Self-sabotage, even the most disciplined of us fall into it.  But self-sabotage in your bankruptcy case can have long-term ramifications for the second chance that bankruptcy offers debtors.  Below are five ways that debtors sabotage their bankruptcy case and by extension their financial future:

Failing to go through the credit counseling requirements before filing bankruptcy.  Failing …

Author: Reed Allmand

Category: Bankruptcy , Bankruptcy Dismissal , Bankruptcy Fraud , Filing Bankruptcy

Tags: Hiding Assets Honesty Requirements Self-Sabotage

Permalink: /bankruptcy_dismissal/5-ways-to-sabotage-your-bankruptcy-case/

Social Services worker Melanie Cholewinski could face federal charges for bankruptcy fraud because she failed to disclose more than $91,000 that she allegedly stole from a public financial assistance fund.

A 20-count felony theft complaint last week accused Cholewinski, 36, of using her job with the Clark County Social Service Department to unlawfully funnel $91,235 in financial assistance …

Author: Reed Allmand

Category: Bankruptcy , Bankruptcy Fraud , Managing Your Finances

Tags: Bankruptcy Bankruptcy Fraud Illegal Reporting Income

Permalink: /bankruptcy/bankruptcy-debtors-must-report-all-income-even-if-earned-illegally/

The U.S. Department of the Treasury has announced that it will launch a new pilot program that will give unbanked and underbanked Americans access to safe, low-cost financial accounts.

“Far too often, unbanked and underbanked Americans are forced to turn to high-cost alternative financial products – such as check-cashing and other services – that take a big bite out of the savings of …

Author: Reed Allmand

Category: Credit Crisis , Economy , Managing Your Finances

Tags: Check Cashing Pilot Program U.S. Department of Treasury

Permalink: /credit-crisis/pilot-program-for-unbanked-and-underbanked-americans-coming-in-2011/

Nearly one in 10 American households with a mortgage are behind on their payments, according the Mortgage Bankers Association. And nearly 38 percent of those facing foreclosure reported a significant decline in their physical and/or mental health according to some reports released by county public health departments around the nation.  Unfortunately, many homeowners facing foreclosure do …

Author: Reed Allmand

Category: Bankruptcy , Foreclosures , Loans / Mortgages , Managing Your Finances

Tags: Anxiety foreclosure Health Stress

Permalink: /foreclosures/4-signs-that-foreclosure-is-destroying-you-health/

Today’s technological advances make it possible for all of us to do many things online that would have been impossible in the past.  But while it may be “cool” to stay in touch with relatives via email and social networking, there are some things you simply don’t want to do online and without the help of a professional, such as filing bankruptcy.  Filing bankruptcy online is just …

Author: Reed Allmand

Category: Bankruptcy , Filing Bankruptcy , Managing Your Finances

Tags: Do-It-Yourself Filing Bankruptcy Online Bankruptcy

Permalink: /filing_bankruptcy/three-reasons-why-an-online-bankruptcy-filing-could-cost-you/

With $11 million in tax debt and accusations of hiding assets from the IRS, Teresa and Joe Giudice are now being accused of bankruptcy fraud and the bankruptcy trustee Roberta A. DeAngelis is asking that their Chapter 7 bankruptcy discharge be denied.

DeAngelis accuses the couple of filing schedules and statements they knew were “not true and correct” and making numerous false oaths …

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Author: Reed Allmand

Category: Bankruptcy Fraud , Chapter 7 Bankruptcy , High-Profile Bankruptcies , Tax - Debt Garnishments

Tags: Bankruptcy Fraud Accusations Chapter 7 Bankruptcy Hiding Assets Tax Debts

Permalink: /chapter_7_bankruptcy/bankruptcy-trustee-moves-to-deny-%e2%80%9creal-housewives-of-new-jersey%e2%80%9d-star%e2%80%99s-discharge/

Bogus lawsuits designed to avoid foreclosure will not work. This needs to be said first, foremost and often because too many desperate and vulnerable homeowners facing foreclosure are falling prey to “debtor predators” who leech off of the deeply indebted just to make a profit.   This is what happened to 2,000 homeowners who were conned by attorney Mitchell Roth, who claimed he could …

Comment author: Tony Orlando

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Comment author URL: http://www.expertforeclosurehelper.com

Author: Reed Allmand

Category: Foreclosures , Lawsuits , Managing Your Finances , Subprime Mortgages

Tags: Foreclosures Judgments Lawsuits Pedators

Permalink: /foreclosures/facing-foreclosure-don%e2%80%99t-let-this-happen-to-you/

After suffering through an IRS raid on his home, Rapper Young Buck, (real name: David Darnell Brown) has filed Chapter 13 bankruptcy and will repay $750,000 out of the $1 million he owes creditors.

Among Young Buck’s debts are $33,100 owed on a 2009 Cadillac Escalade and about $700,000 on two mortgages. There’s also the IRS (owed about $300,000 for several years’ worth of unpaid …

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Author: Reed Allmand

Category: Bankruptcy , High-Profile Bankruptcies , Tax - Debt Garnishments

Tags: David "Young Buck" Brown Rapper Unpaid Taxes

Permalink: /tax_debt_garnishments/rapper-young-buck-enters-chapter-13-bankruptcy-and-learns-powerful-lesson/

Bankruptcy Judge Kevin Carey has called for a nonbinding mediation process weeks after Tribune bankruptcy negotiations collapsed and the debtor’s reorganization plan was rejected.  The mediation process was requested by Tribune Co.

The move comes after a company-sponsored reorganization plan unraveled several weeks ago in the wake of an independent examiner’s report that criticized …

Author: Reed Allmand

Category: Bankruptcy , Chapter 11 Bankruptcy , High-Profile Bankruptcies , Lawsuits

Tags: Nonbinding Mediation Reorganization Plan The Tribune Company

Permalink: /lawsuits/stalled-tribune-bankruptcy-enters-nonbinding-mediation/

Bankruptcy Trustee Diana G. Adams moved to dismiss the bankruptcy cases of several debtors after they failed to meet the credit counseling requirement as defined in the bankruptcy code.  But Bankruptcy Judge Charles Brieant refused to accept the dismissals and instead moved to “strike” the bankruptcy petitions which would allow the debtors to still have the protection of bankruptcy’s …

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Author: Reed Allmand

Category: Bankruptcy , Credit Counseling , bankruptcy law

Tags: Bankruptcy Judges Court Ruling Credit Counseling

Permalink: /bankruptcy/court-ruling-gives-bankruptcy-judges-more-leeway-regarding-credit-counseling-requirement/

Many debtors use debt consolidation in an attempt to repay creditors after their finances spin out of control.  But in many cases debt consolidation fails to help debtors repay their creditors and get on their feet.   Many debtors waste money in debt consolidation schemes and eventually end up filing bankruptcy after years of avoiding it, here’s why:

Creditors are not required to play …

Comment author: Free Samples

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Author: Reed Allmand

Category: Chapter 13 Bankruptcy , Chapter 7 Bankruptcy , Debt Consolidation , Filing Bankruptcy

Tags: Chapter 13 Bankruptcy Conversion to Chapter 7 debt consolidation

Permalink: /chapter_7_bankruptcy/why-debt-consolidation-fails-where-chapter-13-bankruptcy-succeeds/

Donovan Lindhorst was placed in an involuntary bankruptcy in October 2007, but he didn’t plan on allowing authorities to access to all of his assets.  According to bankruptcy judge, Lindhorst hid gold, silver and his ownership of a vintage pickup truck in an effort to defraud the bankruptcy system.

Federal prosecutors said 69-year-old Donovan Lindhorst of Gresham had about $82,000 in …

Author: Reed Allmand

Category: Bankruptcy , Bankruptcy Fraud , Economy

Tags: Bankruptcy Donovan Lindhorst Hiding Assets

Permalink: /bankruptcy/man-found-hoarding-gold-and-silver-pleads-guilty-to-bankruptcy-fraud/