While most people understand that bankruptcy may extinguish many types of unsecured financial obligations or permit a debtor to repay debts through a 3 or 5 year payment plan, the value of bankruptcy as an asset protection tool is often ignored.  One reason many debtors do not consider the value of bankruptcy as an asset [...]

During your Chapter 7 bankruptcy, you may hear the trustee or your own attorney say, “Secured property must be paid for or returned.” If you have a debt that is secured by a lien on property, you must make arrangements to pay the creditor or surrender the property. That is the general rule, but its [...]

In times of serious financial needs, people usually opt for loans – be it auto loans to buy a car or any other financial assistance. Most of the loan providers that people can turn to always want to pull up your credit report and evaluate your credit score. This is the only way to determine [...]

Media personality Tom Martino, also known as “The Troubleshooter,” has filed a Chapter 7 bankruptcy petition in the U.S. Bankruptcy Court in Denver.  The filing lists $78.6 million in debt and $1.37 million in assets. Martino hosts consumer-advocacy radio and television shows.  He cites failed business real estate projects, failing banks, and the recession as [...]

A recent study conducted by economists at Columbia University, the University of Chicago, and Washington University in St. Louis found that bankruptcy filings increase after tax refunds are received. According to this study, the total number of bankruptcy cases increased seven percent in 2008 after debtors received their tax refunds. This research confirms what consumer [...]

A bad credit score is one of the major impediments when looking for an urgent cash to finance the purchase of your dream car. Most banks may reject your application if they realize that you have a bad credit score. A car pawn loan is among the types of easy car loans that can help [...]

The West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A. would like to announced that this Saturday is South Florida’s annual Susan G. Komen Race for the Cure in West Palm Beach.  Two weeks ago, the Royal Park Bridge was lit in pink to recognize the coming two weeks of events supporting the Susan [...]