By Scott Riddle Posted in Bankruptcy Basics,Chapter 13,Chapter 7“Hate” may be a strong word, and it almost always is, so let’s change it to “dislike” or “disagree with” Dave Ramsey. If you do not know who Dave Ramsey is, you might not be interested in this post, but you can read his biography here. In short, he is a “financial planning guru” (my… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 13,Chapter 7As we discussed in this prior post there are two requirements for counseling in a Bankruptcy case. The first credit counseling session has to be completed within six months before filing the case. If the counseling is not completed and the certificate is not filed, the case will almost always be dismissed. However, although this… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Creditor Law,Debt Collection & ForeclosureWhether you are in good financial shape, facing financial problems, or recovering from Bankruptcy, you need to periodically check your credit report with the three major credit bureaus (Equifax, Experian and TransUnion). By law, you can get copies of your credit reports every year. The easiest way to get the three reports is to go… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 11,Chapter 13,Chapter 7As discussed in more detail in this post, you there are two counseling requirements in individual Bankruptcy cases – one before filing the case, and one before getting a discharge. The overwhelming majority of people do the counseling sessions online. How do you find an approved Bankruptcy counseling agency and compare prices? One simple way… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 7Chapter 7 Bankruptcy is one of the two most common types of Bankruptcy filed by individuals (the other being Chapter 13). The major distinction between the two is that there is no payment plan in a Chapter 7 case and a typical Chapter 7 cases only lasts about 4 months instead of 3-5 years for… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 11,Chapter 13,Chapter 7If you are considering filing a Bankruptcy case, it is important to know that two counseling sessions are required in the case, one of which must be completed in the 180 day period before filing the case. With few exceptions, this is an absolute requirement and a case will be dismissed if this requirement is… Continue Reading
