Factors that determine credit scores
Posted on November 15, 2009 under Blog, Credit.
- Payment History
- Outstanding Credit balances
- Credit History
- Type of Credit
- Inquiries
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What types of income do I have to include in my bankruptcy?
Posted on November 2, 2009 under Bankruptcy, Blog.
ALL income.
Examples:
- Rental Income
- Business Income
- Investment Income
- Child Support, Alimony, and Maintenance
- Gambling Winnings
- Pensions and Retirement Income
- Individual Retirement Account (IRA) Withdrawals
- Life Insurance Policy Withdrawals
- Money received through Inheritance
- Social Security / SSDI Benefits
- Disability Payments
- Unemployment Insurance Proceeds
- Workman’s Compensation
- Food Stamps or Welfare
- Annuity payments
- Regular Contributions from others in the household
- Payment on Notes and Mortgages you own
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What is replacement value?
Posted on October 28, 2009 under Bankruptcy, Blog.
Replacement value means the price a retail merchant would charge taking into account age and condition of property.
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Can I keep a Credit Card out of my Bankruptcy?
Posted on October 26, 2009 under Bankruptcy, Blog.
Many clients ask me if they can keep their favorite credit card out of bankruptcy for an emergency. You can keep a zero balance credit card out of bankruptcy. It however will most likely be cancelled. The credit card companies usually find out about the bankruptcy and cancel your card.
