You decided you will file bankruptcy, for sure, so when do you stop paying those pesky creditors? Hey, I am a lawyer, so the answer is: it depends. If you are keeping your house, keep paying the mortgage or mortgages. If you are keeping your vehicle, and are current, keep making the lease payments or…
The national foreclosure crisis is deep into the negative equity phase, as reported in the Christian Science Monitor this week. Negative equity, that is, your home is underwater, worth less than you owe on it. As I have been blogging for years, the answer is judicial mortgage modification, Congress amending Chapter 13 to allow the…
Filing bankruptcy ruins your credit, or so they say. “They” being the creditors, of course. I have filed a third Chapter 7 for at least three individuals, so, you know, people can get credit again. But, by the time you contact a lawyer, that good credit rating is in the rear view mirror, or about…
