1.3 Million long term unemployed to lose unemployment benefits December 28, 2013

Our current congress has once again entered the history books. They have managed to do less than any other congress in this nation’s history. And, this at a time when action is really needed to get the economy going.

The latest is allowing unemployment benefits to expire for the long term unemployed. There is a excellent article on this at:

http://www.motherjones.com/mojo/2013/12/unemployment-benefits-expiring-budget-deal

If you have any questions on this, or other debt issues, please contact our Fresno Bankruptcy Attorneys at The Law Office of Timothy C. Springer. You can reach us at (559) 225-3622 to find out more about the bankruptcy process as it pertains to your situation.

If you surrender your home in Bankruptcy, how long can you stay?

 According to a post on Bankruptcy Law Network:

"Even if you choose to surrender your home as part of your Chapter 7, the automatic stay provision of the Bankruptcy Code still protects you, at least temporarily. At some point in the near future, the mortgage company will file a motion in bankruptcy court called a Motion for Relief from Stay in which they ask the Judge to lift the automatic stay so that they can pursue their state law remedies."

To schedule a free consultation on Chapter 7 or Chapter 13 Bankruptcy please contact our Fresno Bankruptcy Attorneys at (559) 225-3622 or toll free at 877-776-4529. Visit the website for FAQs.



Original Article written by Jonathan Ginsberg, Esq.

Bankruptcy Statistics

According to Best Case Scenarios Magazine Fall 2013 edition:

-Three in Five bankruptcies are due to medical bills.
- Nearly 10M American adults (19-64) will be unable to pay for basic necessities like rent, food and heat due to medical bills.
- 2012 saw a 13% decline in Consumer Bankruptcy from 2011
- January and June of 2013 saw a 13% decline from the same period in 2012.
- The 13% decline is estimated to continue throughout 2013.


For more information or answers to your bankruptcy questions contact our Fresno Bankruptcy Attorneys today for a free initial consultation! The Law Office of Timothy C. Springer, toll free (877) 776-4529, is waiting to hear from you. 

Original article

Federal Taxes and Bankrutpcy

 If you owe Federal taxes you may be able to include them in a Bankruptcy. It is important that you get the facts on how to proceed before making any decisions. Some examples of necessary preparations according the the IRS are as follows:

• You must file all required tax returns for tax periods ending within four years of your bankruptcy filing.
• During your bankruptcy you must continue to file, or get an extension of time to file, all required returns.
• During your bankruptcy case you should pay all current taxes as they come due.
• Failure to file returns and/or pay current taxes during your bankruptcy may result in your case being dismissed.

 If this is an issue that you face please feel free to contact our Fresno Bankruptcy Attorneys
 at 877-776-4529 for more information and to set up a free consultation.

Original Article

60 Minutes Report: Is your Credit Report Accurate?

Steve Kroft of 60 Minutes gave an excellent report on how the average consumer is being damaged by credit reporting agencies. The National Association of Consumer Advocates, (NACA) has a full transcript posted of the story. To see it click here:

http://www.naca.net/news/60-minutes-report-40-million-mistakes-your-credit-report-accurate

In my practice I receive a considerable amount of inquiries about problems on credit reports. This report does an excellent job of answering many questions, and gives further information to follow up on.

If you have questions as to whether bankruptcy would help your situation, contact our Fresno Bankruptcy Attorneys at 1-877-776-4529 or visit our website at www.fresnoforeclosurelawyer.com. 

The Fork in the Road, August 14th, 2012

             Everyday good people realize they are in bad situations. Situations that were neither intended nor desired and in fact most individuals still wish to make good on their debt. However, there is a point that each one of those good people come to a fork in the road. Do they borrow from retirement (or make some other impractical decision) to pay that past due credit card bill or do they call a bankruptcy attorney and get information? According to US Courts.gov, 1,410,653 people in 2011 realized they were in a bad situation and not only called for information but took advantage of bankruptcy to help them out from under the black cloud of debt. You can find information for free, once you take that money away from retirement, it cannot be undone. Call and get information, ask the attorney if it's the right time for you to stop making drastic decisions to pay back that debt, stop living in the unknown and get a fresh start without those things looming over your daily life. I have not seen a client enter a bankruptcy office who wants to be there but the fact is we all come to a point where we need the help of a knowledgeable professional and the best choice you can make for yourself and your family, is the choice to ask for help. It was stated by Trezza & Associates perfectly, "Making this decision (Bankruptcy) at the right time can save you years of struggle, frustration, and poverty." 

Call today for information on how you too, can get a fresh start and avoid dragging out a difficult situation.




 For information regarding the right time to file for your situation, contact our Fresno Bankruptcy Attorneys at 1-877-776-4529 or visit our website at www.fresnoforeclosurelawyer.com. 


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How to Borrow After Bankruptcy

1) Before you borrow or taking a loan or getting a new credit card, establish your budget. Establish a household budget and include money for retirement and savings in addition to the money for the loan.
2) Take a prepaid credit card. These cards are not unsecured but secured, by an amount that you will put down towards the card. According to allmandlaw.com, these cards are reported to the credit reporting agencies exactly like the unsecured kind without the threat of the unending debt cycle.
3) Know what to provide to lenders. Taking your proof of income and budget information (to show you can pay) will generally be enough for lenders to approve you.
Whatever you do, be smart about your purchases and watch those balances. Use the free tools presented during your bankruptcy counseling courses to help establish yourself again.

For more information or answers to your questions contact our Fresno Bankruptcy Attorneys today for a free initial consultation! The Law Office of Timothy C. Springer, toll free (877) 776-4529, is waiting to hear from you. 

Original article