Seniors And Bankruptcy: Making The Leap

I’ve been a bankruptcy counselor with LSS for many years now and it’s been a perfect fit with my legal background. My counseling experience has shown that people of all ages file bankruptcy, from their early twenties right into their eighties. Just as folks of different ages find the need for bankruptcy protection, just as…
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Steps To Improve Your Credit Fast

Do you have collection debt, judgments, a foreclosure, or even bankruptcy on your record? If so, rebuilding your credit might seem like an impossible task. Many consumers just assume they will suffer the consequences of bad credit for the next 7-10 years until negative items are removed from their credit reports. Maybe you figure “good…
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The Many Faces Of Bankruptcy

In 2005, Congress adopted The Bankruptcy Abuse Protection and Consumer Protection Act. The changes made to the existing Bankruptcy Code were significant and sweeping, especially for those with personal consumer debts. The new bankruptcy law applies to bankruptcy cases that are filed on or after October 17, 2005. One of the most far-reaching changes was…
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Debts And Liens: 2 Distinct Issues In Bankruptcy

Bankruptcy is often a confusing process for those who file, also known as “debtors.” Besides being flooded with paperwork and bombarded with legal jargon, debtors are presented with financial concepts that can be difficult to grasp. Today’s post focuses on the difference between debts and liens, and how bankruptcy affects each. What is the difference?…
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Am I Too Broke To File Bankruptcy?

As a bankruptcy counselor, I often speak with clients who are knee-deep in debt, and running in crisis mode. They are considering filing bankruptcy, but are frustrated at the cost to retain an attorney, file a bankruptcy case, and complete the counseling and education requirements. “How can I pay for all of this when I…
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