartless creditors, and law-breaking creditors here ... |
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| Continue reading "Why Are Some Creditors So Stupid? “The Grand Illusion”, by Charleston DeMott, Charleston Bankruptcy Attorney" » |
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