Recent Posts in Creditors Category
44 results found. Viewing page 1 of 2.
Go to page
Posted on Aug 1, 2011 By Regina King
Millions of consumers in America are contemplating bankruptcy to discharge their overwhelming debts. But once you file bankruptcy your credit score might drop temporarily. Therefore, people who are ...
Continue reading "How can you reestablish your credit score after declaring bankruptcy?" »
Posted on Jan 6, 2011 By Joseph Tosti
Yesterday’s Wall Street Journal published an opinion piece by George Mason University law professor Todd Zywicki entitled Dodd-Frank and the Return of the Loan Shark . If you do not subscribe to the ...
Continue reading "The 2009 Credit CARD Act – Does it Do More Harm than Good?" »
Posted on Jan 6, 2011 By Joseph Tosti
For the first time, a federal appeals court has ruled that the bankruptcy code does not forbid a private employer from refusing to hire a person based solely on the fact that he or she filed for ...
Continue reading "Bankruptcy Discrimination in Hiring Approved by Federal Appeals Court" »
Posted on Jan 5, 2011 By Joseph Tosti
As we start a new year, it is a good time to set some new financial goals. In particular, the goal of reducing debt or eliminating your dependence on debt should be everyone’s goal. So, how do we get ...
Continue reading "A New Year–A New Financial Goal" »
Posted on Jan 5, 2011 By Joseph Tosti
Even a rich and ancient institution like the Roman Catholic Church needs bankruptcy. On January 4, 2011 the Archdiocese of Milwaukee filed for protection in bankruptcy under chapter 11 . Other ...
Continue reading "Milwaukee Catholic Church Files for Bankruptcy under Chapter 11" »
Posted on Jan 4, 2011 By Joseph Tosti
No one wants to file bankruptcy. No one does it for fun. It's like going to the dentist (or proctologist, or urologist-take your pick). You do it only because you need to, and it will improve your ...
Continue reading "Should Bankruptcy Be One of Your New Year’s Resolutions?" »
Posted on Jan 3, 2011 By Joseph Tosti
The bankruptcy code give you l imited protection against employment discrimination after bankruptcy . You can’t get fired from your existing job in the private sector. You can’t be discriminated ...
Continue reading "Law prohibits employment discrimination after bankruptcy" »
Posted on Jan 3, 2011 By Joseph Tosti
Every person that files a bankruptcy is required to attend a Meeting of Creditors . The meeting, also called a Section 341(a) meeting is held by a Trustee . The Trustee is an individual, usually an ...
Continue reading "Bankruptcy: The Meeting of Creditors. What Did The Trustee Say?" »
Posted on Dec 30, 2010 By Joseph Tosti
As a consumer bankruptcy attorney I get to see trends coming before they become mainstream. Living in Southwest Florida , I get to deal with people from all walks of life. The generation that I find ...
Continue reading "Credit Card Horrors For Senior Citizens" »
Posted on Dec 27, 2010 By Joseph Tosti
Gov. David Paterson has signed a bill that gives more protection to New Yorkers who file bankruptcy or who have been sued by bill collectors. The new law increases the exemptions that people can use ...
Continue reading "Outgoing Governor Paterson Gives New York Debtors Something to Cheer About!" »
Posted on Dec 26, 2010 By Joseph Tosti
In earlier posts, two bankruptcies filed by debtors appearing in Bravo Television reality shows were discussed. Terese Giudice who appears on Real Housewives of New Jersey and Sonja Morgan who appears ...
Continue reading "Bankruptcy Basics: Bankruptcy Fraud can lead to Truth or Consequences" »
Posted on Dec 22, 2010 By Joseph Tosti
Unusual situations often show up in bankruptcy court eventually. And sometimes they contain both humor and depression in equal measure. Recently the 8th Circuit Bankruptcy Appellate Panel was called ...
Continue reading "A Horse Trailer is Not a Home" »
Posted on Dec 14, 2010 By Joseph Tosti
What happens if a creditor contacts someone after bankruptcy ? Under the bankruptcy laws, creditors can't take any action to collect a debt once a case has been filed. If a bankruptcy case is still ...
Continue reading "After You File Bankruptcy, What Happens If A Creditor Contacts You?" »
Posted on Dec 13, 2010 By Joseph Tosti
Being in bankruptcy means remembering priorities. A big priority is keeping a roof over your head. As I have in the past , I will suggest that this is even more important than Christmas. If you have ...
Continue reading "Christmas and Mortgage Payments: Don’t Confuse Priorities!" »
Posted on Dec 2, 2010 By Joseph Tosti
What happens to a co-debtor when a debtor files for bankruptcy depends upon the type of case that is filed. Many clients come to my office relieved to find out that a bankruptcy stays proceedings ...
Continue reading "How Does Bankruptcy Impact A Co-Debtor?" »
Posted on Nov 17, 2010 By Joseph Tosti
If you're paying minimum payments on credit card debt and have nothing saved for retirement, you are my favorite candidate for bankruptcy. The most compelling reason to file bankruptcy is so you can ...
Continue reading "Best Reason To File Bankruptcy" »
Posted on Nov 9, 2010 By Joseph Tosti
Proprietary mortgage modifications, not HAMP mortgage modifications, lead the way according to HOPE NOW Loan Mod statistics. 120,000 modifications have been done by the mortgage companies themselves, ...
Continue reading "Mortgage Modifications Fail To Slow Foreclosure Rate" »
Posted on Nov 8, 2010 By Joseph Tosti
Below poverty level income for five of the past six years was no basis for discharging a chapter 7 debtor's student loans, where she was voluntarily underemployed, had no dependents, and lived with ...
Continue reading "Student Loans Not Discharged Due to Boyfriend’s Income and Voluntary Underemployment" »
Posted on Nov 8, 2010 By Joseph Tosti
A minimum payment in a Chapter 13 Bankruptcy will vary from district to district depending on the local rules. However, the minimum payment must cover what you must pay within the applicable ...
Continue reading "Chapter 13 Minimum Payment." »
Posted on Nov 2, 2010 By Joseph Tosti
The new median family income numbers used for determining whether a debtor can file a Chapter 7 bankruptcy went into effect today, November 1, 2010. The numbers are provided by the U.S. Census Bureau. ...
Continue reading "New Median Family Income Numbers For Bankruptcy Effective November 1, 2010" »
Posted on Nov 1, 2010 By Joseph Tosti
As a consumer bankruptcy attorney who has spent the better part of the last 15 years counseling individuals contemplating bankruptcy, I can tell you that one of the things I see on a daily basis is ...
Continue reading "Bankruptcy Is Not Failure – It’s Financial Planning" »
Posted on Oct 20, 2010 By Joseph Tosti
Modification of home loans in bankruptcy was promised by candidate Obama before his election as President. Current bankruptcy law prohibits modification of a loan secured against the debtor's ...
Continue reading "Why Hasn’t Obama Supported Judicial Modification?" »
Posted on Oct 20, 2010 By Joseph Tosti
Crystal Cathedral Ministries in California (best known for its " Hour of Power ") announced yesterday that it is seeking the protection of Chapter 11 bankruptcy to protect it from its creditors. The ...
Continue reading "Crystal Cathedral Ministries announces plans to file for bankruptcy protection" »
Posted on Oct 12, 2010 By Joseph Tosti
If you are behind in the mortgage payment on your home , there are several things you can do. One way to stop a foreclosure is to file bankruptcy. Once filed, there is an automatic stay that goes into ...
Continue reading "Mortgage and Bankruptcy: Save Your Home!" »
Posted on Oct 4, 2010 By Joseph Tosti
Bankruptcy lawyers and their clients are plagued by the Brunner test when trying to discharge student loans. While the Bankruptcy Code says that student loans may be discharged if the debtor shows ...
Continue reading "Bankruptcy Appellate Panel Gets Student Loan Test Right" »
44 results found. Viewing page 1 of 2.
Go to page