A commercial contract cannot waive your right to file bankruptcy. A credit card company or a mortgage lender may not enforce a provision in their documents that states you are not permitted to file bankruptcy so as to disqualify your bankruptcy petition. Contractual provisions waiving your right to file bankruptcy are void. Continue reading
Category Archives: Dealing With Creditors
How To Avoid HOA Dues And Other House Expenses After Filing Bankruptcy
As mentioned in prior blog posts, some Chapter 7 bankruptcy debtors who intend to surrender and move out of their upside down homes are incurring personal liability for home related expenses incurred after their bankruptcy filing.
Points Guy Explains Credit Scores
Many of my clients ask me how their situation and my proposed solutions will affect their credit score. One of the best explanations of credit scores I’ve seen is in a post on a travel blog called The Points Guy. Continue reading
Credit Score Repair After Short Sale, Foreclosure, And Bankruptcy
One of my new bankruptcy clients is a credit manager with Bank of America. After discussing his situation and starting his bankruptcy I took the opportunity to ask him how a bankruptcy debtor best establishes good credit after bankruptcy. I also asked about the comparative impact on credit ratings of a short sale, a foreclosure, and a bankruptcy.
Bankruptcy’s Effect Upon Government Security Clearance And Job
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People working for the U.S. government in sensitive positions are frequently concerned that filing bankruptcy will jeopardize their government security clearance. I have not heard from any of my own bankruptcy clients that their bankruptcy caused them to lose their…
Redressing Debt Collection Abuses In Bankruptcy Court
Some people file bankruptcy mainly to end what they consider to be harassment by debt collectors. Enthusiastic and aggressive bill collectors often use collection tactics that violate protections afforded debtors by the federal Fair Debt Collection Practices Act. Continue reading
FICO Chief Talks About Credit After Bankruptcy
People considering bankruptcy are usually concerned about bankruptcy’s effect upon their credit score and what they need to do in order to rehabilitate their credit. I saw an interesting article in Yahoo Finance about an interview with Mr. Mark Greene, the CEO of Fair Isaac & Co., the managers of your FICO score. Continue reading
Responding To Debt Collectors
Often people call me and ask me to help them deal with creditors calling to collect money. I always explain that handling collection calls is not legal work, and they will waste money paying attorneys to respond to collection calls. Continue reading
Credit Repair After Bankruptcy
I receive many questions about credit repair after filing bankruptcy. Credit scoring and reporting is not a bankruptcy law issue; it is more a matter of personal finance. Continue reading
Wachovia Bank Goes Wild: Freezes The Bank Account Of Bankruptcy Debtor’s Boss
One of my clients filed Chapter 7 bankruptcy in Orlando, Florida. The client is an accounts manager for a one doctor medical practice. Continue reading