Category Archives: Bankruptcy
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I’ve had several clients in my office recently ask me why their credit report looks differently than it did last year. The big change, as currently seen on a TransUnion and Experian report, is that the payment history is now shown for the last 24 months. Equifax will begin showing this longer payment history within… Read More »
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Effective July 1, 2013 the Motor Vehicle Exemption increased from $3,500 to $5,000. This provides additional “wiggle-room” in determining whether you can keep your motor vehicle(s) when you file Chapter 7. Now, each debtor has $5,000 from this exemption to protect all motor vehicles titled in the debtor’s name. These factors can come into play… Read More »
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Chapter 13 is an option that allows you to consolidate your debt through a repayment plan. Your plan payment will be driven by your income, your assets and your debts. As you might imagine, your income must be regular an sufficient to allow your repayment plan to work. Your goal is to protect the things… Read More »