Bankruptcy and Your Credit Score

Posted by on Mar 29, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Many individuals are worried that filling for bankruptcy will adversely affect their credit score. What most people don’t realize is that by the time individuals can really benefit from filing a bankruptcy petition, their credit score has already taken a beating and has fallen to an all-time low. Think about it: each time you miss a credit card bill payment or your mortgage payment, these...
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Married and Filing Separate in Bankruptcy, Part 3 of 3

Posted by on Mar 24, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Whether or not you should file a joint petition with your spouse or a single petition on your own depends on a variety of factors including the type of debts you owe, type of property you and your spouse own, whether or not the property you and your spouse own will be characterized as community property or separate property, and the amount of joint debt you and your spouse owe. Filing a single...
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Co-Signers Lack of Notice Upon Default

Posted by on Mar 23, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments If you are a co-signer on a loan, there are a few things you should know. The only reason why you were asked to be a co-signer in the first place is the fact that your loved one, whether daughter, son, niece, nephew, or friend, quite simply could not afford the payments on what they wanted to buy. Your loved one was over-extending himself or herself. Most lenders are clever and are very good at...
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Married and Filing Separate in Bankruptcy, Part 2 of 3

Posted by on Mar 22, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments In a community property state like California, when a spouse files for bankruptcy, the non-filing spouse may be forced to deal with some negative repercussions. This is because in a community property state, the state has specific laws that determine what property is and is not community property. What you or your spouse think is community or separate property is irrelevant. California law is...
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Married and Filing Separate in Bankruptcy, Part 1 of 3

Posted by on Mar 21, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Many married individuals contemplating filing for bankruptcy overlook certain issues when only one spouse files for bankruptcy, especially in a community property state like California. In community property states, there are special rules in place for property acquired and income earned by you and your spouse during your marriage. There are currently only ten community property states in the...
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Your Credit Report, Just How Important Is It?

Posted by on Mar 20, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Many individuals overlook the importance of regularly reviewing their credit report. Your credit report contains far more than a simple credit score number. You may be surprised what landlords and potential employers may discover about you through a simple glance at your credit report. You may also be surprised at the number of inaccuracies you find on your credit report regarding accounts you...
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