People behind on credit cards declined, but people behind on mortgage payments increased. Huh? Don't people value their home more than a credit card? That was the conventional wisdom, ...
Author Archives: Kurt O'Keefe
Stopping Debt Collector Harassment And Abuse
"Is there any way to stop the debt collectors before I file bankruptcy? I can't stand the creditor harassment!" I get this question all the time. People report ...
Download PDF Version Does My Spouse Have To File Bankruptcy If I File?
Bankruptcy clients ask me all the time: "My husband/wife does not want to file, what if I do, does he/she have to ?" Nope. The bankruptcy code does provide for involuntary bankruptcy, but that is a complicated process in which creditors get together to throw a person or ...
Download PDF Version If I Am Filing Bankruptcy, When Do I Stop Paying Creditors?
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 ...
Download PDF Version Foreclosure Crisis – The Next Phase
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 ...
Download PDF Version How Do I Rebuild My Credit After Bankruptcy?
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, ...
Download PDF Version In Chapter 7 Bankruptcy, Reaffirm My Mortgage?
After you file Chapter 7 bankruptcy, you may be asked to reaffirm your mortgage. Asked by who? Why, the mortgage company, of course. Here in Michigan, most homes with mortgages are
Download PDF Version After Bankruptcy, Creditor Lien On My Home?
You go through the process of filing Chapter 7 bankruptcy, get your bankruptcy discharge, your fresh start, and get on with your life Couple of years later, you try to sell or re-finance your home, and cannot, because ...
Download PDF Version Colleges Profit From Student Debt and Student Loans
Debt drives people into bankruptcy. Student debt drives students into insolvency, that is, being broke, but many are not helped by bankruptcy. Student loans already saddle many college students with ...
Download PDF Version Michigan Bankruptcy and Foreclosure News
Countrywide, one of my favorite villains, fessed up to cheating homeowners, in foreclosure, and even including those who had successfully completed Chapter 13 bankruptcy cases, out of tens of ...
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