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
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.
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…
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
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
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