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When facing foreclosure on your home, you may be willing to do just about anything to keep it. A google search for "foreclosure defense attorney" will yield pages of results of lawyers. They all promise to give you the best chance of stopping a foreclosure sale on your property. Why Non-Bankruptcy Foreclosure Defense May Not [...]

The post Foreclosure Defense And Bankruptcy appeared first on and written by Mark Markus

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Do not ignore your debts--even if you think they are gone or "charged off". This article shows a prime reason why you should explore all options to resolve your debts.   Whether through bankruptcy or otherwise, it is important to do so even if you think the debts are gone. Judgment Creditors Can Seize Your Bank [...]

The post What Happens When You Ignore Debt Collectors appeared first on and written by Mark Markus

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How Divorce Judgments and Equalization Payments Work When going through a divorce, you can be left with different types of obligations. The most common is a domestic support obligation, such as child support or alimony. But you can also be made responsible for your spouse's separate debts, usually as part of the property division. For [...]

The post How Can I Be Responsible For Ex-Spouse Debts After Divorce? appeared first on and written by Mark Markus

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Ever wonder what happens after you file bankruptcy? Do you just telephone an attorney and with the push of a button your debts disappear? No, that's not quite how it works (although many who call me seem to think it is). The different bankruptcy chapters have different requirements to get a discharge of your debts. [...]

The post Bankruptcy Discharge, Dismissal, And Case Closing appeared first on and written by Mark Markus

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I just heard a sad story from a lady who took some really bad advice. The advice came from a loan modification agent. And, as a result of that advice, she is now going to lose her home to foreclosure. Her facts are similar to those of many of my clients, so I share it [...]

The post Beware Of Bankruptcy Loan Modification Advice appeared first on and written by Mark Markus

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It is tax season. My clients (and myself) are trying to find ways to pay the taxes that they owe to the IRS and State Franchise Tax Board. Paying your taxes with a credit card may seem like a good idea.  And in some cases it may indeed be a clever way to deal with [...]

The post Should I Use A Credit Card To Pay Taxes To IRS? appeared first on and written by Mark Markus

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Bankruptcy is not always the best solution for your financial problems. But often it is. Yet it is usually (and unnecessarily) the absolute last resort for people with debt problems. Most of my clients come to me after they have spent thousands of dollars on debt consolidation programs that did not deliver on what they [...]

The post Bankruptcy: Freedom and Relief From Debts? appeared first on and written by Mark Markus

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If only the credit card companies would lower our payments a little, we could make them! Many people with good jobs have a hard time paying their debts. They have a house, car(s), and plenty of things a middle class household in America typically has. Things on the surface look good, but they can no [...]

The post Chapter 13: How To Get Relief From High Interest Rate Payments appeared first on and written by Mark Markus

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Status Of Payments Does Not Affect Bankruptcy Eligibility I get asked this question often.  People think the gateway to bankruptcy relief requires being delinquent on payments. There is no such requirement. You can file bankruptcy if your credit score is 900 and never missed a payment in your life. The truth is:  If you wait [...]

The post Can I File Bankruptcy If Current And Not In Default On Payments? appeared first on and written by Mark Markus

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You made it to the finish line. You filed your bankruptcy case and attended the required meetings. You took your credit counseling and debt management courses. You survived any filed objections. And you finally received your Order discharging your debts. Can you sell your house now?  Or your car? Can you legally transfer money from [...]

The post Chapter 7: Can You or Trustee Sell Your Property After Bankruptcy Discharge? appeared first on and written by Mark Markus

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