Category Archives: Education

In general, a secured loan can not be cancelled, or discharged, in bankruptcy without also agreeing to surrender the property. So in general, the only way to cancel a residential mortgage is to actually give up the house. However, there

Most of our clients are aware that they can not discharge secured loans in a Chapter 7 bankruptcy, unless they surrender the property. But what most do not know is that with certain secured loans they may be able to

Some of our clients are surprised to find out that their bankruptcy proceedings can affect their inheritances, even if the inheritance comes after the discharge of the bankruptcy. That’s right, in some case, even if you receive an inheritance after

We have many clients contact us because they need to stop a foreclosure of their home, and they have been told that they need to file bankruptcy to do so. Although bankruptcy does postpone a foreclosure, it is not necessarily

Clients are sometimes concerned about what will happen if they don’t list a particular creditor on their bankruptcy petition. Well, there are two basic situations here: (1) one is where the client remembers, or discovers, the creditor before the discharge

We often have clients ask if they are required to list ALL of their assets in their bankruptcy petition. And when we tell that they absolutely must list everything of any value, they then ask how the court will even

Clients often ask about the “average debt” in the United States, in an effort to compare their situation with others and determine whether they need help with their debt. According to a report by Federal Reserve, issued in July 2011,

Generally, we all aspire to collect a bit money in the bank, and have very little debt. But life happens, and things don’t always turn out the way we planned. You may be thinking: “I’m in Debt, now what?” The

With today’s economic uncertainty, many people want to learn how to create and get started on an effective debt reduction plan. The most important step in establishing a debt reduction plan is the planning and preparation that occurs before you

People often ask for tips on managing debt. We could write volumes on how to properly manage debt, but there is really one principal behind all of it – spend less than you make. It may sound simple, but in