by CEF | Mar 23, 2017 | Chapter 13, Chapter 7, General
Let’s face it — sometimes people do not make the best decisions and end up gambling at the casinos or elsewhere a little more than they should. Sometimes, those gambling debts add up and then you are facing bankruptcy. For debts that are unrelated to...
by CEF | Mar 23, 2017 | Chapter 13, General, Reverse Mortgages
You inherited a house with a reverse mortgage on it? What happens if you can’t pay it? When a person dies, the reverse mortgage on a house, including all unpaid amounts for insurance and taxes, becomes DUE IN FULL. Now you have inherited this house subject to...
by CEF | Feb 24, 2017 | Chapter 13, Chapter 7, General
If you have a joint bank account you should know that if a creditor obtains a judgment against one account holder, they could (and usually do) try and file a “bank levy” to have a Sheriff seize the money in the joint account. If your name is on a joint account with...
by CEF | Feb 21, 2017 | Chapter 13, General
Once you file a Chapter 13 case your lawyer will tell you about Chapter 13 plan payments and about the importance of making each payment on time in the way that the trustee requires for your district. But, if you are also supposed to continue making mortgage payments...
by CEF | Feb 8, 2017 | Chapter 13, Chapter 7, General
If you are thinking of filing for bankruptcy and you are holding onto uncashed checks because you think that you don’t have to declare it as income until it is cashed — think again. After you file for bankruptcy there will be a meeting with the...
by CEF | Jan 11, 2017 | Chapter 13, Chapter 7, General
Doubling your bankruptcy exemptions — is it double the trouble or double the good? What does it all mean? Doubling bankruptcy exemptions means that you and your spouse can each take the full allowed amount of the exemption on the same piece of property, so long...
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