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10/2/11

Can I File Bankruptcy Again?

You have filed a bankruptcy before and now you need help with your debts again.  You are wondering when you can file a bankruptcy again and if you can get a discharge of your debts in the new bankruptcy case.

To determine if you can get a discharge in a subsequent bankruptcy, you should follow the 2 – 4 – 6 – 8 rule.  You count from the filing date of the old petition to the filing date of the new petition.

                                     2 years between 13s –1328(f)(2)

                                     4 years between an old 7 and a new 13  –1328(f)(1)

                                     6 years between an old 13 and a new 7  –729, 727(a)(9)

                                     8 years between 7  –727(a)(8)

Thanks to my blogging colleague from Bankruptcy Law Network, attorney Andy Miofsky of Southern Ilinois, who coined the term 2 -4 -6 – 8 rule.

Photo credit: AttributionNo Derivative Works Some rights reserved by DougitDesign.com / Doug Aghassi

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Filed Under: Bankruptcy Laws, Discharge, Financial Help
6/3/11

What Causes an Emergency Bankruptcy?

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 at the beginning. Full Article…
Photo Credit: AttributionShare Alike Some rights reserved by ernstl
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Filed Under: Filing Bankruptcy, Financial Help Tagged With: , , , ,
5/14/11

10 Free Finance Tips on Money Health Central

Check out Money Health Central for free advice on family finances, money, debt, and credit.

  1. Penny Saved In The Kitchen Worth Two Pennies Earned
  2. Personal Finance – Consumer Protection | Money Health Central
  3. Why Your Credit Score Won’t Be Any Better In Two Years
  4. 10 Easy Ways to Save on Pet Care | Money Health Central
  5. Credit Junkie Broke The Credit Habit (And So Can You)
  6. Household Living Expense Sheet | Money Health Central
  7. 4 Easy Ways To Start Saving For Retirement Today
  8. Breaking the Credit Habit: 5 things anyone can do.
  9. Breaking The Credit Habit In Five Steps
  10. Forgiveness Of Debt Income, What Everyone Ought To Know
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Filed Under: Financial Help Tagged With: , , , ,
1/27/11

Free Tax Help Starts Monday

Free income tax assistance is available at Docking State Office Building and other sites in Topeka and Kansas starting Monday.

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Filed Under: Financial Help
9/2/10

Free Pre-Bankruptcy Credit Counseling

Consumerbankruptcycounseling.info provides free pre-bankruptcy credit counseling.  This service is internet based only.  It does not provide in-person or telephone service.  It is funded by charitable donations.

Do not use this service if you need to file bankruptcy right away.  This service does not guarantee delivery of the certificate.  It may take up to five days after you enter the date into the software.  You will be responsible to get the certificate to your attorney.

If you are not in a hurry and have internet service, this free service may be for you.

Credit counseling must be obtained within the past 180 days to file bankruptcy.

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Filed Under: Financial Help Tagged With: , , , , ,
1/9/10

Should I File Bankruptcy Now?

Should I File Bankruptcy?

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Filed Under: Filing Bankruptcy, Financial Help Tagged With: , , ,
1/7/10

Bankruptcy-It Could Happen to Anyone

Divided We Fail

Medical Bills Bankruptcy Americans

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Filed Under: Filing Bankruptcy, Financial Help Tagged With: ,
1/6/10

How Can I Afford to File Bankruptcy?

How can I afford to file bankruptcy?

If I can’t pay my bills, how can I afford to pay my bankruptcy attorney?

If I can’t pay my bills, how can I afford to pay my bankruptcy attorney? Part Two

Representing yourself

How much does bankruptcy cost?

Cost of filing bankruptcy

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Filed Under: Chapter 13, Filing Bankruptcy, Financial Help Tagged With: , , , ,
1/6/10

I Feel So Guilty Filing Bankruptcy

People seeking debt relief often feel guilty about filing for bankruptcy.  We are raised to pay our debts and conditioned to feel bad when we can’t.  In fact,  people will go to extreme measures, such as depleting the retirement account, to avoid bankruptcy.

When you can’t pay your bills because your credit card lenders have raised interest to 30%, it is time to stop feeling guilty.  Stop feeling bad about bills you can’t afford to pay.

It may not be your fault.  It may be that someone in your family has gotten sick or injured and you are facing huge medical expenses.  It may be that you have lost your job on main street because of greedy acts on Wall Street.  It may be that your marriage ended.  Most Americans are one injury, illness, job loss or divorce away from bankruptcy.

Bankruptcy is a legal way to resolve your debts.   It is for honest debtors who play by the rules.  Get the fresh start you deserve and get on with your life in peace.  Call today to see if bankruptcy is the right solution for your financial problems.

Bankruptcy-It Could Happen to Anyone

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Filed Under: Benefits of Bankruptcy, Filing Bankruptcy, Financial Help Tagged With: , , , , ,
1/4/10

Why Did They Stop Sending My Mortgage Statements After Bankruptcy?

Most home mortgage lenders who send monthly statements to their borrowers will stop sending statements once a bankruptcy is filed.   They will stop withdrawing automatic payments form your bank account.  They claim sending the statements and withdrawing your funds might be seen as a violation of the bankruptcy automatic stay on collection and they don’t want to run afoul of the bankruptcy law.

Some Courts such as the Kansas bankruptcy courts have local rules allowing mortgage statements to be sent to debtors who want to retain their properties and continue paying the mortgage payments.

If you have filed bankruptcy and wish to keep your real estate that has been pledged as collateral for a loan, you must pay your mortgage payments.  Not getting a statement does not get you off the hook – you don’t get a free house.  YOU MUST PAY YOUR MORTGAGE PAYMENTS TO KEEP YOUR PROPERTY OUT OF FORECLOSURE.Continue Reading

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Filed Under: After Bankruptcy, Filing Bankruptcy, Financial Help, Mortgages Tagged With: , , , , ,
1/4/10

Help for Student Borrowers When School Closes

Student loans are not generally discharged in bankruptcy, but what happens when the school closes and the student does not receive the education she borrowed the money for? As long as the school closed within 90 days of enrollment or the last day attended, there is a remedy for student loan borrowers (but it is not a bankruptcy remedy).

Check out this link to search for closed schools. The regulation is 34 C.F.R. § 682.402(d). More help for student borrowers is available at www.studentloanborrowerassistance.org.

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Filed Under: Discharge, Financial Help Tagged With: , , ,
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