Nick Gajewski

  • Property Transfers and Bankruptcy

    The transfer or sale of property is one of the most common topics I discuss with potential clients. I’d like to take the opportunity to discuss this issue in this blog and hopefully provide answers to some common questions. What Property Transfer Includes When an individual files for bankruptcy relief, he or she is require to disclose to the Court the sale or transfer of any re ...

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  • Building Your Credit for the New Year

    In my last blog post (before Thanksgiving) I wrote about predatory lending practices and how to avoid them. In preparation for the upcoming new year and a fresh start, I’d like to share some helpful lending and credit practices that can help you build your credit. Three Major Steps Apply for a secured credit card A secured credit card works just like a regular credit card.

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  • Beware of Predatory Lending While Shopping for the Holidays

    The biggest shopping weekend of the year is fast approaching! Black Friday will kick things off on November 24th before we move onto Small Business Saturday and Cyber Monday. Many people across the nation will be out shopping for holiday gifts, and the urge to spend is stronger at this time of year than in any other season.

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  • What Happens to Mortgage Debts After Bankruptcy?

    Many people worry about how filing a bankruptcy case will affect their home. As long as your case is carefully planned out ahead of time, you can typically file for bankruptcy relief without affecting your mortgage or your home. Mortgages Debts After Chapter 7 Depending on the type of bankruptcy case you file, you may either eliminate your mortgage debt or leave it untouched.

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  • Modifying a Chapter 13 Bankruptcy Plan

    As you can see from our information page, a Chapter 13 bankruptcy case is a form of debt consolidation. It allows you to reorganize your debts so they are easier to repay, and in some circumstances can reduce the overall amount of debt that is actually repaid. However, one of the aspects of a Chapter 13 case that can cause people worry or hesitation is the fact that a typical C ...

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  • What Income Counts When Filing Bankruptcy?

    It is no surprise that the amount of income you have effects your ability to file a bankruptcy case. However, there are many different types of income. Wages, tips, Social Security, and VA Disability income are just a few. Be aware that just because you may not have to file income taxes on all or a part of your income, that doesn’t mean you can leave it out when filing bankruptcy.

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  • Some Lesser Known Requirements in Bankruptcy

    Bankruptcy is common enough that most people know the basic principles for filing a case. However, some of the bankruptcy requirements are less well-known, which is why we always recommend you consult with an experienced bankruptcy attorney before filing a case. Keep Orderly Records First, the Court can require you to keep orderly business records if you own your own business.

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  • Credit Bureau Changes to Take Effect July 1st

    Equifax, Experian, and TransUnion, the nation’s three largest credit reporting agencies, announced back in March of this year that beginning July 1 they will no longer include tax liens and civil judgments on credit reports. (USA Today Article) Typically, this information has appeared on credit reports under a separate section from those sections listing active debts.

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  • Your Rights and Protections After Bankruptcy

    At Bond & Botes we help people file for Bankruptcy relief, but it’s also important to us that our clients are protected after the case is finished. The whole point of going through a bankruptcy is to receive a “fresh start” for your financial situation. With that in mind, I wanted to use this blog post as an opportunity to discuss some important rights and protections that ...

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  • Time for a Financial Spring Cleaning!

    Many of us tend to forget that our personal finances need cleaning and attention just like our homes and lawns. Spring is an excellent time for a financial evaluation! Take Stock of Your Financial Situation Now that the expenses of the holiday season and tax time are behind us, I recommend everyone take stock of his or her financial situation over the past year.

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  • Tax Day is Fast Approaching

    Spring is in the air (along with all the pollen that it brings!), but that also means that Tax Day is fast approaching! Tax Day, the day your income tax returns are due, is April 15th of each year. This year, however, everyone will have 3 more days because of how the date lines up with the weekend and a federal holiday. This year April 15th falls on a Saturday.

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  • How Fast is a Bankruptcy Case?

    This topic is another of the questions I answer on an almost daily basis. Everyone wants to know how quickly a bankruptcy case takes effect and how quickly it will be done. As far as court procedures go, bankruptcy is relatively speedy. Bankruptcy Provides Quick Relief The first thing to know is that starting a bankruptcy case is very fast.

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  • Do You Qualify for Chapter 13 Debt Consolidation?

    This is one of the most common questions I’m asked. Debt consolidation (or Chapter 13 Bankruptcy as it is technically known) is one of the most common types of bankruptcy cases, and many people are familiar with how it works. We have written before about many of the details of Chapter 13 Debt Consolidation, but today I wanted to address the issue of how to qualify for a Chapter 13 case.

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  • Filing Taxes While in Bankruptcy

    As we finish the first month of the new year, tax season is starting to pick up. By now many people have gotten their W-2’s or other tax forms from 2016 and they’re ready to file for their 2016 income tax returns. If you’re in bankruptcy, or considering filing for bankruptcy, how will that affect your refund? First, it is important to know that the bankruptcy court has the aut ...

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  • Conversion to Chapter 7 Bankruptcy

    At this time of year in particular, we often see a large number of Chapter 13 clients that are considering converting to a Chapter 7 case. At the start of the New Year, people often re-evaluate where they are financially, and with many people receiving their income tax refunds this can be a great time to make a new financial start with a Chapter 7 case.

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  • Don’t Forget ‘Tis the Season

    I realize, as a bankruptcy attorney, it may seem a little strange for me to urge our readers to just forget their money problems, but that’s exactly what I’m suggesting in this Blog post. The Christmas Season is a time for family, togetherness, and happiness. Don’t let yourself be weighed down by thoughts of bills and debt collectors.

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  • Dischargeability of Recent Debt

    Now that Thanksgiving and Black Friday are behind us, the Holiday shopping season is in full swing. Many of you likely made purchases using credit cards or other credit accounts to make gift purchases. If you’re already in a tight financial situation, keep in mind that the Bankruptcy Code has provisions built in that prevent a person from discharging debts that have been recently incurred.

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  • What is Repossession and How Can You Stop it?

    Everybody knows that if you don’t make your car payment, the finance company can repossess your car. I’m often asked by clients if the finance company has the right to repossess other vehicles or things they own. In this blog I’ll lay out exactly what gives a creditor the right to repossess items and how a bankruptcy case stops them from doing so.

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  • Calculating Chapter 13 Plan Payments

    A Chapter 13 bankruptcy (also known as a Debt Consolidation) will bundle together all of a person’s debts so that the person filing makes only one payment per month to the Court. From there, the Court handles paying each of your creditors what they are supposed to receive under the bankruptcy laws.

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