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Income-Based Repayment on Student Loans
Are you having a hard time making your monthly student loan payments? With an average student loan balance of about $25,000 and an average monthly payment of around $250 per month, many former college students find it hard to get the money together. If you are among those who struggle to pay off the cost […]
July 24, 2012 Posted in Student Loans Tagged income based repayments, student loan debt Leave a comment
Spot Foreclosure Rescue Scams
Most of us learned growing up that taking advantage of people who are struggling or “kicking them when they’re down” is unfair and unethical. However, the sad truth is that plenty of people try to do just that. Many good people whose homes are facing foreclosure are taken advantage of by foreclosure rescue schemers every […]
July 19, 2012 Posted in Debt, Financial Distress, Foreclosure Tagged debt relief scams, debt renegotiation, equity strip, foreclosure scams, lease-buyback, pennsylvania bankruptcy lawyer Leave a comment
Harrisburg’s City Debt on Hold for Bankruptcy Ban
Times have been tough for everyone since the financial crisis nearly five years ago, and inescapable debt has become a fact of life for many people, businesses and even municipalities. Pennsylvania’s capital city of Harrisburg is currently under the specter of bankruptcy. The governor plans to sign a bill extending a bankruptcy filing ban, currently […]
July 17, 2012 Posted in Bankruptcy Tagged bankruptcy, bankruptcy filing ban, debt, Harrisburg, municipal bankruptcy, Pennsylvania Leave a comment
Debt after Death
When Whitney Houston died on February 11, 2012, rumors swirled about the late singer. One of those rumors was that Ms. Houston was broke when she passed away, having run through all the money she earned in the 80s and early 90s. This begs an interesting question. What happens to your debt in death? Does […]
July 12, 2012 Posted in Bankruptcy, Chapter 13, Chapter 7, Debt Leave a comment
Credit Cards and Bankruptcy
With credit cards as easy to get as ever and disruptions to income, such as job loss or serious medical disability, occurring to people every day, it’s no wonder that credit cards make up a large portion of discharged debt in bankruptcy. Here are a few things to note when considering bankruptcy as an option […]
July 10, 2012 Posted in Bankruptcy, Chapter 13, Chapter 7, Credit, Debt Tagged bankruptcy lawyer, credit card balance, filing for bankruptcy, Harold Shepley & Associates, Pennsylvania bankruptcy attorney Leave a comment
What if I Own Joint Debt with Someone Who Files for Bankruptcy?
Bankruptcy can be filed by one spouse without the other. If your spouse files for bankruptcy, it does not automatically bring you into bankruptcy. Similarly, the bankruptcy of a spouse doesn’t give you the protection of automatic stay or bankruptcy debt discharge. Following are some more ways bankruptcy and marriage are related: Joint debt. With […]
July 3, 2012 Posted in Bankruptcy, Chapter 13, Chapter 7, Uncategorized Tagged bankruptcy lawyer, Harold Shepley & Associates, joint debt, joint property, Pennsylvania bankruptcy attorney Leave a comment
How Do I Pay for My Bankruptcy Attorney?
It may seem counter-intuitive, but it’s a fact – filing for bankruptcy and hiring a bankruptcy attorney costs money. But how do you get that money if you are filing for bankruptcy? Aren’t you filing for bankruptcy because you have no money to spare? Just because you are lacking in funds doesn’t mean you shouldn’t […]
June 26, 2012 Posted in Bankruptcy, Free Consultation, Mortgage Modification Tagged chapter 13, chapter 7 bankruptcy, debt settlement, financial distress, Harold Shepley & Associates Leave a comment
Bankruptcy Filings Fell in 2011
The year 2011 saw an 11.7% drop in bankruptcy filings from 2010, according to a year-end study from Epiq Systems. In 2010, 1,561,008 people filed for bankruptcy, while in 2011 that number dropped to 1,379,113. About 70% of the filings are Chapter 7, which allow individuals to discharge their debts completely (if they pass a […]
June 21, 2012 Posted in Chapter 7, Financial Distress, Free Consultation Tagged chapter 7, filing for bankruptcy, financial distress, pennsylvania bankruptcy lawyer Leave a comment
Warren Sapp Files for Bankruptcy
Former NFL star Warren Sapp recently filed for bankruptcy, owing more than $6.7 million to creditors and back child support and alimony. Sapp has filed for Chapter 7 bankruptcy in Florida. Telling reporters, “Do you think I wanted to declare bankruptcy? It was either this or go to jail. Those were my choices,” Sapp blames […]
June 19, 2012 Posted in Bankruptcy, Chapter 7, Free Consultation Tagged bankruptcy lawyer in PA, chapter 7 bankruptcy, filed for bankruptcy, financial dis, Harold Shepley Leave a comment
Bankruptcy Court Filing Fees Raised in November
This past November, with little fanfare, bankruptcy court filing fees increased. The Judicial Conference of the United States Bankruptcy Court voted to increase several bankruptcy court filing fees. For consumers, the increase primarily affects us in terms of filing for bankruptcy. Here are the new filing fees, which went into effect in November, 2011: Chapter […]
June 14, 2012 Posted in Bankruptcy, Chapter 13, Chapter 7 Tagged automatic stay, debt relief options, financial distress, Harold Shepley & Associates Leave a comment
