by Chris Ebert | Jun 11, 2012 | General
“A verbal contract isn’t worth the paper it’s written on” – Samuel Goldwyn Are you breathing a sigh of relief because the moneylender promised to give you a break? One court recently held that a moneylender is not bound by an oral promise that it makes. Always...
by Chris Ebert | May 29, 2012 | General
A sluggish job market means increased personal debt. Jobless consumers are obviously affected, but even those with jobs may find their wages frozen. The situation will probably not improve anytime soon. Maybe your family, or someone you know, is facing mounting...
by Chris Ebert | Apr 26, 2012 | General
1. You are more than 1 month behind on your rent To take full advantage of bankruptcy laws and the automatic stay, you need to file for bankruptcy (either Chapter 7 or Chapter 13) before the landlord files an eviction suit. If a lawsuit is filed, the landlord may be...
by Chris Ebert | Apr 18, 2012 | General
The conventional wisdom is that paying down your debt is a good idea all of the time. In fact, paying down debt is only a good idea some of the time. Before you commit your hard-earned cash to debt reduction, ask yourself a few questions: 1. Have I considered...
by Chris Ebert | Apr 12, 2012 | General
A lesson from the foreclosure crisis is that a moneylender may be lying when it says it owns a debt. That lesson has been applied to bankruptcy proofs of claim. A proof of claim is a document that a moneylender files in a Chapter 7 or Chapter 13 bankruptcy. A form...
