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Mortgage Strategies for the Inexperienced

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25 Responses to “The Truth About Bankruptcy”

1. bankruptcyattorney on 8 Nov 2009 at 1:41 pm #
   
   

   Many more factors to consider. How much do you make? Is it your only source of employment? Are there other people who are living with you that are making money? You should want to file a 7. The question is can you? Feel free to call my office 800-728-3363
2. bankruptcyattorney on 9 Nov 2009 at 4:54 pm #
   
   

   Thank You.
3. DROINDS on 11 Nov 2009 at 3:19 am #
   
   

   Thank you for your video.
   Please help. my credit company have rise my minimum payment form 3 to 5% they refuse to help me. I also have a fourplex bough it for 630K but the property value is upside down, now its workth only 480K I have a first for 500k and 2nd for 130K. should I file for chapter 7 or 13.
   Thank you
   Godbless
4. bankruptcytips on 11 Nov 2009 at 4:02 pm #
   
   

   This is the first time I’ve seen someone answer questions directly with viewers on a regular basis on Youtube. I have to say it’s refreshing and it’s good to see you know your stuff! So many people think it’s the end of their lives when it can also be a time to restock and start again.
5. bankruptcyattorney on 12 Nov 2009 at 6:11 am #
   
   

   Not true
6. flags6262 on 13 Nov 2009 at 10:25 pm #
   
   

   10 years.
7. bankruptcyattorney on 14 Nov 2009 at 11:59 pm #
   
   

   A chapter 7 will stay on your credit report for as long as the credit reporting agency decides to report it. I could be more than 10 years. However, the real question is how long will it count against your credit score. After 4 years there is not much of an affect at all. After 6 months you will start getting credit cards. You can build your credit back up easily. The 4 years is really how long it would take you to be able to qualify for a mortgage.
8. robertfschmidt on 16 Nov 2009 at 5:51 pm #
   
   

   How long does a Ch. 7 stay on your credit report?
9. bankruptcyattorney on 18 Nov 2009 at 6:10 am #
   
   

   I am not exactly sure what you are asking. When you say count against you are you talking about the income threshold to file a chapter 7? If yes then the payments will count against you.
10. dwain1310 on 20 Nov 2009 at 9:07 am #
    
    

    good video,
    if I have a settlement with payments over time from industrial accident and owe a loan (from my lawyer to pay for my insurance premiums ) are any future income payments due me count against me during bankrupsy??? thanks and great video
11. femmepen on 23 Nov 2009 at 11:29 am #
    
    

    Your perspective is refreshing, given the gravity of the topic. I am going to keep your words: A fresh start in mind as I move forward and attempt to save our home and rebuild as everything around us crumbled and strains.

    I was meant to remain standing, not fall under the weight of seemingly overwhelming odds.

    Best Day Ever to You.
    - Annamai
12. CauseAndEffectPost on 26 Nov 2009 at 8:06 am #
    
    

    So now that Obama has borrowed even more than that, what do you have to say? Bush and Obama are both thieves, liars, and warmongers. Don’t be shocked. It’s how you become President in a fascist nation like this one has become.
13. bankruptcyattorney on 29 Nov 2009 at 4:46 pm #
    
    

    The most important thing is how the office is run. The reality is that doing bankruptcies are very much like doing mortgages. It certainly does not take an extremely high level of intelligence. More important is does the person return my calls. Is there someone to speak to when I call. Do I believe this person is organized. Make sure this person is not talking down to you. The attorney should be trying to make your life easier.
14. dawc129964 on 30 Nov 2009 at 12:20 pm #
    
    

    How would you choose a good bankruptcy attorney?
15. bankruptcyattorney on 1 Dec 2009 at 5:20 am #
    
    

    Glad I could help.
16. bagpiper2005 on 1 Dec 2009 at 11:08 am #
    
    

    Thank you for your insights.

    I have over a quarter of a million in outstanding medical bills. Thanks to the advice you’ve given, the decision to file bankruptcy became easy.

    I’m signing my petition this upcoming Monday. Thank you for telling the truth about bankruptcy.
17. Corvettes1984 on 2 Dec 2009 at 2:13 pm #
    
    

    It’s Bush’s fault, he caused all of this!…. According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.
18. SecondStart on 2 Dec 2009 at 6:02 pm #
    
    

    Possibly, It depends on how old the taxes are and other factors. You can reach me at. 800-728-3363 to discuss further.
19. Manongjojo on 2 Dec 2009 at 6:34 pm #
    
    

    is it true you can write off IRS taxes on chapter 7?
20. bankruptcyattorney on 3 Dec 2009 at 6:27 am #
    
    

    Equity in a house what a novel idea.
21. garyclaytonkocher on 3 Dec 2009 at 9:45 am #
    
    

    not really, it depends on if there is any equity in your house and what your state expemptions are. look up bankruptcy abuse prevention and consumer protection act
22. bankruptcyattorney on 6 Dec 2009 at 8:06 am #
    
    

    It is possible. I hope there are other deductions.
23. bankruptcyattorney on 8 Dec 2009 at 10:23 am #
    
    

    Who?
24. bankruptcyattorney on 10 Dec 2009 at 6:19 am #
    
    

    Either you are current on your house or not. If you are current you will keep your house. This means both the first and second mortgage.
25. SilverEspada on 12 Dec 2009 at 2:26 am #
    
    

    WELL SAID BUD!!