Chapter 7 for individuals and small businesses. A fresh start for individuals and a way to close the doors for the business.
Many callers ask the same question “will I lose my home if I file for bankruptcy?” Over the last 30+ years of helping people file for bankruptcy protection the most concern by homeowners is if they will lose their home. My answer – “it depends”. Do you want to keep your home? If so, then […]
How long after bankruptcy do I have to wait before buying a home? Anyone who either filed for bankruptcy or is considering it has asked “how long before I can buy a new home”? Attached is a spreadsheet which purports to detail the answer to this question.
Life in the Sweatbox (reprinted from Credit Slips) Pamela Foohey, Indiana University Maurer School of Law Robert M. Lawless, University of Illinois College of Law Katherine M. Porter, University of California – Irvine School of Law Deborah Thorne, University of Idaho Date Written: February 20, 2018 94 Notre Dame Law Review __ (forthcoming 2018) Abstract The time before a […]
Ten Things You Need to Know Before Filing Bankruptcy Bankruptcy is a tool. Any tool can be misused which can cause serious damage. Just ask the idiot who sticks a fork in a live electrical socket.
Debt settlement a bad alternative to bankruptcy By Liz Weston NerdWallet.com, Aug 30, 2017 (a summary from South Bend Tribune) Many people believe that hiring a company to settle their debts is better on their credit, will cost them less in the long run and will generally be better than a bankruptcy. This is what […]
A typical story of a homeowner and the con artist scum who prey on desperate homeowners: “I tried to keep my home despite the fact they started foreclosure proceedings. I self represented myself and filed initial bankruptcy chapter 13 forms which stopped the first trustee sale/ auction date. I got stuck on the second set […]
September 13, 2015
by Diane Drain
Please Note:
The information in this web site is not intended to constitute legal advice or to create an attorney-client relationship. It is also important to note that the information contained in this article may be outdated.
It is very important that you obtain legal advice from an experienced bankruptcy attorney regarding your particular situation. Consultation before you take action will certainly cost you less than what it will cost to fix your unintentional errors.
I was fortunate enough to be invited for a short interview on a local radio station. The short discussion is about financial challenges and bankruptcy. This is just an audio program, but it is only 12 minutes long. I hope the information is informative.
Diane L. Drain, lawyer, consumer advocate, retired law professor, wife and mother
About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and real estate laws. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a professor of law and has taught bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys.Read More →
Connect with Diane on google+ *This article is available for educational purposes only and does not provide specific legal advice. By using this information, you understand that there is no attorney client relationship between you and me, and that this information should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
SEPTEMBER SALES
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I highly recommend this great article in the New York Times about bankruptcy and the elderly. Everyone should understand the issues related to protecting your own or your parents’ hard earned retirement funds when faced with a financial crisis.
