How to Get a 725 FICO Credit Score after Bankruptcy – Steps to Take
Many of our bankruptcy clients obtain a 725 or higher FICO Credit Score within a year after Bankruptcy when they follow these guidelines. Regulations require you to wait two years after the bankruptcy discharge to get a VA, FHA, or HUD mortgage and three years after a foreclosure. Interestingly, the foreclosure actually has more than […]
How to Reduce Cable TV Telecommunications Costs
One of the pet peeves for our local Bankruptcy Judge Lloyd has is when debtors fail to reduce cable tv telecommunications costs in their budget. In fact, Judge Lloyd rarely approves telecommunications expenses over 5% of household income in Chapter 13 cases. To do so requires an affidavit of necessity and often a hearing on […]
Common Chapter 13 Problems and Issues • Video
Now that you’re well into your Chapter 13 bankruptcy and making your payments on time, there is still information you need to know about common Chapter 13 problems and issues that arise. You also need to know how to deal with these problems. Of course, it’s best to educate yourself as much as possible when […]
Rebuilding Your Credit After Bankruptcy • Video
Most credit scores range between 500 and 700, with a score above 620 necessary for a reasonable rate mortgage. Start rebuilding your credit after bankruptcy by sweeping your credit file and continuing to pay your debts on time. To help you do this, we recommend a couple of services we regularly work with to do […]
Annual Budgets and Tax Refunds in Bankruptcy • Video
There are requirements for submitting annual budgets and tax refunds in some districts such as Louisville, Kentucky. Of course, one of the requirements while in bankruptcy is for debtors to use their best efforts to repay all debts. Interestingly, this requirement is part of a bargain in bankruptcy. Additionally, in Chapter 7 or Chapter 13 […]
Budgets for Chapter 7 and 13 Bankruptcy
Budgets for Chapters 7 and 13 bankruptcy include expenses that are acceptable by the trustees and judges. However, those expenses must make sense for your needs and income. Budgets for a Chapter 7 bankruptcy need to support the conclusion that you have no money left over after your reasonable and necessary expenses to pay a […]
