The Bankruptcy Code allows a debtor to “avoid” a judicial lien to the extent it impairs a debtor’s exemption in their property. For example, suppose you own a house in Buncombe County worth $150,000, and have a mortgage with a principal balance of $115,000. That means you have $35,000 in equity. If a credit card…
According to Mark Vitner, a senior economist at Wells Fargo: “Housing is going to remain dead in the water through the middle of [2011] … As foreclosures come back on the market, that will put downward pressure on prices.” There are several reasons housing in 2011 is predicted to be either flat or down. First,…
Yes, a bankruptcy filing can be made by one spouse without the other. Doing so means the non-filing spouse’s assets do not get examined by the trustee or court. It also means the non-filing spouse does not get the full protection of the automatic stay or the bankruptcy discharge. A key question in determining whether…
Here is a short video describing some healthy financial habits that improve not only the amount of money in your wallet, but also the quality of your life. I can help with #5!
It’s not always easy to rearrange your schedule, find babysitters, and search for a lawyer’s office in the midst of a busy day. For the month of January, I am offering free telephone consultations for clients who have resolved to get back on the right track financially, but have trouble finding the time or desire…