BREAKING NEWS! The Obama Administration and the United States Department of Homeland Security will formally announce this morning that it will offer deferred action to DREAMers! Deferred action allows a person who is present in the United States without legal status to have a work permit, have a social security card and a […]
Announcement: Dream Act DREAMers! Read More »
Chapter 13 bankruptcy is for people who are able to pay off some of their debt. This is done through a payment plan which lasts between three to five years. Those who are not eligible to file for Chapter 7 protection may file for a Chapter 13 bankruptcy. What is chapter 13?
What are the benefits of filing for Chapter 13 bankruptcy? Read More »
If you are filing chapter 13 bankruptcy, under very specific circumstances, you can strip off the security interest held by the second mortgage. First the second line of credit has to be wholly unsecured. That means if the valuations of the house has to be less than the principal amount held by the first
Is there anything that can be done with my second line of credit? Read More »
The means test is used to determine whether or not a debtor is eligible for Chapter 7 or Chapter 13 Bankruptcy protection. Until 2005, the judges decided whether a person could file for Chapter 7 but since 2005, there have been specific requirements for filing a Chapter 7 bankruptcy protection. About means test
What is a means test? How to qualify for it Read More »
Before October 17th 2005, the judge would decide whether a debtor met with the requirements of Chapter 7. It was largely up to the discretion of the judges to assess the financial status of the debtor and this resulted in many cases in which extended Bankruptcy protection under Chapter 7 even if he or
Who can and cannot file for a Chapter 7 bankruptcy? Read More »
The time of repayment of a loan in accordance to the repayment plan can be very stressful and you need to be very careful in keeping up with payments. Missing just one of your instalments can lead to your case being dismissed, allowing creditors to continue with their collections efforts. So during the three
Tricks for rebuilding your credit after filing for chapter 13 bankruptcy Read More »
In addition to a personal injury caused by an automobile accident, the injured party also needs to be aware of who will be responsible for paying the automobile property damage. This is the essential question normally asked by clients as to why it is the other individual’s insurance company taking so long to pay
Automobile Accident | Who Pays For Property Damage? Read More »
Stages in a personal injury claim are very important to be aware of. These include meeting with an attorney, initiating the case with the insurance companies and eventually with the court, fact finding and discovery process, resolution before trail or motions, settlement, what happens at trial, collecting money after a judgment, appealing a judgment or
What are the stages in a personal injury claim? Read More »
Limitation on lawsuit a/k/a verbal threshold is associated with automobile insurance and is related to cases involving personal injuries. Choosing this kind of coverage highly limits the ability of individuals to bring a lawsuit for injuries that are sustained in the automobile accidents. One should not choose this options if he or she effectively
Limitation On Lawsuit a/k/a Verbal Threshold And How To Overcome It Read More »
There is a large misconception that if a person files for bankruptcy, they will lose their house and their car. That is simply not the case. Under the terms of Chapter 7 bankruptcy, credit card balances, medical bills, certain types of loans, back taxes and other forms of unsecured debt can be discharged. Discharging your
What is Chapter 7 Bankruptcy? Read More »