Eight years between Chapter 7 bankruptcy cases. Many who come to me really don’t pay attention to what was taken away from them by government in bankruptcy reform. Few understand the years required between their old and their new bankruptcy cases. These break into four classes: Eight between filing chapter 7 bankruptcy cases. Six between chapter…
Cleveland Area Bankruptcy Attorney Who Gets People Out Of Debt
Tag Archive: File for Bankruptcy
N is for Never
You finally decide to file bankruptcy. I do not expect you to be a lawyer, or to even know the law. There are two things you should never ever do financially, especially in the lead up to bankruptcy. Each basically involves debt consolidation instead of bankruptcy. When should you do them? NEVER! The things you…
L is for Life Insurance
Life insurance enjoys special treatment in bankruptcy. To begin, there are two basic types: Term life, and Whole life Term Life Insurance This type of life insurance I what most people have. It is the kind that if your employer will often provide as a benefit. Typically it has a far lower premium than it’s…
I is for Involuntary Bankruptcy
Involuntary chapter 7 bankruptcy happens when a creditor files against you in bankruptcy court to force the sale of your non-exempt assets to satisfy a debt. Not just any creditor can file such a proceeding against you: You cannot have more than 12 unsecured creditors. The filing creditor must have a non-contingent, undisputed unsecured claim…
H is for Honesty
Honesty is the bedrock your bankruptcy case is built upon. At nearly every step of the way you will be asked to attest or to swear to writings or to oral statements. On the third page of the bankruptcy petition you will sign a statement that the information in the petition is true and accurate. …
C is for Cosigner
Your cosigner has some big problems if you file bankruptcy. First of all let’s talk about who a cosigner is. Remember when you couldn’t get that loan unless someone signed the loan for you? Most typically this involves car loans, or if you had been arrested, a bail bond. When someone signs with or for…
Location Independent Law Office
My location independent law office protects you. Why? Very recently the law firm of a very close friend suffered disaster. For some unknown reason, one of the exterior walls of the office building cracked and the bricks crashed into the street. True to form, the local city government jumped into action. They posted signs on…
Child Support Driving Suspension Amnesty Returns To Lorain County
Driving suspension amnesty for Lorain County is here again! The last time they did this was in March, 2011. Then they gave it the cutesy name of “march madness.” They might think that losing your license is cute because your employer shut down or cut your hours, but it is not a joke. The thing…
Bankruptcy Mill. One Size Fits None
Bankruptcy mill attorney ads are all over television. They bring you in, and churn your chapter 7 case through. Are your personal finances unique? Are they different from your neighbor? That is not how one Cleveland bankruptcy mill views you. How do I know this? Recently Cleveland bankruptcy attorney William Balena has had a number…
House Did Not Sell At Foreclosure Sale Date
Foreclosure sale date has passed, and your house does not sell. How can that happen? Is it even possible? Not only is it possible, but it is becoming more and more common in Northeast Ohio. It is no shock that home values in this area have dropped continuously since 2008. The rest of the country…