Bankers Hate Debt Settlement Outfits Bankers hate debt settlement. The seven biggest groupts of bankers all sent a letter to Congress in February 2026 asking for stronger regulation of the outfits doing debt settlement. The bankers says that those settlement plans...
Watch out for this legal fee trap in Chapter 13 When Nan filed chapter 13 bankruptcy, her mortgage company hit her with a $1225 legal fee. Sadly, almost every home owner in Chapter 13 gets hit with a surprise fee. When you file Chapter 13, your mortgage company will...
Zombie Second Mortgages Are Hard to Kill Zombie mortgages are hard to kill. But in the past two years, we successfully used Chapter 13 and consumer law violations to save two families from foreclosure by zombie second mortgages. Maurice and Lily Hadn’t Paid the...
Why Does the Bankruptcy Court Need My Tax Forms? When we file your bankruptcy case, we have to turn in copies of your last year’s tax forms. Your bankruptcy trustee will look at them, and you might get asked a question or two at your bankruptcy trustee hearing. ...
“Credit Scores Improve Immediately After Filing for Bankruptcy.” That’s from an October 2024 consumer bankruptcy study done by Lending Tree. The average person saw their credit score increase from 533 to 602. (This matches two studies, in 2014 and...
Chapter 7 income eligibility got slightly easier April 1, 2025 If you are making less than the median income, you have income eligibility to file Chapter 7 bankruptcy. Those eligibility numbers adjusted up, April 1, 2025. For Virginia, eligibility is automatic for...
