Bankruptcy Reform Law Causes Mortgage Default to Rise?
A new study by the National Bureau of Economic Research suggests that the 2005 bankruptcy reform law added to the housing crisis 200,000...
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Robert Weed
- May 16, 2010
- 2 min
File bankruptcy? Or pay $1,134,164 for $7,783 credit card
Maureen O’Malley, a leading bankruptcy lawyer in Herndon, Va, sent me this credit card disclosure. It shows it will take $1.1 million...
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Robert Weed
- May 13, 2010
- 2 min
Abusive Debt Collectors: The Lies They Tell
For most people facing the prospect of filing for bankruptcy, it seems that nothing is more stressful than getting behind on your debts....
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Robert Weed
- May 11, 2010
- 1 min
One of my bankruptcy clients stopped me in the grocery store
One of my bankruptcy clients from 2007 stopped me in the grocery store just now, as a I was out buying lunch. He just wanted to tell me...
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Robert Weed
- May 3, 2010
- 2 min
At the bankruptcy attorneys convention, what I learned
Attorney Leigh Faugust and I just got back from the annual convention of the National Association of Consumer Bankruptcy Attorneys. We...
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Robert Weed
- Apr 30, 2010
- 2 min
Navy Federal takes money from children
Last month, Navy Federal emptied out the savings account where 14 year old Tammy (not her real name) saved the money she made baby...
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Robert Weed
- Apr 26, 2010
- 1 min
Filing Bankruptcy to Save Security Clearance
Someone came to me today and we are filing her bankruptcy tomorrow–we hope to save her security clearance and her job. This lady...
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Robert Weed
- Apr 26, 2010
- 1 min
If I file bankruptcy, can I still get a mortgage modification?
Important new regulations issued by the Obama administration say two very important things for people struggling with their debts and...
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Robert Weed
- Apr 8, 2010
- 1 min
Before filing bankruptcy, get your money out of Wachovia
I just found out that when you file bankruptcy, Wachovia will freeze your accounts. That’s even if you don’t owe them any money. So if...
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Robert Weed
- Apr 4, 2010
- 8 min
Warrant In Debt – What You Need To Know
Warrant In Debt A warrant in debt is what they call it in Virginia when a creditor is suing you in General District Court. Warrant makes...
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Robert Weed
- Mar 25, 2010
- 4 min
After bankruptcy what if I don’t pay my second mortgage?
After chapter 7 bankruptcy, I often advise my clients, just don’t pay the second mortgage. Now, if you don’t file bankruptcy and stop...
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Robert Weed
- Mar 9, 2010
- 2 min
After bankruptcy, what's this from Weltman, Weinberg & Reis? Or Bass and Associates
If you buy furniture, appliances or jewelry on store credit, they have a right to get it back after your bankruptcy is over. (Unless you...
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Robert Weed
- Feb 27, 2010
- 3 min
I quit paying–how long after bankruptcy can I keep my house?
Some people file bankruptcy just before the foreclosure . They have given up trying to keep the house–just can’t afford it. They want...
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Robert Weed
- Feb 23, 2010
- 4 min
Your credit report after bankruptcy
<h2>Your credit report after bankruptcy</h2> Getting back to good credit is one of the three big reasons to file Chapter 7 bankruptcy. ...
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Robert Weed
- Feb 18, 2010
- 7 min
Can bankruptcy help with my student loans?
If you read the law, it says we can get rid of the student loans in bankruptcy if we can show “undue hardship.” “Undue hardship” doesn’t...
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Robert Weed
- Feb 3, 2010
- 2 min
Bankruptcy, foreclosure, 1099-A and 1099-C
You don’t need to worry about getting a 1099-A. If the bank took over your house in a foreclosure, either before or after filing a...
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Robert Weed
- Jan 28, 2010
- 1 min
After foreclosure, do mortgage companies keep trying to collect?
Many people ask me what happens if they walk away from the house and don’t file bankruptcy. Do the big banks and mortgage companies...
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Robert Weed
- Jan 21, 2010
- 2 min
The bankruptcy cram-down and the Massachusetts election
Today’s New York Times blames the Democratic defeat in the Massachusetts Senate election, in part on the failure of the Obama...
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Robert Weed
- Jan 8, 2010
- 2 min
Bankruptcy Outlook for 2010
New Years There were 10,634 bankruptcy cases filed in the Alexandria bankruptcy court in 2009. That broke the record of 9,769 set in...
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