Did you co-sign for your child’s car loan? Are you a co-signer on a loan for your friend? Have you co-signed for a loan for another family member? If so then you owe the loan the same as the primary borrower does. It does not matter who has their name…
Stop – if you are thinking of filing bankruptcy – do not do any of these transactions until you have spoken with me. Waiting a few days will not matter. “Better to be safe than sorry.” There is a right way to do things before you file bankruptcy, but there…
Cheap Lawyers are everywhere, but you may not be able to afford them. You can see a lot of lawyers bragging about being the cheapest. Search on the web and you will see ads for “Cheap Bankruptcy Attorney,” “Low Fee Bankruptcy.” We all know that quality and cheap don’t go…
Your Debts, My Debts and Our Debts. Married and struggling with money problems? Thinking about filing bankruptcy? You know married couples can file bankruptcy together, they do it all the time. In most cases it’s better for them if they do. But, what if your spouse doesn’t want to file…
Many people believe they will lose their retirement money if they file for bankruptcy. This is not true. Many clients meet with me and state that they “cashed out their retirement and are ready to file bankruptcy.” This is not necessary. Retirement accounts and pension plans are fully…
If you are considering filing bankruptcy, you need to think about your savings and checking accounts. There are a couple of important reasons to change credit unions or banks before you file bankruptcy: First of all, many banks will freeze accounts that have your name on them as soon as…
TransUnion, Equifax and Experian are the three credit bureaus that everyone is familiar with. Did you know that there are also credit bureaus for checks? If you bounced a check or used an overdraft on your checking account, you are in their database. All of the major banks regularly report…
Can you pay your credit cards after filing bankruptcy? Of course. You can pay anyone you want to pay. But should you? Let’s explore whether first of all you can keep them, and second if you have anything to gain by paying debts that were wiped out by the bankruptcy…
Do only broke or penniless people file bankruptcy? Not at all. If you decide to file bankruptcy, you will be among many of the rich and even famous that have also faces financial difficulty. Here are a few names of people who filed for bankruptcy that you may recognize. Many…
No. Although a bankruptcy case is a public record, it is not that easy to find. Bankruptcy information is not published in any Mississippi newspaper that I am aware of. Yes, one of your nosey neighbors could go to the bankruptcy court and ask but that is a lot of…