As a bankruptcy attorney, I find that women are particularly hesitant about filing bankruptcy. In my experience, many women feel a sense of guilty or shame regarding the possibility of getting rid of their debt through bankruptcy. Although the bankruptcy laws were made to give people a fresh start financially and should be a freeing […]
When homeowners are facing a mortgage payment that they are unable to pay, they often wonder whether they should file for bankruptcy or try to get a mortgage modification from their lender. A mortgage modification is an agreement to reduce the monthly mortgage payment, often by extending the life of the loan. This situation is […]
After filing bankruptcy, many people believe that their credit is shot and they will not be able to get credit cards. In reality, your credit was probably bad before filing, which prompted you to file in the first place. After filing, many people actually see an immediate improvement in their credit despite the fact that […]
The goal in any bankruptcy, particularly in a Chapter 7, is to receive a discharge letter from the bankruptcy court. This discharge letter goes to the debtor and also to the creditors. This discharge letter is the court’s way of indicating to you that your bankruptcy process is now over and it also indicates to […]
Guest post by Andrew Flusche, Virginia reckless driving lawyer In my Virginia reckless driving defense practice, you’d be surprised how many Pennyslvania drivers I’ve represented. Even if you’re not from Virginia, you need to know of the law in Virginia regarding reckless driving. What is reckless driving in Virginia? What most people do not realize […]
Question: Would I have to wait the entire 10 years before I can apply for a mortgage? Answer: NO You wouldn’t have to wait 10 years to apply for a mortgage! A bankruptcy is reportable on your credit report for 10 years. This does NOT mean that your credit is destroyed for 10 years. According […]
Can Bankruptcy Help Me Avoid a Foreclosure if I Have No Income?.
Question: I’m considering filing for bankruptcy. Is Chapter 13 better than Chapter 7? Answer: A Chapter 13 is only better than a Chapter 7 if you are behind on a secured debt such as a mortgage or a car note and need a plan to pay them back. If this is not your situation, a […]
This question was asked to Brewington Legal on our Facebook Fan Page: www.facebook.com/brewingtonlegal. Here is the answer that was given to the poster. In order to pay the arrears of a secured debt, like a mortgage, you would have to file a Chapter 13. The problem with a Ch 13 for you is going to […]
When considering bankruptcy, most clients want to know whether they qualify for a Chapter 7 bankruptcy. Chapter 7 Bankruptcy allows a consumer to eliminate all eligible unsecured debt. This means that they will no longer be obligated to pay their credit card bills, medical bills, personal loans, payday loans, past utility bills and other unsecured […]