Warning: virulent outbreak of do-it-yourself bankruptcies all around. Symptoms: panic over prospect of foreclosure Supposed remedy: file your own skeleton Chapter 13 bankruptcy Prognosis: enjoy the stay for about 2 weeks, followed by foreclosure relapse Homeowners facing foreclosure Three different would-be clients called in a 10 day period this month, facing foreclosure.
And all three. What do you do when creditors from your spouse's past threaten? Chances are your first reaction is to put the title to your biggest assets in just your name. Whew! Safe. Not. Just because the deed to the house now reads Jane. Do nothing and twenty-five percent of your after-tax earnings will be sent to your judgment creditor. So, do something: keep reading this action guide for Californians subject.
The horror stories about do-it-yourself estate planning are both plentiful and tragic. Between the fear of probate and the fear of legal fees, inventive people invent inexpensive strategies for passing property to the next generation.
And all three. What do you do when creditors from your spouse's past threaten? Chances are your first reaction is to put the title to your biggest assets in just your name. Whew! Safe. Not. Just because the deed to the house now reads Jane. Do nothing and twenty-five percent of your after-tax earnings will be sent to your judgment creditor. So, do something: keep reading this action guide for Californians subject.
The horror stories about do-it-yourself estate planning are both plentiful and tragic. Between the fear of probate and the fear of legal fees, inventive people invent inexpensive strategies for passing property to the next generation.
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Plan before filing bankruptcy and you get better, more certain relief.
Even if you're not quite sure that you're ready to take the bankruptcy plunge, scout the bankruptcy territory.
Take some time to learn the rules and explore ways to maximize the relief available in bankruptcy.
If you don't plan ahead and just rush into.
So goes the gambler's advice to the young card player in the hit Kenny Rogers song.
Hum along as we think about how we play our cards when we're in debt: the hardest call is.
Even if you're not quite sure that you're ready to take the bankruptcy plunge, scout the bankruptcy territory.
Take some time to learn the rules and explore ways to maximize the relief available in bankruptcy.
If you don't plan ahead and just rush into.
So goes the gambler's advice to the young card player in the hit Kenny Rogers song.
Hum along as we think about how we play our cards when we're in debt: the hardest call is.
Is your Chapter 13 plan paying back mortgage payments that were delinquent when you filed bankruptcy?
If so, a mortgage interest tax deduction lurks, unclaimed, in the trustee's records.
Track down that tax deduction, add it to your tax return, and you reduce your federal income tax burden.
But it's difficult because, for reasons I.
Saving your house from foreclosure ranks high on the list of reasons people file Chapter 13.
The automatic stay stops foreclosures; Chapter 13 gives you time to fix the problem.
If so, a mortgage interest tax deduction lurks, unclaimed, in the trustee's records.
Track down that tax deduction, add it to your tax return, and you reduce your federal income tax burden.
But it's difficult because, for reasons I.
Saving your house from foreclosure ranks high on the list of reasons people file Chapter 13.
The automatic stay stops foreclosures; Chapter 13 gives you time to fix the problem.
Twenty years ago this month, Soapbox's parent website, Bankruptcy In Brief, went live with four.
Two trends in the housing crisis are intersecting in my practice: we're seeing more loan.
Peter Mullison proposes in a recent article, that there are five types of people one should.
The automatic stay is the signature feature of American bankruptcy, but the stay has important.
Counseling, delivered by an approved provider, before the bankruptcy case is filed, is required.
No matter how precarious their financial situation, almost every client I meet thinks bankruptcy will.
Two trends in the housing crisis are intersecting in my practice: we're seeing more loan.
Peter Mullison proposes in a recent article, that there are five types of people one should.
The automatic stay is the signature feature of American bankruptcy, but the stay has important.
Counseling, delivered by an approved provider, before the bankruptcy case is filed, is required.
No matter how precarious their financial situation, almost every client I meet thinks bankruptcy will.
Every client filing bankruptcy asks that question: how long will bankruptcy take?
Probably, the real question is "when will this be over?"
Like so many questions in the law, the answer is "it depends."
From filing bankruptcy to discharge In a Chapter 7, filing to discharge is about four months; in Chapter 13 it's three.
You can't decide between bankruptcy chapters until you really understand how Chapter 13 works to keep you in control.
Control of your assets, control of your payment plan, control of who gets paid.
Probably, the real question is "when will this be over?"
Like so many questions in the law, the answer is "it depends."
From filing bankruptcy to discharge In a Chapter 7, filing to discharge is about four months; in Chapter 13 it's three.
You can't decide between bankruptcy chapters until you really understand how Chapter 13 works to keep you in control.
Control of your assets, control of your payment plan, control of who gets paid.
Warning: virulent outbreak of do-it-yourself bankruptcies all around.
Symptoms: panic over prospect of foreclosure Supposed remedy: file your own skeleton Chapter 13 bankruptcy Prognosis: enjoy the stay for about 2 weeks, followed by foreclosure relapse Homeowners facing foreclosure Three different would-be clients called in a 10 day period this month, facing foreclosure.
And all three.
Saving your house from foreclosure ranks high on the list of reasons people file Chapter 13.
The automatic stay stops foreclosures; Chapter 13 gives you time to fix the problem.
Symptoms: panic over prospect of foreclosure Supposed remedy: file your own skeleton Chapter 13 bankruptcy Prognosis: enjoy the stay for about 2 weeks, followed by foreclosure relapse Homeowners facing foreclosure Three different would-be clients called in a 10 day period this month, facing foreclosure.
And all three.
Saving your house from foreclosure ranks high on the list of reasons people file Chapter 13.
The automatic stay stops foreclosures; Chapter 13 gives you time to fix the problem.
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