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According to the Wall Street Journal, Danielle Staub, a Real Housewife of New Jersey star, has agreed to pay $35,000 to settle a fraudulent-transfer claim. Ms. Staub filed for Chapter 7 bankruptcy claiming $500,000 to $1 million in debts and the same amount in assets....
Many creditors use garnishment as a tool for collecting on a monetary judgment. A garnishment orders a third-party to pay money, otherwise owed to you, directly to the creditor. A wage garnishment and account garnishment are the two most common types. Wage Garnishment...
When you file a Chapter 13 bankruptcy, you can take advantage of the "cramdown" tool. The cramdown allows a debtor who owns a vehicle that is worth less than what is owed on it to reduce the balance and interest rate on the car loan. A vehicle begins to depreciate in...
Unfortunately, mistakes happen. What happens if an error is made in your Chapter 7 or Chapter 13 case? In many instances, it is possible to reopen your case and cure the mistake. Typically, cases are reopened to fix a procedural error. Common examples include: failing...
Most people are concerned about their physical assets when filing a bankruptcy case. However, it is important to consider your intangible assets too. Many people who are entitled to settlement payments from a car accident or other personal injury matter should discuss...
According to CNBC, there are some people who believe that if the Bankruptcy Code was amended to allow the discharge of student loans, many Americans who are struggling financially would be saved. The CNBC article reports that student loans account for approximately $1...
If you are considering filing for bankruptcy, but you believe you may be receiving a substantial inheritance soon, contact . There are certain dates that matter in your bankruptcy case. The date that the bankruptcy case or the estate of the...
It is a common belief that filing for bankruptcy ruins your credit score forever, but this is NOT true. While improving your credit after a Chapter 7 or Chapter 13 takes time, with patience and self-discipline, it can be done. It is important to understand what...
If you have previously filed a Chapter 7 or Chapter 13 case and you are struggling financially again, you are probably wondering if you will be allowed to file another bankruptcy. In short, you can file a second bankruptcy case, but there are some limitations....
If you are delaying filing a Chapter 7 or Chapter 13 bankruptcy because you are concerned who will find out about it, hopefully this blog will calm your fears. While bankruptcy filings are a matter of public record, the reality is that your family and friends are...