If you filed had your home foreclosed or surrendered it in bankruptcy last year you will be receiving a 1099 from your mortgage company. Do not ignore this. Deal with it now, otherwise it will cause you problems in the future. Here is what you need to do. There is…
Yes…but let me explain why you want to list everyone. The bankruptcy rules require you list all of your creditors so the court can get an accurate picture of your financial situation. Listing everyone you owe does not mean you will lose your house or car or other property. Listing…
If you are a self-employed worker you will receive a 1099 for your wages instead of a W-2 form. But there is another type of 1099 that you may receive from one of your creditors. This is form 1099C. A 1099C form is used when all or a portion of…
Today I had the privilege of being one of the guest speakers at the MS Family Law Update seminar in Jackson, Mississippi. I educated the attending family law attorneys on the many ways that bankruptcy can effect the divorce, child support, and custody matters that they routinely address. My presentation covered methods the attorneys need to…
I have been flooded with inquiries from people in the Jackson, Pearl, Brandon, and Madison cities of the metropolitan area who have been scared to death by collection agencies. The caller usually claims to be a detective or some sort of officer and states that they are on their way to your house to take you…
First of all, discuss your situation with a competent and knowledgeable bankruptcy attorney, preferably one who only represents consumers. Do it before you do anything thing else, before you pay any creditors or relatives, before you give any property away, before you let the house go, before you take on…
Despite everybody’s opinion that the economy is getting better, one thing is for sure – if you’re living from paycheck to paycheck, things are tough no matter what they say. If you suffer an illness, pay cut, or lose your job and miss a week (or heaven forbid several weeks)…
Within 90 Days of Filing Bankruptcy: Luxury items charged to credit cards that total more than $550 within the 90 days of your bankruptcy filing are presumed to be non-dischargeable. Luxury items are defined as goods or services that are not reasonably necessary for the support or maintenance of your…
I had the priviledge of being invited by Kim Wade to come for an interview on his show Aug 26, 2011. We discussed what has happened and is happening in the mortgage industry today and the multiple areas of fraud being perpetrated on the American people – but more importantly we…
Foreclosure is the process that a mortgage company takes to repossess and sell your home when you fall behind in the payments. In Mississippi, the mortgage company does not have to file a lawsuit against you and get an Order from the Court in order to sell your home. In…