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, ...
Category Archives: Bankruptcy
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 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 Bankruptcy Fraud: Blame My Lawyer?
If your bankruptcy schedules are filled out wrong, can you blame your lawyer for what is on them when you are charged with bankruptcy fraud? Technically, the criminal charge will be perjury, but it is for filing fraudulent schedules. That is, ...
Download PDF Version Student Loans: The Big Scam
Student loans started with the GI bill in World War II, and has expanded out of control. Because of: the colleges. Tuition costs raced ahead of inflation by over half in the 80s, which looks like a bargain compared to the ...
Download PDF Version Bankruptcy Filings Caused By Banks
Foreclosures on Detroit, Michigan homes, like the ice house in the picture, brought about by: the Wall Street and mortgage companies! Which leads to more and more bankruptcy filings. A continuing theme on this blog, that mortgage companies ...
Download PDF Version 
