bci

To rebuild credit after bankruptcy, it may be easier than you think. Most of my clients have some sort of new credit within a year or so after their case is over. Here are 5 tips to rebuild credit: 1.  Get a “secured” credit card.  This is where you put money in an account and

These calls can drive anyone crazy! They start first thing in the morning and can last until late in the evening.  The callers often say the same things over and over again: “When can you send money?”   “Why don’t you sell this or do that?” Or even more threatening: “If you don’t send money by

Your credit score is often called your “FICO” score.  FICO is actually a private company, so it doesn’t share its formula (or algorithm).  It tries to keep most of it secret so it can sell its scores to credit agencies and others.  Nevertheless, it does let some general information out, which is what I’m going

With a few exceptions, most people are eligible to file bankruptcy again 8 years from when their prior Chapter 7 Bankruptcy was filed.  (And, again, every 8 years!)  If you’re not sure, we have access to the National Bankruptcy Court Data Base, and can easily check on your dates for you.  Just give us a

The FHA has issued new rules allowing borrowers to qualify for a mortgage only one year after having had to file bankruptcy.  This is just another example that the “stigma” surrounding that word: “bankruptcy” has disappeared. In an open letter by the Commissioner of the FHA, Carol Galante states that this unusual period of time

Not only are there practically a million people a year who have to file bankruptcy, not only do you probably (statistically) know many who have – though they may not have just come out and told you (even if you know them very well), and not only is it as common as divorce these days…

These calls can drive anyone crazy! They start first thing in the morning and can last until late in the evening.  The callers often say the same things over and over again: “When can you send money?”   “Why don’t you sell this or do that?” Or even more threatening: “If you don’t send money by

I’m Peter Blinn.  I’ve practiced law for over 30 years.  My focus has always been to help people financially, to eliminate or manage debts.  My primary goal is to give people or families a more workable monthly budget, get or keep a good credit rating, protect against legal actions, and show that there is a

Many people these days have to, or choose to, go through the foreclosure process.  A common question is whether bankruptcy is needed also.  In short, the answer is “Yes,” as I’ll explain. There can be many reasons for a foreclosure.  Of course, due to a loss of income for any reason, or a jump in

These are each different chapters (as in a book) in the Bankruptcy Code.  When possible, Chapter 7 is ALWAYS preferable.  It’s quicker, cheaper, easier, and much more common than Chapter 13.  The only time it’s not possible is for someone with a very high income (the Code wants a partial repayment plan – Chapter 13