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09

May 2021

For most people bankruptcy works. For most people, debt settlement doesn’t.

Posted by / in Weekly Posts /

For most people, bankruptcy works. For most people “debt settlement” doesn’t work.

One reason.  The debt settlement people charge enormous fees–FDR and NDR charge at least $6,000 to “settle” $40,000 in credit cards (and you still have to pay the settlement).
Plus, they usually don’t work
.
See this email I got this email today from Ed.
Ed is paying the debt settlement company and got sued anyway. Why? Because the debt settlement people usually settle the smallest debts first.
And while you are paying off the small settlements, do the big cards just wait patiently? Or do they sue?
You can read what happened to Ed….What do you think?

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07

Feb 2021

The three toughest questions at your bankruptcy hearing

Posted by / in Blog, Weekly Posts /

The three toughest questions at your bankruptcy hearing.

The three toughest bankruptcy hearing questions are NOT what most people expect.  The bankruptcy trustee does NOT ask you to explain how you got into this mess. They are not asking about your plans for the future.  And the creditors are NOT there demanding their money.

Have You Sent the Bank Statements?

So what are the hard questions? For most people the toughest bankruptcy hearing question is: Have you sent us all your bank statements, showing the balance on the day you filed your case? Especially if you have old accounts you don’t think about because you never use them–getting those bank statements in can be a tough challenge.

Can You Find The Mute Button?

One bankruptcy trustee question: Can you mute your phone?

Finding the mute button can be a challenge for your bankruptcy hearing. Progressive uses it as a joke in one of their TV ads.

The next bankruptcy trustee question is, can you find the mute button on your phone?  People who do conference calls at work figured out the mute button long ago.  For other people it’s a challenge.  (Progressive Insurance uses a mute button as a joke on one of their TV ads.)  

The bankruptcy court in Alabama has mute button instructions on their webpage. 

Why is the mute button important?

When you call into your bankruptcy trustee, there will be almost thirty people on the line.   About twenty people filing bankruptcy, maybe eight lawyers, plus the trustee and helper.  

Everybody needs to be on mute when it’s not their turn. Otherwise the background noise–fans, computer noise, barking dogs, children–the background noise makes it impossible to hear.  So, be sure you can find and use the mute button.

Can I Whisper to My Lawyer?

The third toughest bankruptcy hearing question is your question, not a bankruptcy trustee question. Your question is, how do I talk to my lawyer?

When you dial in to the trustee phone number, you don’t know that whether I’m there.  (And I don’t know if you’re there, either.) That’s the biggest disadvantage to doing these on the phone. 

You for sure want to know I’m on the call and you might have a last minute question, too. You can’t ask me a question out in the hall because there is no hall.

We can’t whisper–because we are broadcasting to the whole room. That why we need to email each other ten minutes before the hearing starts.

I’ll shoot you and email letting you now I’m on. Please reply. And email any last minute questions. Use robertrossweed@gmail.com. That goes straight to me.

(We’ve been doing these bankruptcy trustee hearings by phone for ten months now. And I overhear a lawyer whispering with their client almost every hour. And of course the whole room hears it.  So far I haven’t overheard anything really bad–like, I’m sure glad they didn’t ask about that farm in Kentucky. Anyway, you and I won’t do that. We know to whisper by email.)

 

 

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31

Jan 2021

File Bankruptcy and Sleep Better

Posted by / in Blog, Weekly Posts /

People who file bankruptcy sleep better.

Ninety four percent of people surveyed said they slept better after filing bankruptcy.

That’s the result of a 2019-2020 study taken through SurveyMonkey.com of former clients who filed bankruptcy with us three or four years before.  One hundred four people participated in the survey.     

Ninety four percent sleep better after filing bankruptcy

Ninety-four percent of people report sleeping better after filing bankruptcy.

Getting good sleep is very important for good health. 

People who get enough sleep are less stressed.  And less stress helps people sleep. It works both ways.

While people discuss the financial benefits of filing bankruptcy, the enormous health benefits can be overlooked.  

We did similar survey in 2011 and got almost the same answer.

In 2011 88% said they slept better after filing bankruptcy.

Lack of sleep increases your risk of cancer and heat disease and affects your mental and physical abilities.  

Rosalind, from Leesburg, said this:  I was depressed and very stressed when I came to Mr. Weed due to my illness and with mounting medical debts. I now sleep better, my stress level is down and I feel so much better.

Here’s Contrell, of WoodbridgeMr Weed is hands down the best bankruptcy lawyer in the DMV. I sleep well at night. I thought with my income it was impossible to achieve a debt free life style again within 6 months my credit score was in the 700’s.

Next is Betsy, from Sterling: Thanks for everything.  I can sleep better now.

 

 

 

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NORTHERN VIRGINIA BANKRUPTCY LAW OFFICES