Bankruptcy Questions Answered

Is The United States Bankrupt? The Dellutri Law Group Offers A Free Consultation.

Is the United States Bankrupt? Yea probably, but it doesn't seem to know it just yet. We are running deficits every year with no end in sight, and the national debt continues to escalate.

Normal people would have pulled their hair out by now. Normal people would have said enough is enough. Normal people would have changed their spending habits when the money was gone. However, this small cash flow issue does not seem to bother our Government, as they continue to spend, spend, spend. Who was the last person or corporation that spent themselves into prosperity? Go ahead think about it.

It is at this time that I must re-iterate my offer to the United States Government. As a responsible citizen, business owner and bankruptcy attorney, I will gladly provide a free consultation to the United States Government, just like I do to all of my consumer clients. I am extending this offer because I think this Great Country is bleeding cash, and we need to stop the wasting of resources in this Country.

I am willing to sit down with the President, Tim Geithner and anyone else. I will even provide a beer for the president, as he may need it when I tell him that Air Force One will probably be sold at a Bankruptcy Trustee's auction.

At this free consultation we can discuss the Government's debt problems and how a bankruptcy can lead the way to a fresh financial start.

I could go on and on, but I think you get the point.

August Bankruptcy Filings Down 8% From July But Still On Record Pace

Historically, August bankruptcy filings are usually less than July. This July we saw an 8% drop in consumer bankruptcy filings across the nation. This statistic does not mean that we are in a recovery, and please don't assume anything than it is just a number.

Overall, across the United States, consumer bankruptcy filings are still high and are near the 2005 mark. In 2005, Congress overhauled the bankruptcy laws to protect consumers. Yea, thanks guys, after seeing what a job they did on the bankruptcy code, I can't wait to see how the health care system works. I mean you guys run Social Security, Medicare, Fannie Mae, Freddie Mac, the Post Office and most recently took on Wall Street. I'm convinced that we have nothing to fear.

Mark Brunnell Answers Questions About His Bankruptcy

Mark Brunnell is a debtor in a Chapter 11 bankruptcy. I don't mean that in a derogatory way. I mean that he is in the process of using the bankruptcy laws and rules to reorganize his sizeable debts. He made a name for himself as a professional football player. Now, as a sign that no-one is immune from this economy, he is trying to reorganize his debts and move on with his life. Mr. Brunnell is currently trying to make the roster of the New York Jets. Good Luck to him.

As a debtor in bankrutpcy, Mr. Brunnell must answer questions about his assets and liabilities. He must also prepare a chapter 11 plan of reorganization and a disclosure statement which will detail how he intends to deal with his creditors.

Straight Up Show: Episode 3 - Got debt?

Tags: Bankruptcy Court, Episode Three, Hock, Martini, Money

Bankruptcy Debt-Legal Helpers bankruptcy lawyers

Tags: Bankruptcy Lawyers, Consumers, Legal Helpers Bankruptcy

The Cost Of Bankruptcy Keeps Increasing

As a consumer bankruptcy attorney, I see first hand how the bankruptcy code and bankruptcy rules play out in the courtroom and creditor's meetings on a daily basis. It seems to me that a great deal of unnecessary costs (administrative and non-administrative) are being placed upon individuals filing for bankruptcy protection.

According to one study from the American Bankruptcy Institute Law Review, the costs of bankruptcy of increased since the bankruptcy law changed in 2005. The article found that consumer debtors filing for Chapter 7 and Chapter 13 protection in the years after 2005’s Bankruptcy Code overhaul (BAPCPA) face costs up to 55% higher than those who filed in 2003 and 2004.

Personal Bankruptcy Will Get You Relief To All That Debt

Tags: 10 Years, Assets, Credit Report, File Bankruptcy, Marital Stress

How to Steer Clear of Car Loan Scams

As consumers continue to struggle under the weight of a lagging economy, many Americans are trying to refinance their car loans.

Unfortunately, scammers have taken notice and are increasingly trying to bilk people of their hard earned cash. According to Rosemary Shahan, the president of Consumers for Auto Reliability and Safety, car loan scams are a “problem just about everywhere.”

Shahan recognizes that many people are able to refinance their car loans, but warns that “the way to do it isn’t to go to these companies who are out there advertising, ‘We can miraculously get you out of this excruciatingly bad deal.”

A recent article from MarketWatch provides some tips aimed at helping you avoid car loan scams:

• Choose wisely: If you want to refinance your loan, don’t opt for a group that heavily advertises its miraculous refinancing abilities. Instead, choose a safer organization, like a credit union or nonprofits like the Consumer Federation of America, or the National Foundation for Credit Counseling.
• Speak with your lender: Since no lender wants to go unpaid, they are often willing to work with you to adjust your payment plan. According to the Better Business Bureau, lenders will often assist you by stretching your payments over a longer period of time.
• Get it on paper: If a loan reduction company offers you any promises, make sure to get them in writing. Other things to get in writing include the services they will provide, the costs of those services, and promised money-back guarantees.
• Do your homework: Your local Better Business Bureau likely offers reports that reveal how many complaints have been filed against a particular lender and whether that company has been the subject of any lawsuits.
• Shy away from up-front fees: If a company demands that you pay large fees before they provide any services, they may be violating state law. Many states have outlawed this kind of behavior. Even if up-front fees are legal in your state, the practice could still be a scam.

An Alternative to Refinancing

If you cannot make your car payments, but are reluctant to adjust the terms of your loan, there are alternative steps you can take to ease your financial pain.

One helpful alternative may be to simply sell your car. Sources indicate that use-car prices are pretty high right now since last year’s cash-for-clunkers program removed a lot of used cars from the market.

So, you may be able to sell your current car and purchase a cheaper one with more reasonable payment terms.

If, however, your car loan is the least of your financial problems, and you need someone to talk to about your struggles, consider calling a personal bankruptcy lawyer.

How to get out of debt in 12 months or less- no matter what

Tags: 12 Months, Debt Consolidation, Debt Freedom, How To Get Out Of Debt, Loans Bad Credit

3 Simple Ways To Avoid Bankruptcy - Debt Consolidation

Tags: Bankruptcy Alternatives, Bankruptcy Debt Consolidation, Financial Difficulties, Financial Pressures, Ways To Avoid Bankruptcy