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July 2016 Archives

How can an automatic stay stop harassing creditors?

If you are buried beneath excessive amounts of medical, credit card and other types of debt, you may find it hard to keep up with your monthly payments. After some time, even the minimum payment can become overwhelming. It may not be long before creditors start calling, prompting you to make your payments or face unsightly fees, increased interest rates and other consequences. You may find yourself dodging creditor calls, letters and other attempts at reaching you. One of the benefits of filing for bankruptcy in Washington DC is that it can stop harassing creditors from contacting you.

Debtor education and credit counseling 101

When people make the decision to file for bankruptcy in Washington D.C., they are required to take credit counseling and debtor education courses that have been approved by the United States Trustee Program. These mandatory classes help debtors understand the implications of filing for bankruptcy, as well as how people can manage their money in a way that will reduce their risk of falling into the same financial situation.

Protecting your family heirlooms from bankruptcy in D.C.

Bankruptcy presents a way for you to build a new financial base for yourself. Many people walk into our Ammerman & Goldberg Bankruptcy Law Office with the belief that they have to give up everything they own when they file for a Chapter 7 bankruptcy. However, in Washington, D.C., you can keep items that fall under the classification of family heirloom.

Chapter 13 bankruptcy and income requirements

There are a couple of choices that people in Washington, D.C., have when it comes to filing for bankruptcy protection. One of these choices is to file Chapter 13, which is also referred to as reorganization, according to NerdWallet, but it does have some restrictions, especially concerning income.

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