by Mark J. Markus | Jul 19, 2020 | Bankruptcy Law, chapter 13, chapter 7, credit card debt, Filing Bankruptcy
In an article titled “Millennials get woke to economic woes” Dave Lee of The Los Angeles Times examines how the COVID-19 pandemic is hitting Millennials particularly hard, economically. The pandemic tends to affect those of older generations more harshly....
by Mark J. Markus | Feb 13, 2017 | Bankruptcy Law, credit card debt, Filing Bankruptcy
Status Of Debt Payments Does Not Affect Bankruptcy Eligibility I get asked this question often. People think the gateway to bankruptcy relief requires being delinquent on payments. There is no such requirement. You can file bankruptcy if your credit score is 900 and...
by Mark J. Markus | Jan 4, 2011 | Bankruptcy Law, chapter 13, chapter 7, credit card debt, Student Loans
Credit card and student loan payments do not factor in to Chapter 7 eligibility. It seems not a day goes by that I’m not trying to explain to a potential client why their payments to debts owed to unsecured creditors do not count in their budget in determining...
by Mark J. Markus | Nov 11, 2010 | Bankruptcy Law, chapter 13, chapter 7, co-signers, credit card debt, Uncategorized
Does Bankruptcy Eliminate Debts Of Cosigners? A question I frequently get asked is whether filing a bankruptcy case will eliminate the liability of any co-debtors or co-signers on loans or other debts owed by the party filing bankruptcy. The answer is no unless, of...
by Mark J. Markus | Feb 17, 2010 | Bankruptcy Law, chapter 7, credit card debt, new bankruptcy laws, taxes
Credit Card Debts ARE Dischargeable In Bankruptcy Contrary to popular understanding, in most cases credit card debts are still dischargeable in bankruptcy without a repayment plan (in a Chapter 7 bankruptcy case). In many cases, tax debts can also be discharged. This...
by Mark J. Markus | Jun 24, 2008 | chapter 11, chapter 13, credit card debt, Fresh Start, General Issues
Credit Card Interest Rates Increase Minimum Required Payments One of the most common triggers for today’s bankruptcy filings results from people having significant credit card debt on which they barely able to make the minimum payments. Everything goes along...
