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Chapter 13 is a type of bankruptcy for consumers that allows them to make payments on certain debts, restructure others, and discharge some (or all) unsecured, non-priority obligations.

Actually under certain circumstances you can, but you will have to file bankruptcy to do it.  According to 11 U.S.C. Sec. 547(a), a bankruptcy trustee may recover any payment made by a debtor prior to a bankruptcy case’s filing, when it is shown that  the payments were made.

No. A living trust is for financial affairs. A living will is for medical affairs; it lets others know how you feel about life support in case of terminal illness. However, a living will is limited because it deals only with very specific terminal situations and in most cases, it is not legally enforceable.

To refinance a mortgage means to pay off your existing loan and replace it with a new one.

A prospective client came in to see me today. He had taken out a payday loan approximately four years ago (FIRST RULE: Never take out a payday loan.

Hurricane Sandy is a stark reminder that everyone should review their insurance policies from time to time to make sure they are protected from natural disasters.

Read this post to learn more about frequently asked questions regarding living trusts.

At the law office of Robert L. Firth, we are committed to providing quality legal representation to individuals and businesses facing difficult legal challenges.

One of the most powerful features of bankruptcy is the automatic stay which is a court order that protects you from collection actions by creditors.

When  you file for Chapter 7 bankruptcy, you may be able to keep your secured  property if you can pay its current replacement value. Under Section 722 of the bankruptcy code, this process is called “redemption.”