One of the worst ways to hurt one of your creditors is by being nice to him, her, or it. Specifically, if you pay a creditor more than you are paying to your other creditors before you file your bankruptcy, then that “favored” creditor may be required to give back that extra money so that […]
Don’t underestimate the power of bankruptcy’s automatic stay. That’s the federal law that stops your creditors from pursuing you, your money, and your possessions at the moment your case is filed. In a couple of my recent blogs, I told you about the relatively rare situations in which the automatic stay does not apply—situations in […]
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