Blogs

Can I Be Arrested for Defaulting on My Payday Loan?

Amy TannerThe short answer to this question is NO! This question usually comes to me or my colleagues from a frightened victim of this “payday loan scam” after they have been contacted by a self labeled “collector” plying intimidating scare tactics to collect on a debt.

How Should I Go About Surrendering My House in Bankruptcy?

Ronald SykstusIf you are giving up or “surrendering” your house in bankruptcy, our initial advice to our clients is to stay in the house until the foreclosure sale date. As a general rule, it takes quite a while for most mortgage companies to foreclose on a home.

What is a Chapter 11 Bankruptcy?

Amy TannerMany clients that I meet with regarding bankruptcy ask me “What is a Chapter 11 bankruptcy case?”   A Chapter 11 bankruptcy allows an individual or a business to reorganize debts while being protected from creditors.

Do I Have To Pay All of My Debts In Full in a Chapter 13 Personal Reorganization?

The answer is usually no.  The amount that each debt is paid is determined on a case by case basis and in some circumstances, certain debts are not paid back at all. Instead, these debts are discharged upon completion of the case. There are many different factors that go into determining what debts must be paid. Let’s go over a few.