Periodically our office likes to reach out to our clients to give others an idea how the process of filing bankruptcy works with our office. Allowing others to tell their story helps give potential clients a good idea of how a bankruptcy works and may help dispel common misconceptions. We have taken out all identifying… Read more »
Posts By: Scott Skinner
Credit Cards After Bankruptcy
Many of our clients tell us they are never going to open another credit card again once they file for bankruptcy. While this may help prevent them from incurring debt, it is not the best way to rebuild your credit score after you have filed for bankruptcy. In order to rebuild your credit after bankruptcy… Read more »
Bank Accounts and Bankruptcy
Managing your Checking Account in Bankruptcy When individuals are facing financial hardships, they often overdraw their account, bounce checks, or both. If this is a frequent occurrence, the bank or the individual m ay end up closing the bank account. As a result, a person may have trouble opening up a new bank account. The reason for this… Read more »
Bankruptcy and Divorce
Which Should Come First? Bankruptcy or Divorce? Most of our clients do not want to file for bankruptcy. However, a life changing event usually makes bankruptcy the best option to eliminate their debt and start rebuilding their credit. One of the most common life changing events is divorce. Prior to filing for divorce or bankruptcy, it’s important… Read more »
Employee Stock Ownership Plan (ESOP) & Bankruptcy
What is an ESOP? An Employee Stock Ownership Plan (ESOP) is a form of employee ownership. This type of plan gives employees of a company an ownership interest through shares allocated to them. The shares are held in an ESOP trust until the employee retires or leaves the company. An ESOP is a form of… Read more »
Check the Accuracy of Your Credit Report
via the NYTIMES: TransUnion, Equifax and Experian Agree to Overhaul Credit Reporting Practices Over the past few blogs we have talked about ways to clear up your credit history and superficially discussed some of the different things increase your credit score. In order for your credit score to be accurate, it’s important that there are… Read more »
Credit Scores and Renting from Landlords
This is part 3 in a series on how credit scores can impact more than your ability to get a loan. Previously, we discussed insurance and employment. Renting | Your Credit Score affects a lot more than credit Clients often seek our help with their consumer debt issues. We help clients with debt related to… Read more »
Credit Scores and Employment
This is part 2 in a series on how credit scores can impact more than your ability to get a loan. You can find part one, which covers insurance, here. Employment | Your Credit Score Affects a Lot More Than Credit Clients often seek our help with their consumer debt issues. We help clients with… Read more »
Credit Scores and Insurance Rates
Your Credit Score Affects a Lot More Than Credit Clients often seek our help with their consumer debt issues. We help clients with debt related to credit cards, medical bills, foreclosures, garnishments, or repossessions. Often times we find that their best solution is to file for bankruptcy. After this determination, the next question is usually,… Read more »