You have looked at your bank records, pay stubs, and all your bills and you realize that not only can you not get your ends to meet, you are having a hard time to even get them to wave at each other. Even though you do not want to, you have determined that at this…Read more
Bankruptcy – Good or Bad?
While filing bankruptcy has been looked on by some as “morally wrong”, and maybe even “Criminal”, the basic concept of Bankruptcy is Biblical and can be traced all the way back to the Old Testament. The Book of Deuteronomy (15:1-2) states “Every seventh year you shall practice release of debts. This shall be the nature…Read more
Would you operate on yourself?
With the current recession continuing with no end in sight, self-surgery is a growing, albeit a misguided trend. In 2009 a California woman thought it might be a good idea to try self-plastic surgery on her face. “Insane, I can’t believe I did what I did,” the 54-year-old said. “I thought I was going to…Read more
Help! I can not pay my bills. What can I do?
The recession has caused many people to get caught in a bad cycle of robbing Peter to pay Paul. As this cycle continues, it will inevitability reach a point of no return, the point when Peter does not have any more money to rob and you now owe both Peter and Paul. Before we can…Read more
Is your home worth keeping?
Many potential clients come into my office with high payments on a home that was recently purchased but one which they really can not afford to keep. The almost universal response to the home ownership question is “I cannot give up my home!!”. But, even under the best of cases, the potential client can not…Read more
Can Bankruptcy improve your Credit Score?
The Decision of whether to file for bankruptcy protection may not be an easy one. Typically one of the main worries is that your credit rating will be so damaged that obtaining a loan in the future will be near impossible. However, it may be surprising but that in may cases, the damage done to…Read more
6 questions for those considering bankruptcy
Candice Choi, Associated Press Sunday, November 23, 2008 (11-23) 04:00 PST New York — If mounting credit card bills are threatening to pull you under, you may be considering bankruptcy as a way to hit the restart button. The American Bankruptcy Institute expects worsening economic conditions to drive up the number of consumer filings this…Read more
Welcome to the Toomey Law Bankruptcy Blog
Welcome to the Toomey Law Bankruptcy Blog.