Law Office of Eddy Hsu
Articles
After Bankruptcy, Credit Repair is Your Job
Submitted By: Eddy Hsu On: Apr 13th 2010
Category: credit after bankruptcy, After Bankruptcy
After filing bankruptcy, many people wonder what happens next. In fact, there is no fanfare when a bankruptcy is completed. Debtors just receive a letter from the Court stating that their debts...
Bankruptcy Courts Allow You to Keep More Property in 2010
Submitted By: Eddy Hsu On: Mar 31st 2010
Category: bankruptcy exemptions, Exemptions
Contrary to popular belief, filing for bankruptcy will not mean losing all of your personal belongings. Bankruptcy filers, called debtors, can "exempt" belongings from creditors. The amount varies from...
Bank of America Launches a Loan Modification Program
Submitted By: Eddy Hsu On: Mar 24th 2010
Category: bank of america, loan modification, Loan Modification
Bank of America just launched a pilot program designed to lower the actual principal of mortgages for homeowners whose homes are underwater. This program is different than the one...
Lower Incomes Make Chapter 7 Bankruptcy Harder to File
Submitted By: Eddy Hsu On: Mar 11th 2010
Category: chapter 7 bankruptcy rules, chapter 7 means test, Chapter 7
A key test to qualify for a Chapter 7 Bankruptcy is the “means test.” Basically, a person or couple who want a Chapter 7 Bankruptcy needs to pass the means test or have income below a certain leve
Suspension of Large Debt Settlement Company Shows Flaw in the Plan
Submitted By: Eddy Hsu On: Mar 9th 2010
Category: debt settlement, Debt Relief
Ever heard of Allegro Law debt settlement company? You won’t anymore because an Alabama Court shut it down. Allegro Who? Allegro Law LLC offered debt settlement...
Preparing for the 341 Meeting of Creditors
Submitted By: Eddy Hsu On: Feb 25th 2010
Category: Filing for Bankruptcy, California
Generally, the 341 Meeting of Creditors is a required meeting between the debtor and the Trustee to “review” the assets in the Bankruptcy Petition. The good news is that Judge won’t be present...
Obama Announces Another TARP Housing Program
Submitted By: Eddy Hsu On: Feb 20th 2010
Category: foreclosure avoidance, foreclosure defense, tarp, Foreclosure Defense
On February 29, 1010, President Obama announced another $1.5 billion dollars will be allocated to 5 states to help with the dropping housing prices. The program has been...
Can I Buy a Car or Refinance During Bankruptcy?
Submitted By: Eddy Hsu On: Feb 18th 2010
Category: bankruptcy 2nd mortgages, bankruptcy and foreclosure, buy a car during bankruptcy, refinancing during bankruptcy, Bankruptcy Planning
There are certain dos and don’ts for a debtor regarding cars and houses during a bankruptcy. After the Petition is filed and before the final discharge, debtors are severely restricted...
Alternatives to Foreclosure for Citi Mortgage Customers
Submitted By: Eddy Hsu On: Feb 12th 2010
Category: bankruptcy and foreclosure, foreclosure defense, Foreclosure Defense
What if you could live in your house for 6 months and get $1,000.00 to move instead of a foreclosure? Sounds too good to be true? Not so for certain homeowners living...
Bankruptcy and Divorce: Which Comes First?
Submitted By: Eddy Hsu On: Feb 4th 2010
Category: bankruptcy and divorce, Bankruptcy Planning
If you contemplating bankruptcy and divorce, then timing is critical. This article only helps if neither one of you has filed for divorce or bankruptcy yet. If you are in a divorce...