If you’re thinking about filing for bankruptcy, you might not be sure of which debts are dischargeable in bankruptcy and which are not. One type of bankruptcy that most people think is not dischargeable in bankruptcy is back rent. However, this rent can actually be discharged as unsecured debt. If you are behind on your...Read More
An adversary proceeding is separate from the bankruptcy case that is taking place and it is important to understand this distinction. Put simply, an adversary proceeding is a separate lawsuit that arises during the bankruptcy case when a complaint is filed. An adversary proceeding is heard in front of a judge and is thus a judicial mechanism...Read More
You’re at the end of your wits. The call or texts come in non-stop. When you get home from work, there are messages on your answering machine. When you’re cooking dinner, the phone rings. When you’re eating dinner, the phone rings. When you’re watching Game of Thrones, the phone rings. When you’re trying to sleep,...Read More
When you’re pressured by Foreclosure In today’s housing market, many people are facing potential mortgage foreclosure even the people who never imagined that this could happen to them. Maybe you had to move because your family grew, you got a divorce or you needed to relocate for a job. Or maybe you cannot close the...Read More
What is Chapter 7 Bankruptcy? Chapter 7 Bankruptcy was enacted to allow persons who are hopelessly burdened by debt to have an opportunity for a new beginning by wiping out unsecured debts (debts that aren’t tied to any specific item of property, most commonly credit cards). Chapter 7 is designed for persons who cannot afford...Read More
Absolute Priority The order of payment to the different classes of creditors mandated by the Bankruptcy Code. Accord and Satisfaction An agreement to settle a contract dispute by accepting less than what’s due. Adequate Protection The right of a party with an interest in the debtor’s property to assurances its interest will not be diminished...Read More
If you are in debt, you will probably be interested in hearing that the FDCPA is not the only act that protects your rights from debt collectors and creditors. There is another act that seeks to regulate the way that information such as credit information is collected and disseminated. This act is the Fair Credit...Read More
Today’s post comes from my friend and colleague, Fern Tausig, CH. Fern is the owner of My Healing Hypnosis and has come to our blog to share tips on how to save money by quitting smoking, which will in turn, save your life! Here is what Fern has to say: “I am always amazed at...Read More
Recently, I appeared as a guest on a talk-radio show with host, Eric Lopkin. Click here to listen to the episode and learn more about me and my practice.Read More
Welcome to 2015! I hope that you had a wonderful holiday with friends and family and had the opportunity to relax a bit. At this time of year, many people turn to “new year resolutions.” “Yes, this year I’m going to use that gym membership!” “I will finally write that novel in 2015!” “Hmmm. I’ve...Read More
