Lewisville Bankruptcy Attorney: There is a common misconception amongst debtors that once a debt has been charged off by a creditor the creditor can no longer attempt to collect the debt. Charged off debts are still collectible, and may be so for years after the debt was charged off. The IRS allows creditors to charge […]
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING When I went to college, students didn’t just get degree. They also accumulated huge amounts of credit card debt. Anyone who has attended college during the last ten years can tell you that credit card applications were offered to them everywhere on campus. Credit […]
MORTGAGE DEBT: STRATEGIC DEFAULT VERSUS BANKRUPTCY
A strategic default is a property owner’s decision to stop making payments to a mortgage lender and to allow property to be foreclosed. Whether a strategic default is a good idea depends on the property owner’s specific situation and the state in which the property is located. Each state has its own set of rules […]
REAFFIRMATION OF SECURED LOANS
Chapter 7 bankruptcy is a great way of getting rid of debt. Debtors who successfully complete this type of bankruptcy case receive a discharge order which permanently shields them from liability for the debts discharged in their bankruptcy case. Debts that are discharged in Chapter 7 bankruptcy include credit cards, personal loans, pay day advance […]
Sources Say Borders prepares to File For Chapter 11
The Wallstreet Journal is reporting that Borders Group Inc. could file for Chapter 11 bankruptcy-protection as early as Monday or Tuesday. Many of us know Borders because we shop for books in their stores. The Wallstreet Journal further reports that, if Borders does file, filing for Chapter 11 will no doubt be followed by widespread […]