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Credit and Debt

If you ain't got no money, ain't nobody calls you honey. — Bo Diddley

  • Credit Scores - A complete, but concise, illustrated tutorial about credit scores, especially the FICO score, and how to raise them.
  • New Developments in Credit, Debt, and Credit Scoring - Explains new developments and new factors being used to determine credit scores and creditworthiness.
  • Credit-Based Insurance Scores - How credit information is used to determine the insurance premiums charged to consumers.
  • New Credit Card Rules - A Summary of the Credit CARD Act Of 2009 (Credit Card Accountability Responsibility And Disclosure Act Of 2009)
  • Alternative Credit Bureaus - How to build credit even if you have no credit record.
  • Tenant Screening - A tutorial about the use of tenant screening companies by landlords and property managers to select whom to rent to.
  • Foreclosure
  • Real Estate Short Sales - How to avoid foreclosure and bankruptcy by selling your property through a short sale.
  • Consumer Credit Blog
  • Credit, Debt, And Bankruptcy Resources

Topics

  • Cross Collateral Clause

Debt Collection

Creditors have better memories than debtors. — Benjamin Franklin

  • Prejudgment Remedies: General Principles, Attachment
  • Other Prejudgment Remedies: Prejudgment Garnishment, Replevin, Lis Pendens, Receivership, Court Injunctions
  • Execution and Levy
  • Judgment Liens
  • Garnishment
  • Statutory Proceedings in Aid of Execution
  • Fraudulent Transfers
  • State Insolvency Proceedings: Compositions And Extensions (Workouts), Assignment For The Benefit Of Creditors (ABC)

Debt and Taxes

I've got all the money I'll ever need if I die by four o'clock this afternoon. — Henny Youngman

  • Taxation of Canceled Debt - Taxes may be due on the canceled debt in a foreclosure or a short sale. This article explains what canceled debt is taxable, how to figure the tax, and how to possibly avoid it.

Bankruptcy

Money is better than poverty, if only for financial reasons. — Woody Allen

  • The Benefit Of Bankruptcy To Society
  • A Quick Overview Of Bankruptcy For Consumers
  • Credit Availability and Credit Scores After Bankruptcy
  • Bankruptcy Law Public Policies
  • Bankruptcy Law Sources
  • Bankruptcy Research

Bankruptcy Fundamentals

I have enough money to last me the rest of my life, unless I buy something. — Jackie Mason

  • Bankruptcy Requires Good Faith
  • Bankruptcy Participants: Debtor, Creditors, Case and Standing Trustees, United States Trustee, and Bankruptcy Judges
  • The Bankruptcy Trustee
  • Debt Relief Agencies
  • Bankruptcy Petition Preparers
  • Bankruptcy Lawyers
  • Bankruptcy Petition - The Start of Bankruptcy
  • Bankruptcy Estate
  • Joint Petitions; Joint Administration And Consolidation Of Bankruptcy Cases Of Closely Related Debtors
  • Automatic Stay
  • Relief From Automatic Stay
  • Creditors Meeting
  • Filing And Responding To Motions
  • Secured Debts In Bankruptcy
  • Cramdowns - Paying for Secured Debt Under Chapter 13, 12, and 11
  • The Proof And Allowance Of Claims In Bankruptcy
  • Priority Rules In Bankruptcy
  • Domestic Support Obligations (DSO) Under Bankruptcy
  • Taxes In Bankruptcy: Their Priorities And Dischargeability
  • Executory Contracts and Unexpired Leases
  • Executory Contracts: Rejection
  • Executory Contracts: Assumption and Assignment
  • Bankruptcy Dismissal
  • Bankruptcy Discharge
  • Nondischargeable Debts in Bankruptcy
  • Bankruptcy Chapter Conversion

Pre-Bankruptcy Period

  • Preferences
  • Preference Safe Harbors
  • Setoffs and Recoupments

Special Topics

Though it has oft been said that money can't buy happiness, it can certainly prevent a lot of unhappiness. — wcs

  • Foreclosure and Bankruptcy
  • Chapter 12 Bankruptcy Overview
  • Chapter 20 Bankruptcy
  • Chapter 9-Municipality Bankruptcy
  • Chapter 15 Bankruptcy Overview
  • Chapter 7 and Chapter 13 Bankruptcy — Comparison of Benefits and Drawbacks
  • Comparison of Chapter 11, Chapter 12, and Chapter 13 Bankruptcy for Individual Debtors

Chapter 7 Bankruptcy

I'm living so far beyond my income that we may almost be said to be living apart. — e.e. cummings

  • Who Qualifies for Chapter 7 Bankruptcy?
  • Chapter 7 Overview And The Creditors Meeting
  • Bankruptcy Planning
  • The Means Test In Bankruptcy—Is There A Presumption Of Abuse?
  • Credit Counseling and Debtor Education (Personal Financial Management Course)
  • Chapter 7 Bankruptcy Estate
  • State and Federal Exemptions in a Chapter 7 Bankruptcy
  • Residency Requirements for Exemptions
  • Claiming Exemptions Using Schedule C - Property Claimed as Exempt
  • Can Bankruptcy Prevent An Eviction For A Renter?
  • Will the Trustee Sell Your Home in a Chapter 7 Bankruptcy?
  • Can You Protect Your Home with the Homestead Exemption or Wildcard Exemption in a Chapter 7 Bankruptcy?
  • Secured Property — Surrendering, Redemption, and Reaffirmation in a Chapter 7 Bankruptcy
  • Lien Avoidance - Reducing Or Eliminating Liens In A Chapter 7 Bankruptcy
  • Denial or Revocation of a Chapter 7 Discharge

Chapter 13 Bankruptcy

  • Chapter 13 Bankruptcy Overview
  • Chapter 13 Timeline
  • Role of Debtor and Standing Trustee Under Chapter 13 Bankruptcy
  • Chapter 13 Bankruptcy Estate And Postpetition Claims
  • Chapter 13 Payment Plan: Requirements For Confirmation
  • Confirmation And Amending The Repayment Plan
  • Chapter 13 Repayment Plan: Content and Format

Chapter 11 Bankruptcy

  • Chapter 11 Bankruptcy Overview
  • Debtor In Possession (DIP)
  • Creditors' Committees and Equity Committees in Chapter 11 Bankruptcy
  • Chapter 11 Reorganization Plan
  • Chapter 11 Discharge, Post-Confirmation Administration, and Final Decree
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