A chapter 13 bankruptcy is one of the most powerful tools that most homeowners can use to save their homes. Contact Daniel Favors Law to find out why.
The Big-Spenders: Changes & Progress
You can read Part 1 here. Small Changes…Slow Progress Brandon and Bonita Big-Spender realized that their time was running out. They had already tapped their relatively small savings and had quickly moved onto using their credit cards to help them stay afloat in the short term. Brandon found a part time job tutoring high school [...]
Brandon & Bonita Big-Spender
Brandon and Bonita Big-Spender were the “stars” in their respective families. They were each first generation college graduates and enjoyed the fruits of hard work and discipline. As opposed to falling victim to some of the pitfalls of America’s urban environments, Brandon and Bonita excelled at school and married shortly after their college graduations. The [...]
Bankruptcy Alphabet: B is for Bank Account Levies
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photo credit: Peter Hellberg Almost worse than being one of the “unbanked” is being on the receiving end of a Bank Account Levy. A Bank Account Levy (aka a frozen bank account) can cause unimaginable havoc in the lives of already struggling New Yorkers. Just picture it. You just got paid and are out grocery [...]
B is for Bankruptcy Estate: Bankruptcy Alphabet
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Today’s Bankruptcy Alphabet Term is B for Bankruptcy Estate photo credit: takomabibelot When you file for bankruptcy protection, the filing creates something called the “Bankruptcy estate.” The Bankruptcy estate is like your own little universe that holds all of the property rights and interests you may have in any property at the time that you [...]
A is for Acceptance
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Today’s Consumer Debt Alphabet term is A for Acceptance photo credit: xniteXshadex One of the definitions for the word “Acceptance” in the Merriam Webster Dictionary is “to recognize [something] as true.” As odd as it may seem this simple little word can make all the difference for people who are dealing with creditors and debt [...]
A is for Automatic Stay
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Today’s Bankruptcy Alphabet term is A for Automatic Stay. photo credit: h.koppdelaney One of the most attractive things about bankruptcy is the feature known as the “Automatic Stay.” As I’ve said before, consider this analogy: Before you file for bankruptcy you are exposed to the harassment of creditors and debt collectors. Think of that harassment [...]
