Bankruptcy
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Debt to Income to Bankruptcy

Debt to Income to Bankruptcy | Bankruptcy | Scoop.it
Debt to income ration can and should influence your decision to file
bankruptcy.
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Being Shunned by Your Creditors - Pipitone Law

Being Shunned by Your Creditors - Pipitone Law | Bankruptcy | Scoop.it
Creditors can sometimes act like little children.
They whine, they complain, they badger and occasionally they throw tantrums when trying to collect their debt.
Unfortunately, they share none of the endearing qualities of the children they imitate.
When a bankruptcy case is filed, your creditors will engage in extremely immature behavior and often times straight up shun you.
They will act like children, literally and figuratively.
You are a Second Class Citizen
This is how your secured creditors will treat you when you file bankruptcy.
When you file bankruptcy, you will need to understand how the relationship between yourself and your secured creditors will change.…
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Don't be a Lannister - Pipitone Law

Don't be a Lannister - Pipitone Law | Bankruptcy | Scoop.it
The "pay your debts" at all costs mindset is irresponsible and damaging. There are times when bankruptcy is the noble thing to do.
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Whips, Cribs and the American Dream | Pipitone Law

Whips, Cribs and the American Dream | Pipitone Law | Bankruptcy | Scoop.it
America’s unhealthy obsession with cars and houses is contributing to unsustainable budgets. Downgrade, downsize and free your finances.
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Your Innocent Spouse in Bankruptcy | Pipitone Law

Your Innocent Spouse in Bankruptcy | Pipitone Law | Bankruptcy | Scoop.it
There is a common misconception that your bankruptcy filing will negatively impact your non-filing spouse. Not so. Your spouse is innocent.
Frank P. Pipitone's insight:

Your non-filing spouse is assumed to be innocent in bankruptcy.

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The Human Element: Your Bankruptcy Trustee | Pipitone Law

The Human Element: Your Bankruptcy Trustee | Pipitone Law | Bankruptcy | Scoop.it

Like baseball, there is a human element in bankruptcy.

Frank P. Pipitone's insight:

Like a baseball umpire, the bankruptcy trustee adds a human element to your case.  There is no instant replay in bankruptcy so definitely get to know your trustee.

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The Yin and Yang of the Bankruptcy Means Test | Pipitone Law

The Yin and Yang of the Bankruptcy Means Test | Pipitone Law | Bankruptcy | Scoop.it
The bankruptcy means test is unbalanced. Thanks to BAPCPA the yin of consumer protection is not balanced with the yang of bankruptcy abuse.
Frank P. Pipitone's insight:

A recent evealuation of two client cases really hammered home the point to me that the means test is completely unbalanced and many times unfair.  

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Is Your Bankruptcy Attorney a Limousine Driver? | Pipitone Law

Is Your Bankruptcy Attorney a Limousine Driver? | Pipitone Law | Bankruptcy | Scoop.it
Beware the bankruptcy attorney practicing the limousine driver approach to client relations.
Frank P. Pipitone's insight:

I strongly believe in fostering a positive relationship between myself and my clients.  Unfortunately, many attorneys come from the limo driver school of client relations.  

No disrespect to drivers, but I too often see the venerable attorney/client relationship taken too lightly.

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The Irrational Fear of FICO | Pipitone Law

The Irrational Fear of FICO | Pipitone Law | Bankruptcy | Scoop.it
One of the great misconceptions is that bankruptcy ruins credit. In most cases, the opposite is true and this fear of ruining your FICO is irrational.
Frank P. Pipitone's insight:

There is a great misconception that bankruptcy permanently ruins your credit.  This myth is propagandized by the media and various "experts."  

I think we have created a FICO boogie man and the fear is irrational.

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Finding the Right Bankruptcy Lawyer

Finding the Right Bankruptcy Lawyer | Bankruptcy | Scoop.it
The bills are starting to pile up and the harassing phone calls are becoming too much to bear. Perhaps the situation has escalated. You are in danger of losing your home or car.
Frank P. Pipitone's insight:

When hiring a bankruptcy lawyer, it is important to look at the entire picture presented to you.

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You've Got to Remove the Emotion - The Simple Dollar

You've Got to Remove the Emotion - The Simple Dollar | Bankruptcy | Scoop.it
We are emotional people. We react to situations with a wide range of emotions: joy, fear, anger, mirth. On the other hand, money is about as non-emot
Frank P. Pipitone's insight:

Do not let your emotions influence financial decision making.

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Chapter 13 Bankruptcy: Benefit Through Burden — Pipitone Law

Chapter 13 Bankruptcy: Benefit Through Burden — Pipitone Law | Bankruptcy | Scoop.it
Chapter 13 Bankruptcy can be a long, burdensome process. Toughing it out will help you realize the benefit of a secure financial future.
Frank P. Pipitone's insight:

There is a bright light at the end of the chapter 13 tunnel.  

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Cash Out Before Bankruptcy - Pipitone Law

Cash Out Before Bankruptcy - Pipitone Law | Bankruptcy | Scoop.it
Cold, hard cash.  We all could use some more of it to help us get through our financial travels.
As a bankruptcy attorney, I don’t see many clients with extensive “cash reserves.”  If I did, I would likely point them down an alternate path of financial recovery.
On the other hand, despite what many people think, deadbeats don’t file bankruptcy.
I have previously talked about the shifting demographic of the bankruptcy filer and can safely say that most of my clients do in fact have some cash and/or savings.
Even a small amount of cash can create problems when filing bankruptcy.…
Frank P. Pipitone's insight:

Cash is the low hanging fruit of the bankruptcy jungle.  Be sure to harvest your cash asset prior to filing to reap the rewards of your work.  

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Unemployment and Your Health - Pipitone Law

Unemployment and Your Health - Pipitone Law | Bankruptcy | Scoop.it
Unemployment can kill. Being unemployed triggers serious mental health issues that ultimately take their toll on your physical well being.
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Bankruptcy Makes you Seem “Out of Control?” | Pipitone Law

Bankruptcy Makes you Seem “Out of Control?” | Pipitone Law | Bankruptcy | Scoop.it
There are thousands of so-called "financial experts" online giving atrocious advice when it comes to financial planning and bankruptcy. Be careful.
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Family, Friends and Bankruptcy | Pipitone Law

Family, Friends and Bankruptcy | Pipitone Law | Bankruptcy | Scoop.it
When the going gets tough, we turn to family and friends. Financial support from family and friends could seriously impact your bankruptcy outcome.
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5 Things To Do When You Have Been Sued

5 Things To Do When You Have Been Sued | Bankruptcy | Scoop.it
The ring on the doorbell was a process server. Bingo!  You’ve been sued. Now what? Breathe deeply and work your way through this five step check list.  Then I’ll suggest some options. Look at the caption:  It identifies the parties to the suit.
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Bankruptcy and Dating: You had me at 750! | Pipitone Law

Bankruptcy and Dating: You had me at 750! | Pipitone Law | Bankruptcy | Scoop.it
Can a poor credit score impact your ability to find a date? A new study says your credit score is more of a factor than you think.
Frank P. Pipitone's insight:

This is a new topic for me.  One I never thought I would have to discuss with any clients.  I'm eagerly anticipating the day when a single client asks if a bankruptcy filing will knock them down a notch in the dating pool.

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Going Naked Into the Storm | Pipitone Law

Going Naked Into the Storm | Pipitone Law | Bankruptcy | Scoop.it
Many people choose to don the garments of their financial fate while others buck the trend and courageously go naked into the bankruptcy storm.
Frank P. Pipitone's insight:

For those individuals that buck their financial fate and bravely go naked into the storm.

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Beware the Stingy Bankruptcy Lawyer | Pipitone Law

Beware the Stingy Bankruptcy Lawyer | Pipitone Law | Bankruptcy | Scoop.it
I have found that bankruptcy lawyers can be stingy with information offered to clients. Sometimes, a rosy picture is inappropriately painted.
Frank P. Pipitone's insight:

Bankruptcy lawyers can be illusionists, at times inappropriately painting a rosy picture of a dreary case.

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2005 – 2013: Will There be an 8 Year Bankruptcy Surge — Pipitone Law

2005 – 2013: Will There be an 8 Year Bankruptcy Surge — Pipitone Law | Bankruptcy | Scoop.it
Prior to the passage of BAPCPA there was a rush to file bankruptcy. 8 years later, will there be a surge of repeat filers from that 2005 group?
Frank P. Pipitone's insight:

Bankruptcy filings continue to decline as we approach the 8 year anniversary of BAPCPA.  It will be interesting to see if there will be a "surge" of repeat filers towards the end of this year.   

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Bankruptcy Should be Free of Surprises — Pipitone Law

Bankruptcy Should be Free of Surprises — Pipitone Law | Bankruptcy | Scoop.it
Surprises that com up in bankruptcy are usually not fun. They are usually unwanted and damaging to your case outcome.
Frank P. Pipitone's insight:

When surprises come up in bankruptcy, they are usually not fun.  With proper planning and communication, surprises in bankruptcy can be avoided.  

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No, Your Bankruptcy Lawyer Is Not Trying to Torture You

No, Your Bankruptcy Lawyer Is Not Trying to Torture You | Bankruptcy | Scoop.it
For people who are engaged in a profession that is based upon communication, lawyers can be very bad at communicating.  Bankruptcy lawyers, including me, don't
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