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Monthly Archives: December 2013

The Role of the Bankruptcy Trustee

December 31, 2013 | Posted in Bankruptcy

After filing for bankruptcy, a bankruptcy trustee will be assigned to oversee your case. The bankruptcy trustee is in charge of providing an objective, third-party view of the case and is appointed with overseeing the process. Your Dayton bankruptcy lawyer will be dealing directly with the trustee throughout your case. Duties and Responsibilities The bankruptcy […]

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Discharging Tax Debt

December 26, 2013 | Posted in Taxes

‘Can I discharge my tax debt’ is one of the most popular questions people ask regarding bankruptcy. In 2012 alone, 1.1 million Americans filed for bankruptcy, and many of these individuals found themselves in this situation because of an inability to pay off tax debts. But the real question is, ‘can bankruptcy actually help my […]

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Debt Negotiation: What to Know

December 24, 2013 | Posted in Debt

When facing debt, the constant barrage of creditors calling and collectors visiting can become too much for one person to handle. There may come a time when it is actually helpful to flip the tables and call your creditors instead. By doing this, you can pursue debt negotiation with the hopes of reaching a debt […]

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Medical Debt: Is Bankruptcy the Answer?

December 19, 2013 | Posted in Medical Bills

With the rising cost of healthcare, expensive hospital stays and medical bills can corner people into compromising financial situations. Medical debt has been an increasingly difficult problem for many people, but the good news is that there are ways out. If your medical debt is severe, and you cannot settle the debt with your creditors, […]

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Benefits and Drawbacks of Chapter 13

December 17, 2013 | Posted in Chapter 13

Filing for Chapter 13 Dayton bankruptcy can have tremendous benefits for your finances. Depending on your situation, a repayment plan under Chapter 13 can be a real boon, enabling you to get caught up on all your arrearages while ensuring you are able to make all required payments going forward, and discharging your remaining unsecured […]

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Options for Your Underwater Mortgage

December 12, 2013 | Posted in Mortgage

Although the numbers are steadily decreasing across the country, many homes and homeowners are faced with underwater mortgages. For those who don’t know, an underwater mortgage is a mortgage in which more is owed than the current value of the home. During the housing market crisis, large numbers of homes went underwater due to plummeting […]

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Detroit Debt Decision Makes History

December 9, 2013 | Posted in News

After more than four months of court hearings, discussions, and debates, Detroit, Michigan has become the largest city in the U.S. to ever enter into Chapter 9 bankruptcy. Judge Steven Rhodes, the presiding judge over the case, gave a 90 minute summary of his ruling, a lengthy address that was quite indicative of the extensive […]

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