by Miller & Miller Law, LLC | Jul 27, 2010 | Chapter 128, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
1. All debts must be listed. It is illegal to pick and choose when listing your creditors. All creditors must be listed even the ones you intend to pay after filing i.e. your mortgage2. You may have to turn over tax refunds to the bankruptcy trustee. Part or all of...
by Miller & Miller Law, LLC | Jul 26, 2010 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement
According to Clark Howard beware of temporary loan modifications. This is when a lender might ask you to only pay half of your usual payment for several months. But despite this being the lender’s recommendation, some banks subsequently report you as delinquent...
by [email protected] | Jul 19, 2010 | Business Bankruptcy
As reported on 24/7Wall St. they have compiled a list of brands that may disappear in 2011 which includes, Kia Motors (they are a part of Hyundai), Readers Digest, Dollar Thrify, Zales, Blockbuster, T-Mobile, RadioShack, Merrill Lynch and Moody’s. We are all...
by Miller & Miller Law, LLC | Jul 14, 2010 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Taxes can’t be eliminated in bankruptcy. Wrong! Many taxes are eliminated in bankruptcy. However, there are several complex rules that apply. Eliminating taxes depends on how old the taxes are, when the returns were filed and whether the taxes have been assessed...
by Miller & Miller Law, LLC | Jul 1, 2010 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Life After Bankruptcy
I am not allowed to have a checking account if I file bankruptcy. Wrong! There is no rule that stops you from keeping or opening a bank account. Most people keep the account that they had and continue to use it without interruption. Sometimes you may have to close an...