Post-bankruptcy debtors who still have debts to pay after their discharge need to ask themselves a consider a few things so that they can both prepare for retirement

Post-bankruptcy debtors must realize that dealing with the credit card industry is much like a game of musical chairs. Just when you think you got it all covered, the music stops or suddenly changes.

In the recent Chapter 7 bankruptcy case of a relatively affluent couple, one of which is an attorney, the bankruptcy judge denied the discharge of the couple’s debts. What did the couple do to deserve a bankruptcy discharge denial?

The CARD Act was suppose to put a lid on the virulent marketing of credit cards to young people but according to some experts, the situation has not improved much. Young people are still in debt with credit cards and credit card companies are coming up with creative ways to bilk the youth of their last penny.

Under most state laws a business is not allowed to assert an action or claim against someone in another state if it the action/claim arises for a transaction for which they are not properly registered with the state. This often arises in the case where lenders are not licensed to grant home equity loans in a certain state.

If you’re considering bankruptcy or are currently in bankruptcy, then you’ve probably heard of “reaffirmation agreements.” A reaffirmation agreement is a legal contract that basically breathes life into otherwise dead debt. Reaffirmation agreements are most common for mortgages and car loans. When a bankruptcy debtor signs a reaffirmation agreement they are agreeing to repay the debt as if they never filed bankruptcy. This means that if they default on the loan after bankruptcy, the creditor will be able to pursue their assets. Many debtors feel pressure to sign reaffirmation agreements because some creditors will not report post-bankruptcy payments without one. But there are some dangers when a bankruptcy debtor signs a reaffirmation agreement. Let’s take a look at some of the possible issues:

In today’s uncertain economy, small business owners are finding that even if they have a LLC many creditors are demanding that they personally guarantee the credit extended to them. This is even the case of property and equipment rentals. But for LLCs considering liquidation in bankruptcy, personal guarantees of debt can lead to complications in their bankruptcy case. Let’s take a look at some of the facts:

As baby-boomers begin to retire, the reverse mortgage industry is poised for a massive expansion.  But are reverse mortgages a “solution” for indebted seniors trying to avoid bankruptcy?  Let’s take a look at a few facts.

Reverse mortgages are used by seniors who are “house rich” and “cash poor.”  In order for a senior, someone who [...]

Debtors over 65 years old are the fasting growing group of bankruptcy debtors in America.  Their growing numbers are shocking for some economists; but the reality is that it is just a matter of fact that the current debt load of our society is weighing down heavily on many of our most vulnerable populations, especially [...]

We’ve heard about the “robo-signing” debacle; but now a new species of homeowner is being devoured by the mortgage industry’s quick-and-dirty foreclosure machine.  Homeowners who are current on their mortgage payments and even those who don’t have a mortgage are finding themselves swept up in the foreclosure vortex which has destroyed the finances of so [...]