Monthly Archives: August 2021
Trauma Fees Hike Up Already Expensive Medical Bills
You’re responsible with your finances. You don’t make bad credit decisions and you pay your bills. And then it hits you—a medical emergency or illness. Now, you’ve got a lot of debt that you can’t pay. But according to a recent report, the news is even worse, because hospitals are apparently trying to make… Read More »
What Happens To Insurance Money When You File For Bankruptcy?
In many cases, accidents can cause people to file for bankruptcy or cause them to think about filing. But how will a bankruptcy affect your personal injury or property damage case? And what happens to any proceeds that you win, whether by settlement or by jury verdict, in your case? Timing Matters The threshold… Read More »
Facts About Taxes And Bankruptcy
Bankruptcy and taxes are often a mystery to people. On the one hand, bankruptcy discharges debts. On the other hand, the government needs taxes to run the country. When it comes to government and taxes, here are some things that many people don’t know: Some income tax can be discharged – Generally, income tax… Read More »
Will Bankruptcy Affect My Insurance Or Insurance Renewal Rates?
For many people who are thinking about filing for bankruptcy, the bulk of their questions aren’t about the bankruptcy itself—their questions mainly relate to life after bankruptcy. What will their credit be like? Will they be able to keep their phone, or buy a car, or keep their job? One question many people may… Read More »
Things You Don’t Want To Do Before Your Bankruptcy
When it comes to bankruptcy, it can seem like there are a lot of things that you shouldn’t do before you file for bankruptcy. We have written in the past about many of them, and the consequences of each. But it may be helpful to have a short checklist of the things that you… Read More »
Some Courts Are Treating Certain Student Loans As Dischargeable
Although the common thinking is that student loans are not dischargeable in bankruptcy, some courts are starting to see things differently—at least when it comes to private student loans. The change stems from the technical definition of what is and what is not a student loan. Federal and Private Loans There is no ability,… Read More »
Common Lies That Debt Collectors Tell You
Debt collectors may say anything to get you to pay a debt. They may lie, threaten, and say they have the ability to do things they don’t have the legal authority to do. Here are some of the most common lies that debt collectors will tell consumers, to get them to pay debts. They… Read More »
What Is The Statute Of Limitations On Your Debt?
In law, there is a time limit that you can sue someone. The time limits vary depending on the kind of case, but for debt and bankruptcy purposes, the statutes of limitations that are most relevant are those that have to do with debts. You may not have noticed but every time you take… Read More »
Bankruptcy And Reverse Mortgages
We often talk about mortgages and homes when it comes to bankruptcy. But what about a reverse mortgage? How does filing a bankruptcy affect a reverse mortgage? What is a Reverse Mortgage? A reverse mortgage allows people to use the equity in their homes to pay themselves a regular income. Normally, if you have… Read More »
What Is A Zero Percent Plan In Chapter 13 Bankruptcy?
As a general rule, most people prefer chapter 7 bankruptcy over Chapter 13, because in Chapter 7 there are no payments to creditors. Of course, in certain cases, like if you make too much money, or there is property that you would like to keep that isn’t exempt, Chapter 13 may be the best… Read More »
