By Glenn A. Brown, DMD, MBA on December 16, 2008
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a “means test” to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around [...]
Posted in Blog | Tagged Bankruptcy, chapter 7, means test
By Glenn A. Brown, DMD, MBA on December 10, 2008
Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons. As you consider filing for bankruptcy, ask yourself the following questions:
Are you receiving threatening notices from your creditors?
Are you on the verge of foreclosure?
Have you lost a [...]
Posted in Featured | Tagged Bankruptcy, chapter 11, chapter 13, chapter 7
By Glenn A. Brown, DMD, MBA on December 9, 2008
Philadelphia’s housing market is witnessing a serious decline in home sales.
Following October 2008’s not-so-bright financial news, there are new reports that Philadelphia’s real estate sale agreements have fallen 20% throughout eight counties.
According to Steve Storti, VP of Prudential Fox Roach, Inc, “Until the credit market unfreezes, regional real estate will be slow.”
This decline [...]
Posted in In the News | Tagged Bankruptcy, financial turmoil, Foreclosures, Philadelphia home sales
By Glenn A. Brown, DMD, MBA on December 2, 2008
If you’re wondering whether or not the new bankruptcy law will prevent you from filing for relief, you should take a look at this video from NACBA.
Posted in Bankruptcy | Tagged abuse prevention and consumer protection act of 2005, Bankruptcy, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 bankruptcy