Have you been threatened with foreclosure or have the proceedings already begun? If so, filing for chapter 13 bankruptcy will put an automatic stay into effect which will stop creditors from demanding payments from you. If you have no alternative and have decided on bankruptcy, then time is of the essence if foreclosure has already begun. This is especially true if you answer yes to the question below.Read More
Start Fresh Today Bankruptcy Blog
Tags: Chapter 13 Bankruptcy
It’s NACBA time again!
Once a year the industry’s best and brightest come together to tackle the discussions most important in the ever-changing bankruptcy landscape. New policies, processes, software and challenges are all front and center at the National Association of Consumer Bankruptcy Attorneys Annual Convention.
After years of attending the convention, I am excited to be speaking on the Brilliant Bankruptcy Marketing Panel held Thursday, April 23rd at 6:15pm with my two colleagues Tiffany Denlinger & Jabez Lebret! As I prepare for our session and full week of activities, here are a few tips to help you make the most of this fantastic event.Read More
The decision to file bankruptcy can be a very stressful one. You may be afraid of losing your house, car or other possessions. You may be overwhelmed with all the information you are receiving, the types of bankruptcies and the rules for each type. The good news is that with chapter 13 bankruptcy you have more options available to you.
There are two main types of bankruptcies that individuals can file, Chapter 7 and Chapter 13. The main differences between these two types is the ability to keep your possessions and whether you continue to pay off your debt. With Chapter 7 your debt gets wiped clean and you no longer have to pay your creditors, but it requires that you liquidate non-exempt possessions.Read More
Tags: Chapter 13 Bankruptcy
March 2015 bankruptcy filings support the continuously declining trend in consumer filings since 2010. According to Epiq Systems, March 2015 filings (81,622) declined by about 10.5% since March 2014 (91,283), although the number of filings did increase by 26% from February to March this year.
In 2010, the foreclosure crisis peaked, and bankruptcy filings in March were at 159,382. Since 2010, filings have been declining steadily, and this March marks a near 50% decrease. Further data provided by Epiq Systems also offers the following statistics:Read More
Tags: Bankruptcy Filings 2015
Since the peak of foreclosures in 2010, the economy has slowly recovered. As a result, bankruptcy filings consistently dropped over the last four years. In February 2010, at the peak of the economic crisis, 117,988 bankruptcy filings were reported nationwide. In February, 2015, there were only 65,002 filings, a substantial 40% decrease from the peak total, and a 10% decrease from the February 2014 total of 72,267 (DS News).
According to the American Business Institute Executive Director Samuel J. Gerdano, filing totals continued to decline because "sustained low interest rates and high costs to file continue to suppress the number of consumers and businesses seeking the financial fresh start of bankruptcy." However, despite the consistent decrease over the years, bankruptcy filings increased from January to February in 2015.Read More
Tags: Bankruptcy Filings 2015
Marketing is a contact sport, so to get into the spirit of things every bankruptcy attorney should begin to see marketing as a game. How many hits (points of contact) can you make per week, month, and year? How many people do you have on your marketing team—people willing to refer your business? Let’s take a look at a few powerful tactics you can use to win the game of marketing:
Get the right targets.
There’s no use in playing basketball with a football, right? And there’s no use in marketing to the wrong targets. If you want to win the game of marketing you’ll need to market to the right people—people who need and want your services. Take the time match up your experience and skills to the ideal targets and you’ll get off to the right start.Read More
On March 20, 2015, we announced that Start Fresh Today had been acquired by Consumer Education Services Inc. (CESI), a non-profit credit counseling organization since 1998. You can read the press release here. CESI is an organization that helps consumers achieve financial freedom by offering a complete life cycle of services including: credit counseling, debt management, representative payee services, student loan counseling, HUD-certified housing counseling, and reverse mortgage counseling.Read More
As the number of people struggling with bad credit soars, subprime lenders are sprouting up in every facet of life—including transportation. Subprime auto loans seem to be rising, but so is the amount of debt attached to those loans. Many of these loans have monthly payments that exceed the cost of a mortgage. Once a debtor gets behind they may need to seek bankruptcy just to get relief.Read More
April 15th is fast-approaching. Your tax return or extension must be filed by then to avoid late payment penalties and interest.
March Bankruptcy Filing Trends
During the tax season frenzy, something else happens. Historically, the highest number of bankruptcy filings occur in March followed by April and May. In March 2014, there were 91,094 Chapter 7 and Chapter 13 filings and a total of 102,733 in March 2013. Although the filings have dropped significantly over the past 10 years, the monthly trend has stayed consistent.Read More
Tags: Bankruptcy and Taxes
Raleigh, NC. March 20, 2015 – Consumer Education Services Inc. (CESI), a non-profit credit counseling organization since 1998, announced today that it has acquired Start Fresh Today, one of the nation’s leading bankruptcy solutions platforms. CESI’s acquisition of Start Fresh Today advances its mission of offering comprehensive personal financial education and solutions for all life stages and milestones coupled with Start Fresh Today’s proprietary software platform. The purchase will transition Start Fresh Today from for-profit to non-profit status under the CESI umbrella.Read More
Tags: Press Release