Author Archives for sperling

What are non-dischargeable debts in bankruptcy?

May 20, 2014 7:41 am Published by Leave your thoughts

In bankruptcy law a a discharge is a release of personal liability of a debtor from certain debts.  A bankruptcy discharge varies depending on the type of bankruptcy being filed (Chapter 7,11,12,13). There are certain debts that can never be discharged.  You will still owe on these debts. These non-dischargeable debts include . . . Unscheduled debts – This means...


What is the difference between Chapter 7 and Chapter 13 Bankruptcy?

May 13, 2014 2:07 pm Published by Leave your thoughts

Many people considering bankruptcy need clarifications about what their options are before filing with the courts.  Depending upon your income and level of debt owed you will want to weigh whether you will qualify for a Chapter 7 Bankruptcy – sometimes called Liquidation or a Chapter 13 Bankruptcy – sometimes called an Adjustment of Debts.  Let’s look at the basic...


Seniors and Bankruptcy

May 6, 2014 5:04 pm Published by Leave your thoughts

Debt problems can effect people at all ages.  Failing pensions, rising cost of health care and the general weakness of the economy can cause the financial “perfect storm” – especially for the elderly.  Seniors should be enjoying their golden years but unfortunately unforeseen circumstances can lead many to consider filing for bankruptcy.  Always discuss your situation with a qualified bankruptcy...


Does bankruptcy save your home from forclosure?

April 22, 2014 1:09 pm Published by Leave your thoughts

If you are facing foreclosure, bankruptcy might be able to help, but is by no means a permanent fix to the problem.  In many cases a Chapter 7 Bankruptcy may delay the foreclosure and allow for a lump sum pay back.  Others may be able to save their home by filing a Chapter 13 Bankruptcy that allows for a payment...


What are the benefits and caveats of credit counseling?

April 15, 2014 9:28 am Published by Leave your thoughts

If you find yourself in debt or trouble managing your finances then selecting the right credit counselor is vital. Credit counselors can be a great help to you and your family but unfortunately some organizations may be more interested in their bottom line than your personal finances.  Choosing the right one can change your financial future. The benefits of Credit...


How Do I Stop Debt Collection Phone Calls?

April 8, 2014 9:31 am Published by Leave your thoughts

Phone calls from creditors can be overwhelming and harassing especially if they are calling you at home, work and at relative’s homes.  Some creditors will handle their own collections but yet others farm out the job to third-party collection companies.  As a consumer you have the right to end all contact with debt collectors.  The Fair Debt Collection Practices Act...