BANKRUPTCY LAW

Filing Bankruptcy in 2024

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Sat, 21 Oct 2023 15:48:00 +0000

Things to Do Before Filing Bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Sat, 21 Oct 2023 15:18:00 +0000

Discover the top strategy for bankruptcy success!

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Sat, 21 Oct 2023 15:00:00 +0000

Bankruptcy doesn't have to break the bank!"

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Sat, 21 Oct 2023 14:40:00 +0000

Debt Consolidation vs. Bankruptcy: Exploring Your Options

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:50:00 +0000

Wondering how bankruptcy affects your credit score

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:48:00 +0000

Bankruptcy Forms

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:46:00 +0000

What is the cost of filing for bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:43:00 +0000

How Does Bankruptcy Work?

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:09:00 +0000

Bankruptcy Exemptions

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 20 Oct 2023 15:04:00 +0000

Alimony and Child Support Lawsuits: The Bankruptcy Halt

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:46:00 +0000

Mortgage Arrears and Bankruptcy: Lawsuit Relief.

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:43:00 +0000

Tax Troubles: How Bankruptcy Halts IRS Lawsuits

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:40:00 +0000

Small Business Relief: Bankruptcy and Business Lawsuits

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:35:00 +0000

Student Loan Lawsuits and Bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:31:00 +0000

Auto Repossession Bankruptcy Puts the Brakes on Lawsuits

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:28:00 +0000

Bankruptcy's Magic Wand: Pausing Foreclosure Lawsuits

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:20:00 +0000

2 Medical Debt and Bankruptcy Stopping Lawsuits in Their Tracks

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:07:00 +0000

Bankruptcy The Legal Shield Against Credit Card Lawsuits

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 19 Oct 2023 15:03:00 +0000

Eliminating Tax Debts in Chapter 7 Bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Mon, 23 Jan 2023 16:08:00 +0000

Bankruptcy can wipe out your Tax Debt. Contrary to what you may have heard, bankruptcy can provide relief from the IRS.

Conditions for Discharging Tax Debt

The Tax Debt must be a federal or state income tax
The Tax Debt must be three years old or older
You must have filed a valid tax return
The Tax Debt was assessed more than 240 days ago; and there was no fraud in connection with the tax return

Does Your Tax Debt Qualify for Discharge?

An easy-to-use online tool that reveals when you can file bankruptcy to discharge tax debts is www.taxdischargedeterminator.com.

Solve Your Tax Problems

Bankruptcy can change the playing field when the IRS is being unreasonable. It’s free to chat with me about your options – you can call or text me at 215.551.7109, or drop me a line.

The Power of the Automatic Stay: You can finally sleep at night.

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Tue, 17 Jan 2023 17:21:00 +0000

Has your phone been ringing off the hook with calls from creditors?
Are you looking out the window to make sure your car hasn’t been repossessed?

The Automatic Stay

The mere act of filing bankruptcy can bring all of that to a screeching halt. Creditors and bill collectors MUST cease collection activities the moment they find out you have filed bankruptcy.

What does the automatic stay prohibit?

The automatic stay prohibits:

Sheriff Sales
Foreclosures
Evictions
Wage and bank garnishments
Repossessions
Collection calls

It’s free to chat with me about your options – you can call or text me at 215.551.7109.

Keeping A Car In Bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 13 Jan 2023 17:07:00 +0000

You can keep your car despite filing for bankruptcy. Everyone who files for bankruptcy can use the bankruptcy exemptions to protect their car.

What Are Bankruptcy Exemptions?

Bankruptcy exemptions are laws that protect your property in bankruptcy. Filing for bankruptcy doesn’t mean you have to give up your car. You can combine the wild card exemption and the motor vehicle exemption to protect almost $20,000 of equity in your vehicle.

The Wild Card Exemption

The most important exemption is the “wild card,” as it can be applied to any property. You can use the wild card exemption ($15,425) to protect your car.

The Motor Vehicle Exemption

You can also use the motor vehicle exemption ($4,450) to protect your car. By simply stacking these two exemptions together, you can protect almost $20,000 of equity in your car when you file bankruptcy.

The Bottom Line

Your car is protected. 99% of clients erase their debt and keep their car. It’s free to chat with me about your options – you can call or text me at 215.551.7109.

Keeping A Car In Bankruptcy

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Fri, 13 Jan 2023 15:29:00 +0000

You can keep your car despite filing for bankruptcy. Everyone who files for bankruptcy can use the bankruptcy exemptions to protect their car.

What Are Bankruptcy Exemptions?

The Wild Card Exemption

The most important exemption is the “wild card,” as it can be applied to any property. You can use the wild card exemption ($15,425) to protect your car.

The Motor Vehicle Exemption

The Bottom Line

Your car is protected. 99% of clients erase their debt and keep their car. It’s free to chat with me about your options – you can call or text me at 215.551.7109.

PREDATORY MORTGAGES WITH BALLOON PAYMENTS

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 12 Jan 2023 20:05:00 +0000

PREDATORY MORTGAGES WITH BALLOON PAYMENTS

dunnelawoffices@gmail.com (Stephen M. Dunne, Esq.) — Thu, 12 Jan 2023 17:43:00 +0000

A balloon payment is one very large payment you make at the end of the mortgage loan – typically $10,000 to $30,000. Predatory lenders like balloon payments because they can tell you that your monthly payment is low. Many times these balloon payments are “hidden” in the contract and often catch borrowers by surprise as the balloon balance is owed in full – immediately. Failure to pay it results in foreclosure.

What to do if you can’t afford your balloon mortgage payment

If you can’t afford the lump sum payment, you have three options to consider:

Ask for an extension: Lenders may provide borrowers more time to pay back the balloon payment, so it’s worth requesting an extension.

Refinance your mortgage: You may be able to refinance your mortgage.

File Chapter 13 bankruptcy: In a Chapter 13, you can repay the balloon payment over 5 years and protect your home from any threatened foreclosure.

Example: $30,000 Balloon Payment

If your mortgage accelerated, leaving a $30,000 balloon payment due immediately, you can file a Chapter 13 bankruptcy to stop any threatened foreclosure and propose to pay that $30,000 balloon over 60 months with interest.

The Bottom Line

Only a Chapter 13 bankruptcy can modify the terms of the matured mortgage affording you the option of repaying a balloon payment in 5 years, and preventing any threatened foreclosure. It’s free to chat with me about your options – you can call or text me at 215.551.7109.