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Many times during the life of a Chapter 13 case, one of my clients will call and tell me they want a hardship discharge because they cannot make their Chapter 13 payments any longer.  Here are the requirements to qualify to seek a hardship application in Chapter 13 bankru

During my initial consultations with people facing financial problems, I get this question quite frequently. It’s usually accompanied by a rather anxious look on their face. Since going to court is a more or less normal thing for me, I have to remember that for my clients it is a source of worry and even dread.

This is not a very popular subject, but it is one that is important to the recipients of SSA disability benefits, their spouses and children.

If you have obtained a loan at a finance company it is important to understand that in a bankruptcy some of the items pledged (items listed that you did not use the money borrowed to purchase but that you told the creditor about so they could list them as collateral) can be avoided or protected under Bankruptcy Law.  These items are:

Part of the process of filing for Bankruptcy relief is disclosing to the Court a list of the names and addresses of all your creditors.  In addition the Court also requires that you disclose the amount that you owe to each creditor.  However, your creditors have an opportunity to assert that they are owed a different amount.

When you are facing the possibility of filing a bankruptcy it is of utmost importance that you understand that there are pros and cons with filing any type of bankruptcy.

How important is being completely forthcoming about your finances and debt when you meet with an attorney to discuss Chapter 7 bankruptcy and Chapter 13 debt consolidation?

Many homeowners are not aware they may be eligible for a Home Loan Modification. There are various programs, some offered by government entities, that are available to homeowners seeking a home loan modification, but the most common avenue for obtaining a home loan modification is through the existing mortgage company.

The answer is maybe? But, the solution could be a Chapter 11. Why? Mortgage lenders have been delaying foreclosures for many months and even years for many people. As a result, the arrearages (the amount you’re behind on your mortgage) can be a lot of money.

The Financial Hardship Scholarship is one of the most exciting annual events for the legal professionals at Bond & Botes, because it promotes both future legal professionals and the financial responsibility that the firm stands for.