How to Get the Creditors to Stop Calling When You Owe Them Money?

When you’re overburdened with excessive debt, it’s not unusual to get relentlessly bombarded with a never-ending barrage of phone calls from money hungry creditors.  There goal and paycheck usually are dependent on them trying to get whatever they can from you.  It is as if your phone has been hijacked, you are stressed out enough…

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Myths About Bankruptcy

bankruptcy myths

 ” Bankruptcy-Only the Deadbeats file for bankruptcy.” False, nothing is further from the truth.  There are some filers who will blatantly try to defraud their creditors by abusing the bankruptcy system. However, they account for a very small percentage of all filings.  The majority of people file for bankruptcy after a major, life-altering event. These …

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Do you owe more on your car than it is worth? If so….

you owe more on your car than it is worth?

Do you owe more money on your car than it is worth? You may be able to use a Chapter 13 bankruptcy “cramdown” to reduce the balance and interest rate on your car loan. What Is a Car Loan Cramdown? As soon as you drive your car off of the lot, it depreciates very quickly,…

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Can I Discharge IRS and State Tax Debt in Bankruptcy

IRS Tax Debt

A common question I get is whether one can discharge IRS and State income tax debt in bankruptcy. Simply put, Debtors must meet ALL of the following criteria to discharge taxes in a CHAPTER 7 Bankruptcy: 1. Income taxes are at least three years old from the date they were due (e.g., 2010 taxes came…

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