You’re trying to work through the process of getting a modification of your home loan and you can’t seem to ever get the same person on the phone. When you talk to one person, they give you different answers, pass you around, or claim the information you provided was to another…
I get countless calls from people asking what they can do to about their parents or grandparents who co-signed for them on a student loan and are now facing garnishment, loss of their tax refunds, or even seizure of their bank accounts because they co-signed and the loans have not…
Air Date: 7/10/12 To listen to the program, click here and search all episodes. Attorney, Frank Coxwell explains how you should handle foreclosure. Nancy & Chris answer personal finance questions! I had the privilege of being invited back as a guest to the Mississippi Public Broadcasting (MPB) show – Money Talks –…
First you should understand that when we talk about “cramming down” a debt, it is referring to a secured debt (such as debts for vehicles, furniture, household goods and appliances). Referring to a debt as secured means there is some type of collateral attached, which you would lose if you…
The “withholding, suspension, or restriction of a driver’s license, a professional or occupational license, or a recreational license, or the reporting of overdue support to a consumer reporting agency, or the interception of a tax refund” are actions that can be taken upon an individual as a penalty for failure…
Filing Chapter 13 bankruptcy can be used to pay past due support over an extended period of time (max of 5 years within a single Chapter 13 plan) and yes, it can protect the debtor from going to jail for previously failing to pay what was due. It’s important to…
Debts stemming from a fine, penalty, or forfeiture payable to and for the benefit of a governmental body, (other than a tax penalty in some cases), cannot be discharged by bankruptcy. Criminal restitution in all forms will have to be paid in full; however, filing a Chapter 13 bankruptcy can…
In a Chapter 7 and Chapter 13, as long as four basic criteria are met, both state and federal income taxes can be discharged. The tax return due date was at least 3 years before filing bankruptcy. The filing of the tax return must have been done at least 2…
Something most people do not realize (including attorneys who are not versed in bankruptcy law), is that if someone has been hurt and there is a statute of limitations governing the timeline the person has to take action upon that injury (using personal injury as one example), filing a bankruptcy…
I had the privilege of being asked to write a couple of articles for the Mississippi Association for Justice Voir Dire Magazine’s Summer 2012 edition. This is a regular publication of the MAJ and is devoted to presenting timely, informative, and practical information to its membership of attorneys. I make…