Our clients often comment to us, “I never thought this would happen to me.” Well, just who does bankruptcy happen to? The stigma of bankruptcy has caused many false concerns and unnecessary speculation. As we all know, life can take unexpected turns. Job loss, divorce, sickness, and failed business ventures occur at the most inopportune times and can send our finances into a tailspin. It’s important (now more than ever) to realize that bankruptcy isn’t exclusive to the poorest ofRead more
Government and lender mortgage modification programs have resulted in little success at helping people permanently modify home loans. Many debtors tell of lenders losing paperwork, not responding to inquiries, misunderstanding modification program requirements and offering modifications that do little to respond to their needs. There are options available to people facing foreclosure. Some debtors have successfully challenged a foreclosure based on improper servicing by the lender. Others have used Chapter 13 bankruptcy to cure mortgage loan defaults and perhaps stripRead more
Most people in debt are, at least initially, resistant to filing bankruptcy. Filing chapter 7 or chapter 13 is sometimes viewed as taking the easy way out, or looked at as a good way to ruin credit scores, or as a moral failing to be avoided. These feelings, combined with the inability to pay debts, result in a great deal of stress. The fact is that people do have pride, and no one wants to file bankruptcy if it canRead more
Did you know some of our clients have the cost of their bankruptcy case paid for with damages they receive from their creditors? It can happen. There are several situations that can arise before, during and after a bankruptcy has been filed that can result in compensating you for a creditor’s unlawful actions. Below are some examples of how the Nancy L. Thompson Law Office PC has gotten damages for our clients after their bankruptcy was filed: Stay violation: creditorsRead more
Source: 2015: Tax Season Reminders
Source: Bad Paper: what creditors don’t want you to know.