When considering filing for bankruptcy, there is often confusion as to which Chapter to file under Chapter 7 or Chapter 13. When you meet with your bankruptcy attorney, it is important to bring all financial documents to accurately calculate your yearly income and see which chapter you may qualify for. On May 1, 2014, the median income [...]
The phone calls from collection agencies start promptly at 8:00 am. They call you multiple times during the day; on your cell, at work, and at home. They leave you messages ranging from the simplistic automated calls that say "please call us back for an important message" to the intimidating messages demanding payment. [...]
While in the process of a Chapter 7 Bankruptcy, you are likely to be asked to sign a reaffirmation agreement for a specific debt. A reaffirmation agreement is a contract signed by you and a creditor to essentially keep a debt active, despite your bankruptcy filing. The first question you may be asking [...]
You've worked years to get your credit established and due to unforeseen circumstances, your credit rating has become less than stellar. You have exhausted your options trying to negotiate with creditors, paying minimum balances and struggled to stay afloat. Once you meet with an experienced Miami bankruptcy attorney, such as those at The Law Offices of Alberto Hernandez, [...]
The National Association of Consumer Bankruptcy Attorneys is holding its 2015 annual convention on April 23, 2015, in Chicago, Illinois. Of particular interest of conversation and topic to be discussed at this meeting will be the subject of student loans. For years, the Association has been championing common sense reforms to allow students [...]
Many so-called credit repair agencies throughout South Florida have been preaching that you must pay your bill because it is impossible for you to file bankruptcy in Miami nowadays! Yes, it may be harder now for people with high income and assets to file bankruptcy under the new changes to the means test because [...]
Most people think that bankruptcy court mortgage modification is just another government program that will substantially contain the same tough eligibility requirements and the many time's ineffective government programs like HOPE, HARP, and the Making Home Affordable Programs of the last few years. The Loss Mitigation Mediation Program, commonly known as the LMM [...]
Student loans are a necessary evil to many in today's business and work environment. Incurring debt to be able to go to school for the first time or to continue your education to qualify for job position requirements or a chance at a better paying job or promotion seems a no-brainer especially when even [...]
The bankruptcy court of the Southern District of Florida, which includes cases from Key West to West Palm Beach, has approved a new foreclosure mediation program. The loss mitigation program or (LMM) is foreclosure program supervised by the court help borrowers and lenders negotiate loan modifications and other loss mitigation alternatives and was [...]
Most people try to pay their bills on time until it is almost impossible to do so without going hungry. Some people with insurmountable debt borrow from family and friends until it is no longer possible. Still, for some folks lucky enough to have a job while in debt, sometimes there are not [...]
