Legal Articles, Bankruptcy & Debt
Bankruptcy and Credit Score
Bankruptcy does not destroy your credit. Credit will normally take an initial 100 to 150 point hit. However, if it is low enough, it might actually go up.
Your Tax return and Bankruptcy
It’s the most wonderful time of the year. Time for your tax return and to get back some of your hard earned money.
The beginning of the year is usually the toughest time for a lot of people, the bills and credit card debt of Christmas still ringing fresh. Though the holidays are over, the majority of folks have overspent.
The holidays are over, and most have overspent. People in an already bad financial situation have usually made their situation worse during the holidays. A lot of times it’s the holidays and the spending at Christmas that make people realize they should consider bankruptcy or some other form of debt relief.
Can you Discharge Income Taxes in Chapter 7 Bankruptcy?
Can you Discharge Income Taxes in Chapter 7 Bankruptcy?
Changes in Bankruptcy Court Procedures Due to the Spread of Coronavirus
Since early March 2020 there have been many changes regarding the bankruptcy courts. You are still able to file for bankruptcy, however, most court proceedings and bankruptcy filings are happening over the phone or through ZOOM calls.
Debt Crisis in America Due To The Corona Virus
As the pandemic Coronavirus (COVID-19) rips through America’s biggest cities, its effect is being thought far beyond the over 140,000 Americans who are confirmed infected. This means America is potentially facing a debt crisis due to this pandemic COVID-19.
New Record Unemployment Filings Could Spike Bankruptcy Numbers
Record Unemployment Rates could be a clear indicator of the dark financial days looming. 6.6. Million people filed for unemployment for the week ending 3/28/2020. These high numbers may lead to an influx of bankruptcy filings in the near future.
Tendering Money When Futile
A tender must be immediately available money but does not have to be made if futile.
Application of Payments: Nevada Supreme Court Clarifies How Payments are Applied.
The Nevada Supreme Court has recently clarified the law on how payments are applied.
So You've Been Sued in Michigan?
If you get sued by a debt collector in Michigan, learn how to protect your legal rights and understand the legal process
