When potential clients come into my office for a free consultation, they are usually concerned about two things: whether bankruptcy will get rid of their debts and how long will it take to re-establish their credit. Bankruptcy will get rid of most debts, except: child support and alimony obligations, certain back taxes, student loans, loans obtained by…Read more
Why Aren’t Payments On My Car Or Home Loan Showing Up On My Credit Report After I Filed Bankruptcy?
One of the things that I talk about at almost every consultation is the issue of reaffirming debts in Chapter 7 bankruptcy. Reaffirmation typically comes up only in relation to secured debts. Examples of secured debts are car loans and mortgages. There are two elements to a secured debt. The first is the promissory note.…Read more