I attend a lot of seminars and educational programs dealing with bankruptcy and related issues. Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]
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Asset protection is not just about protecting your home, family heirlooms, and personal wealth. You may want to consider whether a gun trust would be helpful for protecting your firearms. Gun trusts are generally used for holding NFA firearms: Short barrel rifles, short barrel shotguns and suppressors. A gun trust can make it easier to […]
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Men are from Mars. Women are from Venus. But both men and women generally feel bad about carrying debt and not being able to pay it. Most of us are brought up to pay our debts. Our religious or moral code may reinforce this. Above all, people feel embarrassed if anyone knows that their debts […]
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We get this question all the time, and advise our clients that gifts or transfers of assets to friends or relatives during bankruptcy may be the worst thing they could do. Both you and the recipient might lose the asset and you might lose your right to a bankruptcy discharge. One purpose of the bankruptcy […]
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Most, if not all states, provide homeowners with a timeframe within which to cure their default. And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment. Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]
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This may be a slightly different angle, but in my experience, real estate pros are far below average when it comes to retirement asset protection. In 2008-2012, I was representing real estate pros who had net worth on paper of $10M, $20M, even $100+M shortly prior to retaining me. They were meeting with me to […]
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Forgetting a creditor when your bankruptcy case is pending If you learn or notice that a creditor is not listed while the case is pending, it is a more simple fix. An amendment may be filed. The filing fee for this amendment is $26. Your legal fees will be a bit more, as the amendment […]
Read MoreBlog , Credit & Credit Scores , Debt Collection
I have represented thousands of people with too much credit card debt. The reasons for the debt can vary greatly, from unplanned medical bills, to an abrupt loss of employment, to gambling problems. Regardless of the reasons for the debt, there are various signs that a person has too much credit card debt. These indicators […]
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The answer usually depends upon the intent and goals of the couple. If one spouse wishes to remain in the house, that spouse will have to have the financial capabilities to do so. Refinance or sale is always an option, but it is not always possible to do so. Typically, a divorce order might order […]
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Many of my clients worry more about their credit scores than they need to. Credit scores can be important, however, and necessary if you want to borrow money to purchase a home or vehicle. There are even dating websites now for people who require a good credit score for their match. For example: http://creditscoredating.com/ or […]
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