Category : Bankruptcy

Rebranding Bankruptcy & Financial Rehabilitation

Katherine: Hello everyone. Thank you so much for joining us today on This Needs To Be Said. We’re here with Attorney Ron Drescher and he’s going to talk with us about, basically bankruptcy is not a bad thing. Helping you to learn that good people find themselves in crisis situations and how he can help […]

The Bankruptcy Lawyer’s Guide to Saving Money

When people ask me what I do for a living I tell them “I’m a bankruptcy lawyer.” The reactions I get back range from the judgmental to the practical: “Don’t people abuse the system?” (sometimes); “How do you get paid?” (it’s complicated); “Did you represent Donald Trump?” (no); “Can I discharge my student loans?” (almost […]

The Home Mortgage Reaffirmation Trap

This is a difficult question to answer because reaffirmation defeats the whole point of most bankruptcy cases, which is to obtain a discharge of your debt.  By reaffirming any given debt, even though you’ve received a discharge in bankruptcy the reaffirmed debt survives discharge and if you default later you can be sued, the creditor […]

Is the US heading for a new wave of foreclosures?

Atlanta-based mortgage servicer Ocwen Financial is a player in hundreds of thousands of homeowner bankruptcies each year, and for a good reason: Ocwen services mortgages worth over $82 billion. Ocwen’s primary clients are the major mortgage lenders: BNY Mellon, Citibank, Deutsche Bank, HSBC, US Bank, and Wells Fargo. These investors are apparently furious with Ocwen […]

Assets Seized? Exemptions Are Available Without Bankruptcy

Exemptions are available without bankruptcy Sometimes clients need to delay fiiling bankruptcy. This delay may result for a number of reasons, including that you want to let certain taxes become dischargeable, you may want to wait until after the preference period has expired, or for some other timing reasons. Unfortunately, if judgment creditors are seizing […]

Can I File a Maryland Bankruptcy if I’m Current on my Bills?

There’s nothing typical about Maryland bankruptcy cases. Each case is different based upon the client’s income, expenses, assets and debts. Many people have defaulted on their bills for months or even years before they file for bankruptcy. Others struggle from month to month making mimimum payments and have credit scores in the 700s. Whether you’re […]

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