Monthly Archives: September 2009

Bankruptcy Myth No. 6: You can no longer stop a foreclosure by filing for Bankruptcy.

The bankruptcy myth that you can no longer stop a foreclosure proceeding by filing for bankruptcy is simply no true!    Both a Chapter 7 bankruptcy and a Chapter 13 bankruptcy will stop a foreclosure, but with different long term results. … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , , | Leave a comment

They Went Broke Too! Jasmine Guy.

Jasmine Guy, best known for her role as Whitley Gilbert in the late 80’s, early 90’s TV series,  A Different World,  has filed for Chapter 13 bankruptcy. The bankruptcy results in part from financial problems following a recent divorce. A … Continue reading

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

They Went Broke Too! William Jefferson

Recently convicted U.S. Representative William “Bill” Jefferson, has filed for Chapter 7 bankruptcy protection along with his wife.  The bankruptcy was filed on August 27, 2009 in the Bankruptcy Court for the Eastern District of Louisiana, which is the bankruptcy … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , | Leave a comment

Myth No. 5: The Bankruptcy Court will take all of your property if you file.

One of the biggest misconceptions about bankrputcy is that the Banruptcy Court will take your house, car and belongings when you file and sell them to pay your creditors. The truth is that most people who file for bankruptcy keep … Continue reading

Posted in Bankruptcy | Tagged , | Leave a comment