Tuesday, August 31, 2010


All garnishments can be immediately stopped by filing a bankruptcy petition.

Monday, August 30, 2010

If sense financial trouble.....

Get professional advice, preferrably from an attorney who concentrates in debt relief. Many people, desperate and not knowing what to do, use their exempt assets to pay some debt but find themselves still needing to file a bankruptcy. They could have saved those exempt assets they liquidated.

Wednesday, August 25, 2010

home inventory

Due to the numerous foreclosures, homes owned by banks are at a new high. My concern is if there are enough people with sufficient income to make reasonable payments on these uninhabited homes.

Monday, August 23, 2010

student loans

As student loans are generally non-dischargable, extreme caution should be used in taking out large loans.

Saturday, August 21, 2010

too much debt

After the days of "easy" credit, many people just have too much debt to repay. Bankruptcy is probably the logical solution.

Thursday, August 19, 2010

mortgage restructures

People should be weary that any mortgage restructure does not create more debt against the land. Many temporary restructures do not pay the interest accruing on the mortgage.

Monday, August 16, 2010


If you wish to save your home from foreclosure, do not let a judgment of foreclosure be entered even if the bank tells you they will still work with you.

Saturday, August 14, 2010

Bank account automatic withdrawal

I suggest that everyone avoid automatic withdrawal's for debt repayment. Too many things can go wrong and over drawn bank accounts can cause multiple problems.

Friday, August 13, 2010

credit card debt forgiveness

Be aware that if a credit card company forgives a portion of your debt, there may be tax ramifications as debt forgiveness is generally considered income and you may have to pay taxes on the amount of debt forgiven.

Thursday, August 12, 2010

Fresh Start

Now more than ever Americans in debt trouble need a fresh start by filing a chapter 7 bankruptcy.

Foreclosures Up! Chapter 13 can save your home

As home foreclosures continue to rise, many people lose their homes. I wish more people knew a chapter 13 bankruptcy can save their home!