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WHAT HAPPENS TO MY CAR IF I FILE BANKRUPTCY?

There are several issues to consider in answering this question. The most important point is the value of your car. In most cases, you can protect your car using the allowable bankruptcy code exemptions. An exemption allows you to file […]
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Avoid foreclosure with a loan mod or short sale

There are many solutions available to homeowners falling behind on their payments. Most people think Bankruptcy is the only option, short of just letting the Bank take their home. Bankruptcy is a good option, and while it can strip off […]
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Are you in Chapter 13 repayment plan?

Our office get many questions on the consequences of being in a Chapter 13 repayment plan. Here are a few more: Q: Can I sell a car which secures a debt being paid by my Chapter 13 plan? A: The […]
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Can bankruptcy stop a foreclosure?

Recent press reports now indicate that banks are ready to begin a new push on delinquent mortgages through foreclosures and trust deed sales. Although the recession seems to have bottomed out, and house prices are no longer falling, many home […]
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Will I lose my home if I file for bankruptcy?

Americans are still filing bankruptcy in record numbers, and with good reason. The economic downturn, including the fall of housing prices and the increase in unemployment has wrecked havoc on our finances. The truth is, that in many cases, bankruptcy […]
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New Canadian citizenship rules now in effect

By the time subscribers read this article the laws pertaining to Canadian Citizenship will have changed. While the Canadian government has hinted long ago of changes to key components of Canadian Citizenship eligibility, the exact time of implementation was unknown. […]
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Is bankruptcy the right thing to do?

Ask yourself the following: Are you heavily in debt, with little prospect of relief in the near future? Have you had, or are your creditors threatening, a foreclosure on your home, a repossession of your car or other legal action […]
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When you can’t pay your business debts!

If your business is in distress – you owe a lot of money but you can’t pay, your creditors will probably threaten legal action against your business and very likely, you personally as well. How much they can collect, and […]
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Manny Pacquiao vs. Mel Saluma

This is not a story about boxing. This is not a sports article nor an analysis of who should have won the “fight of the century”. It is however, a story about good vs. evil – and I don’t mean Floyd Mayweather. […]
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Discharge the second mortgage and keep the house!

Discharging a Deed of Trust in bankruptcy! A second or third mortgage can be stripped off the title of your home, and discharged as unsecured debt in a chapter 13 bankruptcy. Imagine, your house is worth less than you owe, […]