Ratings & Reviews
I highly recommend Mr. Zimmermann as an attorny. I recently purchased an investment property and boy was he helpful. He was easily available, very clear in explaining various concepts, laws and regulations, and provided very helpful tips o...
I highly recommend Mr. Zimmermann as an attorny. I recently purchased an investment property and boy was he helpful. He was easily available, very clear in explaining various concepts, laws and regulations, and provided very helpful tips on negotiating. I found his fee to be more than reasonable espcecially given the incredible availability he provides. In addition, he's very flexible, and he has first-person experience with various trade workers, so that when we needed to have some feature evaluated, it was arranged lightning fast. The fee was reasonable, the results were thorough and the outcome was extremely good. I was, honestly, like a babe in the woods in navigating this transaction, but with Jim taking the time to walk me through everything and explain/answer any questions I had, it was a completely pleasant experience. And I got the property I wanted for the price I was willing to pay. Let's not overlook the staff: totally helpful and knowledgeable. 5 Stars in my book.
Can You Keep Your Credit Cards in Bankruptcy?
- posted: May 18, 2017
Yes, you can only keep your credit cards in bankruptcy if the creditor agrees to it, however this is rare. The filing of a bankruptcy discharged all of your debts, all of your credit cards, whether you want to or not. Many people have that favorite credit card, store card account that want to keep. Sometimes a creditor will let your keep a credit card if your sign a new agreement to owe the entire balance. Bad idea. Before you "commit" to repay thousands of dollars on an old credit card, remember you may only be 90 days away from new credit. A new credit account has a zero balance. Keeping an old credit card may require you to repay thousands of dollars of old charges. The credit industry may be the most competitive market alive. Creditors want you back, they want anyone that has income and no debt. After your bankruptcy, this can be you. Your keeping your income and all your debt is discharged. Many people are shocked to find that they are receiving new credit only "days" after they file bankruptcy. In the end, you don’t need your old credit cards. Enjoy your fresh start with all new credit.
If you have any additional questions about the bankruptcy process, please contact us today!