Consumer Alerts

How soon would I be eligible for a mortgage after bankruptcy ?

Posted on July 17, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Reorganization of Debts | Tags: , |

This question is often asked and really is hard to determine, as it really depends on which mortgage company you are dealing with and how they look at your bankruptcy, whether it be a Chapter 7 or Chapter 13.

In an article published by HSH.com , Julie Flatland, vice president of credit in the mortgage lending division of Carrington Mortgage Services in Santa Ana, California, is interviewed and provides some insight into this question that is often asked of bankruptcy attorneys by their clients, but never really answered.

Ms. Flatland provides some distinctions between Chapter 7 and Chapter 13 and how they can have different effects on the ability to be eligible for a mortgage after bankruptcy. She also provides four guidelines, or steps, to follow to improve your chances for qualifying for a mortgage.

All in all, her article confirms what I have generally always told my clients, and that is that obtaining mortgages and other debt after bankruptcy is usually possible, but is always dependent on your financial activities after bankruptcy and also which creditor is considering you for credit. As a general rule, our experience has been that bankruptcy does not totally destroy your ability to get credit in the future.

Click here to read the full article by hsh.com

If you have questions about bankruptcy, give us a call. The first appointment with us is free and there is no obligation. We might be able to help.

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Bankruptcy is Forgiveness of Debt: A Principle as Old as the Bible

Posted on June 12, 2018. Filed under: Chapter 7 Bankruptcy, Consumer Alerts | Tags: , |

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“At the end of every seventh year you are to cancel the debts of those who owe you money. This is how it is to be done. Everyone who has lent money is to cancel the debt; he must not try to collect the money: the Lord himself has declared the debt canceled.”
-Deuteronomy 15:1-3

If you think bankruptcy can help you,  give us a call today for a free, no obligation consultation.

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We are here to help !

Posted on May 25, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney | Tags: , , , |

 

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Here at Kentucky  Bankruptcy Attorney John Rogers,  we are a consumer bankruptcy law firm helping persons and businesses with their financial situation.  If you believe we can be of assistance to you, please contact us today at johnrogers@glasgow-ky.com  or toll-free at 1-888-651-9353 and put our experience to work for you.  We offer a free first meeting with no obligation.

We are located in Glasgow, Kentucky at 111 West Wayne Street, one block off of the Square in Glasgow.  Glasgow is conveniently located on the Louie B. Nunn Cumberland Parkway, for those traveling from west or east of Glasgow

We are Certified, Consumer Bankruptcy Law, American Board of Certification… one of the few attorneys in Kentucky so certified www.abcworld.org

We are an active member of the National Association of Consumer Bankruptcy Attorneys, serving as Kentucky State Chair of this organization. www.nacba.com

We are also have been designated a debt relief agency by Congress and the United States Supreme Court and we provide legal assistance to consumers seeking relief under the Bankruptcy Code.

Also, be sure to check out our other website adress of www.bankruptcy.ky for more information on filing bankruptcy and Kentucky Bankruptcy  Attorney John Rogers.

 

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Kentucky Consumer Alert !!!

Posted on May 25, 2018. Filed under: Consumer Alerts | Tags: |

Federal Medicare will soon be mailing out new cards to Kentucky  recipients that will no longer have the social security number but will be replaced by a 14 digit I.D. number.  Be on the lookout for your new card.

The Kentucky Attorney General is reporting in a press release that scammers may be taking advantage of this change and calling consumers and requesting personal information over the phone.

The Attorney General says in the press release about  this scam that Medicare will never call and request this information,  so if you receive such a call, hang up and report it to law enforcement.

You can read the full press release at this link: Kentucky Attorney General Press Release

 

 

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Are your bills a burden ?

Posted on May 17, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney | Tags: , , , |

If you are looking at your debt today and feel that it is a burden to your life, give us a call here at Kentucky Bankruptcy Attorney John Rogers and we will be happy to schedule you a free, no obligation appointment to meet with you and discuss your options for resolving these issues. You are not alone. We are here to help and are ready to put our many years of experience to work for you. Kentucky Bankruptcy Attorney John Rogers is Board Certified in Consumer Bankruptcy Law by the American Board of Certification. Give us a call today at 1-888-651-9353 or email us at johnrogers@glasgow-ky.com

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How does Chapter 13 work? Who can file a Chapter 13 case?

Posted on May 3, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: |

Debtors in Chapter 13 keep all of their property, whether or not it is exempt, but they make regular payments on their debts out of the money that they earn after filing the bankruptcy case. These payments must be at least as much as would have been paid to creditors in a Chapter 7 case. The payments are made to a trustee, who distributes the payments to the creditors. The payments are made in regular installments, according to a plan that the debtor draws up (usually with the help of an attorney). The plans last either until the debts are paid in full or until the end of a three to five year period. The debtor receives a discharge at the end of the plan. Before filing Chapter 13, debtors are required to complete a credit counseling session with an approved counseling agency.

A Chapter 13 case can be filed by most consumer debtors. There are two principal requirements: First, the debtor must have regular income, although this need not be from a job—regular benefit payments or rental income would qualify. Second, the debtor must not have excessive debt. Chapter 13 is available only to debtors who DO NOT owe more than a certain amount in secured debt (like home mortgages and auto loans), and no more than a certain amount in unsecured debt (like most credit card and medical debt). Your attorney can review these amounts with you.

We are available to discuss your bankruptcy  options at any time. Maybe Chapter 13 is the best for you, maybe Chapter 7.  The first discussion with us in the office is free and there is no obligation. Call Kentucky Bankruptcy Attorney John Rogers today.

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Facebook and Bankruptcy

Posted on April 18, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: , |

In order to provide as much information to folks in as many formats as possible, we have two Facebook pages that offer this outreach and we also offer occasional  posts on those pages with information about consumer finance issues and other financial topics of interest. You may want to check out these pages:

John Rogers, Attorney at Law

Rogers Law Consumer Help Center

We are solely determined to offer the finest in advice and representation to folks who may need to consider bankruptcy for help. With almost 30 years of experience in this area, we strive to assist folks with their options at the lowest cost available.

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Bankruptcy: A Protection Unique to the United States

Posted on March 14, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: |

Although several countries have bankruptcy laws of one variety or another, most are designed to assist businesses in financial trouble. The United States is unique in that it is one of very few that have a bankruptcy system designed to assist the consumer debtor.

The New York Times has a recent article describing the horrors of a country without such a bankruptcy law to act as a safety net for the honest, but unfortunate debtor. The article describes how one Afghani man owed a debt that almost required him to sell his 6 year old daughter in marriage to the creditor when he could not repay the debt.  Thankfully at the last minute, someone paid his debt for him averting disaster.  But how many times in Afghanistan and other countries do debts go unpaid and a child is lost ?  The man had originally borrowed the money to pay for medical bills.

Let us be thankful that we live in a society that allows the honest but unfortunate person to be protected from such evils as described in this article, or other evils such as debtor prisons or involuntary servitude to the creditor.

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Bankruptcy and What You Own and Want to Keep

Posted on March 6, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: , |

 

If you decide that filing for bankruptcy protection is in your best interest, you want to keep as much of your property as you can, while at the same time obtaining relief from your debts.  Without an experienced bankruptcy lawyer guiding you through the bankruptcy process, your property and the discharge of your debts may be at risk.  Our firm believes that the best way to represent you is to personally know you, your situation, and your reason for considering bankruptcy.

 

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Even George Washington Had Creditors Hounding Him

Posted on February 28, 2018. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: |

That’s right,  as far back as 1764, before the founding of the United States of America, our future first President and founding father George Washington was hounded by creditors.

In writing to one of his creditors, he said:

“… it is but an irksome thing to a free mind to be any ways                                     hampered in debt.”

In other words, he was saying if you have debt you can’t pay,  you will never be free from worry, possibly  harming your health and your ability to care for your family.

Quite possibly, and most historians agree, this is why our founding fathers placed in our Constitution the ability for Congress to pass laws allowing for bankruptcy. In a break from the past, our founders wanted citizens of the new United States to be able to get a fresh start, should that be needed and justified.

So,  if debt is a worry and concern to you,  you  are not alone … George Washington suffered with it as well, and because he did, he and his compatriots gave you the right to get a fresh start.

Don’t jeopardize your health and your family.   If you  think you need to consider bankruptcy, contact an experienced bankruptcy lawyer today.

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