Blog Posts in May, 2010
Posted on May 31, 2010 By Jacoby & Jacoby
According to an article on Time.com, banks, have decided to reduce their overdraft fees in hopes that more people will pay and not dispute them. Click here to read the story. Are you over your head in ...
Continue reading "Banks Reduce Overdraft Charges: Smaller Fees Better Than No Fees At All" »
Posted on May 28, 2010 By Jacoby & Jacoby
No, you cannot remove a bankruptcy from your credit report early. A Chapter 7 bankruptcy can appear on your credit report for 10 years while a Chapter 13 bankruptcy will appear for seven years. ...
Continue reading "Can a Bankruptcy Ever be Removed from my Credit Report?" »
Posted on May 27, 2010 By Jacoby & Jacoby
The first-time home buyer tax credit program launched last year recently came to a close. We came across this article on CNBC.com that goes over the disappointing results. Click here to read the story ...
Continue reading "First Time Home Buyer Tax Credit Disappoints " »
Posted on May 26, 2010 By Jacoby & Jacoby
Every debtor is required to appear at a creditors' meeting conducted by a trustee who asks the debtor questions about the debtor's financial condition and gives creditors the opportunity to do the ...
Continue reading "Watch Me Wednesday: Creditors' Meetings" »
Posted on May 25, 2010 By Jacoby & Jacoby
That's OK! You don't want your case to be dismissed. What bankruptcy filers typically seek is called a "discharge" of their case and its associated debts. There are big differences between a dismissal ...
Continue reading "What Happens If My Bankruptcy Case Is Not Dismissed?" »
Posted on May 24, 2010 By Jacoby & Jacoby
According to an article on USAToday.com, new debit and credit card laws will save consumers $5 billion this year. Click here to read the story . Are you over your head in credit card debt? Contact us ...
Continue reading "Credit Card Overhaul Cuts Bank Fees by $5 Billion" »
Posted on May 21, 2010 By Jacoby & Jacoby
Yes, filing either a Chapter 7 or Chapter 13 bankruptcy will result in an unfreezing of your bank accounts once the bank receives all of the paperwork. Filing for bankruptcy will also stop any wage ...
Continue reading "Can Filing Bankruptcy Immediately Unfreeze my Bank Account?" »
Posted on May 20, 2010 By Jacoby & Jacoby
Have you been rejected for a credit card, car loan or store charge card in the past and wondered why? An amendment making its way to becoming a bill in senate will help consumers by providing them ...
Continue reading "Senate Votes To Provide Credit Scores to Consumers" »
Posted on May 19, 2010 By Jacoby & Jacoby
In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.
Continue reading "Watch Me Wednesday: Court Hearings" »
Posted on May 18, 2010 By Jacoby & Jacoby
The quick answer is NO! Nothing good can come from doing this. If you owe money to family and friends, and pay them back, the courts will find out and take the money back to pay your creditors. If you ...
Continue reading "Can I Sell Anything I Own Prior to a Bankruptcy?" »
Posted on May 17, 2010 By Jacoby & Jacoby
Looking to purchase a new home? It's important that you have good credit! We recently came across this article in the NYTimes.com with great tips to cleaning up your credit and wanted to share it with ...
Continue reading "5 Tips for Cleaning Up Your Credit to Buy a Home" »
Posted on May 14, 2010 By Jacoby & Jacoby
Anyone who is filing for bankruptcy will be required to list all of their assets. An asset is anything you own. Assets include: Investments - stocks, bonds, certificates of deposits, mutual funds, and ...
Continue reading "What Would be Considered an Asset in a Bankruptcy?" »
Posted on May 13, 2010 By Jacoby & Jacoby
Did you know there are ways to get a better deal from your cable company? We came across this great article NYTimes.com and wanted to share it with our readers. Click here to read the story. Can your ...
Continue reading "Get a Better Deal from your Cable Company" »
Posted on May 12, 2010 By Jacoby & Jacoby
Every debtor is required to appear at a creditors' meeting conducted by a trustee who asks the debtor questions about the debtor's financial condition and gives creditors the opportunity to do the ...
Continue reading "Watch Me Wednesday: Creditors' Meetings " »
Posted on May 11, 2010 By Jacoby & Jacoby
A financial hardship occurs when a personal economic situation that makes it difficult to meet your financial obligations. Some examples of economic hardship are job loss, an illness or death in the ...
Continue reading "What is a Financial Hardship?" »
Posted on May 10, 2010 By Jacoby & Jacoby
Sick of outrageous fees and crazy bills from your cell phone carrier? We came across this great article NYTimes.com on negotiating your cell phone bills and wanted to share it with our readers. Click ...
Continue reading "How to Negotiate with Your Cell Phone Company" »
Posted on May 7, 2010 By Jacoby & Jacoby
Yes, a 1099 subcontractor can have wages garnished, with no exemptions. This means that the entire check can be taken up to what is owed by the contractor at that time. However, a garnishment order on ...
Continue reading "Can a 1099 Subcontractor Have Wages Garnished?" »
Posted on May 6, 2010 By Jacoby & Jacoby
Trying to become a homeowner? The big obstacle can be the down payment. We came across this list of useful tips on NYTimes.com and wanted to share it with our readers. Click here to read the story . ...
Continue reading "5 Tips for Saving for a Down Payment on a Home" »
Posted on May 5, 2010 By Jacoby & Jacoby
In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents. Contact us online or call the Law Offices of Jacoby & ...
Continue reading "Watch Me Wednesday: Filing for Bankruptcy " »
Posted on May 4, 2010 By Jacoby & Jacoby
According to the Federal Trade Commission 's Identity Theft Awareness site, the three most important steps to avoid identity theft are to Deter, Detect and Defend. Deter Identity Theft The first step ...
Continue reading "How Can I Protect Myself From Identity Theft?" »
Posted on May 3, 2010 By Jacoby & Jacoby
We recently came across an article in The Daily News about life after bankruptcy. It has some useful information and we thought we would share it with our readers. You can read the article here. Are ...
Continue reading "There is Life After Bankruptcy" »