Debt Consolidation/Relief Part 2 of 2
March 8, 2010 by Heather Culp
In the first part of this series, we covered the misleading things that businesses advertise on television, radio and elsewhere for “debt consolidation” or “debt settlement” services.
If you decide to enter into an agreement with a creditor, or want to fix a bad credit score keep these five things in mind.
How to proceed with the [...]
Debt Consolidation/Relief Part 1 of 2
March 5, 2010 by Heather Culp
Hardly a day goes by without seeing on television, or hearing on the radio, a commercial for “debt consolidation” or “debt settlement” services. Often, the ad includes a statement to the effect that if you owe more than $10,000.00 in credit card debt, you have the “legal right” to settle for less. Further, [...]
Rick Mitchell: Included in 2010 Super Lawyers
March 4, 2010 by Richard Mitchell
Each year Super Lawyers magazine names attorneys in each state in 70 practice areas who have attained a high degree of peer recognition and professional achievement. Nevertheless, they included me in their listing for the third year running.
I probably would have named it something besides Super Lawyers, but since the selection process has been blessed by [...]
Chapter 13 Bankruptcy: Individuals
March 1, 2010 by Heather Culp
Chapter 13 is a repayment bankruptcy. It is utilized by individuals, and owners of sole proprietorships or other “mom and pop” businesses, not only to obtain a fresh start, but also to retain their assets and reorganize their financial affairs.
For most individuals with debt problems, the major decision is whether to file for protection [...]
Chapter 11 Bankruptcy: Businesses and Individuals
February 24, 2010 by Heather Culp
Chapter 11 bankruptcy is a reorganization. More businesses than individuals file for Chapter 11; it is an orderly process that allows the debtor time and space to reorganize its financial affairs and repay its creditors some or all of the debt owed.
It is a vehicle through which debtors can reject or cancel certain leases, [...]
Chapter 7 Bankruptcy: Businesses & Individuals
February 22, 2010 by Heather Culp
The word”bankruptcy” is heard everywhere, from coffee shops to church bazaars and the evening news. It’s clear to me that, despite this general knowledge of bankruptcy, few people understand what it means to file for protection under Chapter 7, Chapter 11 or Chapter 13.
Chapter 7 is a liquidating bankruptcy. It is normally utilized to [...]
