Consumer and small business bankruptcy issues. Deals with before, during and after bankruptcy.

Grandfather and child

Too Poor to File Bankruptcy – a New Class of Americans

Ten years after the passage of the “new” bankruptcy law we find a new class of Americans “the permanently insolvent”.    You won’t find reference to this group in any financial magazine.  But, hundreds of thousands of Americans are in a position of being hounded mercilessly by debt collectors, but unable to afford to file for […]

Another Loan Workout Nightmare, plus Resources for Saving Your Home: Arizona

Yet another loan workout or modification scam.  I am disgusted by the number of calls we receive every week detailing a company or lawyer who takes someone’s hard earned money and fails to deliver on their promise to modify the home mortgage.

credit scores

Bankruptcy stays on your credit report even if dismissed

I just received an e-mail from a gentleman who filed a chapter 13 bankruptcy, but later decided to dismiss his bankruptcy.  He was wondering if the Bankruptcy Court could instruct the credit reporting agency to remove the bankruptcy from his credit report.  Unfortunately, the answer is an absolute and resounding “NO”.  A bankruptcy will stay […]

Related Post