The short answer: To avoid fraud charges and to prevent the bankruptcy trustee from taking assets which may be exempt. Most people file bankruptcy because they can no longer pay their creditors. When you file a Chapter 7 bankruptcy you are asking for the federal government to stop all your creditors from collecting, and appoint…
We have heard of attorneys encouraging people to max out their credit cards before filing bankruptcy. Our attorneys strongly disagree with this advice for several reasons. First it is dishonest. Some people would say that filing bankruptcy is dishonest in itself, so why not get as much out of it as you can. Filing bankruptcy…
For those of you that follow the postings on our website because you are a victim of the Real Estate Fraud Scheme committed of Mr. Ken Plein, the headline, “EARN 9% RETURN ON REAL ESTATE SECURED INVESTMENT,” brings back many unpleasant memories. My purpose for posting this title was not to remind those that we…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.