Modification of a Chapter 13 Bankruptcy Plan
A Chapter 13 Bankruptcy repayment plan lasts between 36 and 60 months. During that period of time there are many events that may happen which may diminish or enhance one’s ability to repay their creditors under a Confirmed Chapter 13 repayment plan. Change in circumstances that are cause for a modification of a confirmed bankruptcy […]
Credit Reports and Charge Off
It is common for a debt to be listed as a “charge-off” on a credit report. Some consumers have mistakenly viewed a charge-off as a positive indicator on their credit report, because the phrase charge-off may be interpreted as the consumer no longer owes or is responsible for payment of the debt. In fact, the […]
Credit Counseling and Bankruptcy Filing
Under the Bankruptcy Abuse and Consumer Protection Act of 2005 individuals who plan to file for bankruptcy must complete under Rule 11 U.S.C. Section 109 a Credit Counseling Course prior to filing a Chapter 7 or a Chapter 13 Bankruptcy Petition. Our office ensures that all clients comply with the counseling requirement and registers all […]
Can I Purchase a Home after filing Bankruptcy?
Can I Purchase a Home after filing Bankruptcy? The answer to this question, is the too frequent legal answer, “It Depends.” Credit scores a/k/a FICO scores and interest rates are in an inverse relationship, meaning, the higher the credit score, the lower the interest rate. Our credit scores are the lead factor in determining the […]
New Debt Consolidation Rules to Prevent Abusive and Deceptive Practices
Bankruptcy and Debt Consolidation
Vacation Timeshares – A Waste of Time and Money
Timeshares and Bankruptcy Law. Don’t waste your Time!
When Will You Be Debt FREE?
When will you be debt free?
Real Estate Short Sale Considerations
Short Sale and Philadelphia Bankruptcy
New “CARD” Law Targets College Students
Credit Card Accountability Responsibility and Disclosure Act (“CARD”) of 2009 targets College Campuses. The new law, among other things, will limit how credit card companies market their products to anyone under the age of 21. Meaning, less free t-shirts, beach towels and easy credit on college move-in days. The purpose of the new CARD laws […]