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Tag Archives: Bankruptcy
Myth No. 7: If you file for Bankruptcy, you will never be able to get any new credit for anything.
You can get credit after you file for bankruptcy. It takes time to re-establish credit, but you can if you want to get credit. I say ” if you want to get credit” because it is a very tempting to start … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 7, credit, Kevin Gipson, new orleans bankruptcy attorney, New Orleans Bankrutpcy Lawyer
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Bankruptcy Myth No. 6: You can no longer stop a foreclosure by filing for Bankruptcy.
The bankruptcy myth that you can no longer stop a foreclosure proceeding by filing for bankruptcy is simply no true! Both a Chapter 7 bankruptcy and a Chapter 13 bankruptcy will stop a foreclosure, but with different long term results. … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 7, creditor, foreclosure, lift stay, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Plan, stay
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They Went Broke Too! Jasmine Guy.
Jasmine Guy, best known for her role as Whitley Gilbert in the late 80’s, early 90’s TV series, A Different World, has filed for Chapter 13 bankruptcy. The bankruptcy results in part from financial problems following a recent divorce. A … Continue reading
Posted in Bankruptcy
Tagged A Different World, Bankruptcy, Chapter 13, Jasmine Guy, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Whitley Gilbert
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They Went Broke Too! William Jefferson
Recently convicted U.S. Representative William “Bill” Jefferson, has filed for Chapter 7 bankruptcy protection along with his wife. The bankruptcy was filed on August 27, 2009 in the Bankruptcy Court for the Eastern District of Louisiana, which is the bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 7, Eastern District of Louisiana, F. Edward Hebert Federal Building, Meeting of Creditors, New Orleans, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Representative William "Bill" Jefferson
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Myth No. 3: Credit Card Debts Can No Longer Be Discharged In A Bankruptcy.
One of the misconceptions some clients have is that credit card debts can no longer be discharged in a Bankruptcy. This myth comes from changes in the Bankruptcy Code from when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Bankruptcy Abuse Prevention and Consumer Protection Act, BAPCPA, Chapter 13, Chapter 7, credit card, debt
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Myth No. 1: You Can No Longer File For Bankruptcy.
Since the bankruptcy laws were changed in October of 2005 I have had several clients that were told they could no longer file for Bankruptcy. This is simply untrue, but with almost four years since the changes in the bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, BAPCPA, debt collector, free inital consultation, free initial consultation, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
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Myths About Bankruptcy!
I am often surprised by some of the misconceptions that people have about bankruptcy. Below are some of the more common bankrutpcy myths that I have heard: You can no longer file for Bankruptcy. You can only file for Bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Myths, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Senators Landrieu And Vitter Vote To Reject Mortgage Cram Down Bill!
Louisiana Senator Mary Landrieu and Senator David Vitter both voted today to reject the Helping Families Save Their Homes Act of 2009. This bill would have permitted bankruptcy judges to modify home mortgages to allow families to keep their homes. … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Helping Families Save Their Homes Act of 2009, Louisiana, Mary Landrieu, mortgage modification authority, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Senator, Senator David Vitter
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Can I Keep My Car If I File For Bankruptcy?
Will you be able to keep your car if you file for bankruptcy in Louisiana? In most cases, the answer is yes! First, in any bankruptcy proceeding, the debtor can keep the items of property that he owns that are … Continue reading
Posted in Bankruptcy, Louisiana
Tagged Bankruptcy, car, collateral mortgage, exempt, lien, Louisiana, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, seizure, vehicle
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What Is A Chapter 13 Bankruptcy?
A Chapter 13 Bankruptcy is generally used by a debtor who is behind on payment of a secured debt such as a mortgage or a car note. The debtor using a Chapter 7 bankruptcy creates a payment plan to catch up on … Continue reading