Cash-out Refinance Preventing Bankruptcy

Cash-out Refinance Preventing Bankruptcy

When considering bankruptcy, you may encounter unique and creative ways to protect your assets and prevent declaring bankruptcy. Sometimes these methods work and in other cases they delay the need to declare bankruptcy. Cash-out refinancing preventing bankruptcy is one strategy. It is a one of these methods that could give you access to seemingly cheap  … Read more

  Filed under: Loans


Insolvency vs. Bankruptcy

Insolvency vs. Bankruptcy

Insolvency is a term that can be used to describe having more debts than assets or not being able to pay debts when they are due. Insolvency takes on a slightly different meaning when discussing taxes. When a person has had a debt canceled and still has more debts versus assets, they are considered insolvent  … Read more

  Filed under: bankruptcy


Cramdowns in Chapter 13 Bankruptcy

Cramdowns in Chapter 13 Bankruptcy

When filing for Chapter 13 Bankruptcy, you may be able to reduce the principle balance of a debt to the value of the property it is secured by. This reduction in debt is known as a “cramdown” and can be a valuable instrument in bankruptcy that can save your automobile, investment real estate, and other  … Read more

  Filed under: Chapter 13


Debt Collection Executive Receives 4 Years in Prison for Fraud

Debt Collection Executive Receives 4 Years in Prison for Fraud

Peter Pinto, the Chief Executive Officer of the debt collection agency, Oxford Collection Agency, received a 48 month prison sentence in New York this week for his role in a $12 million dollar fraud case. Pinto was sentenced after pleading guilty to the fraud and money laundering charges last year following his supervised release. Debt  … Read more

  Filed under: News


Hire an Attorney for Chapter 7 Bankruptcy

Hire an Attorney for Chapter 7 Bankruptcy

Some individuals are able to successfully file for Chapter 7 bankruptcy without an attorney. The primary reasons for individuals choosing not to be represented by a bankruptcy attorney when filing for Chapter 7 are the inability to afford attorney fees. Others simply feel they don’t need an attorney to file Chapter 7 bankruptcy. A local  … Read more

  Filed under: Chapter 7


Spotting a Debt Relief Scam

Spotting a Debt Relief Scam

Individuals drowning in debt look for a life preserver in many forms, and sometimes it can result in a costly mistake. The Federal Trade Commission (FTC), warns consumers to be weary of debt relief and credit repair scams that can target individuals with lofty credit card debt by falsely promising to negotiate with creditors in  … Read more

  Filed under: Debt


Bankruptcy Filing Timing

Bankruptcy Filing Timing

You want to file a bankruptcy but cannot decide when.  At times, you may be better off delaying because you may get to keep your property. Or, maybe you could deal with debt in some other way, and not announce bankruptcy.  We’ll highlight some common scenarios, and give you a relevant advice on each. Bankruptcy  … Read more

  Filed under: bankruptcy


Types of Bankruptcy

Types of Bankruptcy

Bankruptcy is of several types, each of which has varying purposes and caters to different kinds of debtors. Learn more about the differences in types of bankruptcy. Types of Bankruptcy Chapter 7 The chapter 7 bankruptcy is also regarded as the liquidation or straight bankruptcy. You can file whether you are an individual or married  … Read more

  Filed under: bankruptcy


Joe’s Crab Shack Files for Bankruptcy

Joe’s Crab Shack Files for Bankruptcy

The previous 18 months have been extremely tough on the financial health of restaurant chains across America. Logan’s Roadhouse, Quaker Steak & Lube, Zio’s Italian Kitchen, and many other eateries littered the news last year reporting failed earnings, fleeing customers, and closed stores. This week the casual crab dinner Joe’s Crab Shack files for bankruptcy under  … Read more

  Filed under: News