Author Archives: Editor

Get Your Federal Tax Return Done for Free

You need your tax returns to file for bankruptcy.  But when you are having bill problems, how do you find the money to get them prepared?  Here is how to get your federal income tax return done free, according to a press release from the Internal Revenue Service. Do Your Federal Taxes for Free with…

Bankruptcy Filing Fees Going Up

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Starting November 1, 2011, the fee to file a bankruptcy case increases by $7. The new filing fees are chapter 7            $306 chapter 13          $281 chapter 11        $1046   Photo credit: Some rights reserved by garryknight

Bankruptcy Mortgage Project Website Launched by NCLC

The National Consumer Law Center (NCLC) has created an online Bankruptcy Mortgage Project Website for courts, trustees, attorneys, mortgage servicers, academics, and consumers in the bankruptcy community. It organizes and provides access to more than 500 local rules, forms, general orders, and court opinions addressing a variety of mortgage issues in consumer bankruptcy cases across…

Dodgers Good Company in Bankruptcy

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Last week, I wrote about being in good company with many famous people when you file bankruptcy.  Well, in comes the news today that the Los Angeles Dodgers filed for bankruptcy protection. That’s darn good company if you ask me. There is no need to feel guilty. The Dodgers bankruptcy filing comes in the wake…

Famous Shed Debt, Move On Successfully – You Can, Too

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You have plenty of good company if you are feeling alone or depressed because of debt problems.  Here is a list of some of the famous people who have filed for bankruptcy or had financial problems.  Note that many of these people had great success and fame AFTER they shed their debts. Donald Trump, financier;…

How to Get Your Credit Reports

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You are entitled to a free credit file disclosure (credit report) once every 12 months from each of the three nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.  We recommend you monitor your credit by pulling one of the three reports every four months. You may request your free credit reports online at www.annualcreditreport.com….

How Medical Bills Hurt Your Credit Rating

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How Could Your Medical Bills Be A Credit Problem? Do you have insurance that pays your credit card bills? Me neither. Do you have insurance that covers your medical bills? Yeah, me too. So, should these bills look the same on our credit reports? Read Kurt O’Keefe’s post on Money Health Central

Reaffirmation Requires More than Checking a Box

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Reaffirmation Requires More than Checking a Box By Jonathan Ginsberg of Bankruptcy Law Network Much has been written on this blog about reaffirmation. BLN author Jed Berliner makes a compelling argument that reaffirmation in Chapter 7 is a bad idea – why should you assume personal liability for a debt and forgo up to 8…

What Causes an Emergency Bankruptcy?

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What Causes an Emergency Bankruptcy? by Nick Ortiz of Bankruptcy Law Network. I wanted to write something about what makes those who procrastinate file bankruptcy. First of all, procrastination and bankruptcy often go hand in hand. The unknown is scary and making a move during a period of insecurity is hard. Bankruptcy often feels optional…

What Can I Do If I Can’t Afford My Chapter 13?

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What Can I Do If I Can’t Afford My Chapter 13 Payments? by Peter Orville of Bankruptcy Law Network You always have options if there are significant changes in your life during your Chapter 13. If you’ve been laid off, become sick, split up with your spouse or just can’t keep up with the rising…

13 Reasons Chapter 13 Bankruptcy Ends Your Bill Problems

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Chapter 13 bankruptcy is a powerful tool that may be able to help you end your bill problems. Here are 13 reasons Chapter 13 bankruptcy makes sense written by my Bankruptcy Law Network colleague, Doug Jacobs. Flexibility: you can dismiss the case at any time or even convert it to a Chapter 7. You can…

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