Reference Materials for Home Affordable Modification Program (HAMP)

Although the Home Affordable Modification Program (HAMP) has been widely reported as under-serving those in need, and hat has been our clients’ experience here,  if you are considering filing for bankruptcy protection or have already done so, and you have also applied for HAMP, this guide explains policies and procedures related to borrower outreach and [...]

Life After Bankruptcy

There are scores of inaccurate beliefs about what happens to someone after they’ve received bankruptcy protection.  What people read on the Internet, hear from friends and family, see in advertisements from “tax repair” services, “credit repair” services, “debt consolidation” services and the like is often (at best) misleading or misinformed, and (at worst) downright criminal. [...]

What’s it Cost to File for Bankruptcy?

This requires a two-part answer. First, filing fees must be considered. Filing fees are charged by the bankruptcy court and are due upon filing; these fees help fund the bankruptcy court system. The filing fee for a Chapter 7 bankruptcy is $299.00; for Chapter 13, $274.00; and for Chapter 11, $1039.00. Second, if you wish [...]

Bankruptcy and Divorce

All too often money problems lead to divorce, and visa versa. Be sure to include a competent bankruptcy attorney on your legal team alongside your family law counsel.

Bankruptcy 101: What Every Lawyer Needs to Know About Bankruptcy

In this economy, most attorneys — no matter what their practice area — have established relationships with clients who are now either in financial difficulty, or are affected by someone else’s financial difficulties. Divorce attorneys, personal injury attorneys, real estate attorneys, employment law attorneys, and construction law attorneys are just a few of the types [...]

Primer for Distressed Homeowners: Part 1 of 3

With the jobless recovery hitting the Charlotte region particularly hard, we’re getting a steady stream of calls asking for help preventing home foreclosures, forced sales and sheriff’s sales, and facilitating short sales.

Consumer Debt Headlines 8/09

News on mortgage and auto delinquencies, student loan debt and bankruptcy rates for August, 2009.

Who’s filing for bankruptcy now?

A report released today by the Institute for Financial Literacy (IFL) shows that the recession is noticeably shifting more middle class Americans into bankruptcy. IFL’s 2008 Annual Consumer Bankruptcy Demographics Report found that the average American in financial distress and seeking credit counseling and financial education is a 35-to-44 year-old married Caucasian with a high [...]