Month: June 2010

Chapter 7 Bankruptcy

Chapter 7 is typically the Chapter we recommend if our clients are eligible.  It is very quick, it is very beneficial for the client, and we feel it is the fastest way to help our clients get back on track with their credit score.Chapter 7 is called a "liquidation...

Chapter 13 Bankruptcy

Why would someone file a Chapter 13 Bankruptcy?There are a number of reasons.  First, if you are behind on your mortgage payment, then a Chapter 13 can help you get current.  A "Chapter 13 Plan" is just like a 5 year note to get you caught up on your notes on the...

Can I discharge IRS debt?

Sometimes, but generally not. It has been our experience that problems arise unless you deal with the IRS from the outset.  If you file a Chapter 13 bankruptcy, then any non-dischargeable IRS debt can be paid back through the bankruptcy Plan at 0% interest.  That will...

Dangerous Debt Settlement Companies

I heard an advertisement on the radio the other day for a debt settlement company.  The voice stated something to the effect of: We know you don't want to file bankruptcy...and the company proposed the public to consider their debt settlement plan.What the...

Credit Rehab

One of the things that we will discuss at the free initial consultation is the rehabilitation of your credit after you file the bankruptcy.  Proper utilization of the Bankruptcy Code will typically enable you to rehabilitate your credit score very quickly.  A good...

Financial Crossroads

Whenever you are in trouble with credit card debt, a foreclosure, a repossession, the IRS, or even when relationship troubles start raring their ugly heads because of the financial quicksand you are being pulled towards...stop what you are doing and get professional...

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