Author Archives: Lee Abt, Esq

Broken Bench

Posted on July 14, 2011 by Lee Abt, Esq

The word Bankruptcy means “Broken Bench”. So it is not a scary word even though people are scared to even look into filing for bankruptcy because they don’t know the meaning of the word, how bankruptcy was created,  and they … Continue reading →

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How does my credit score increase after bankruptcy?

Posted on May 25, 2011 by Lee Abt, Esq

It’s a common misconception that bankruptcy will always negatively impact your credit score. The truth is that many times it will increase your credit score. Continue reading →

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Why is bankruptcy a better option than using misleading credit consolidation companies?

Posted on March 28, 2011 by Lee Abt, Esq

Why filing bankruptcy is a better option than misleading credit consolidation companies Many people are frightened off by bad information they hear about bankruptcy and never bother to find out the truth. Therefore they fall into the trap set by … Continue reading →

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Knock Out Second or Third Mortgages or Home Equity Lines Through Chapter 13

Posted on March 25, 2011 by Lee Abt, Esq

In some case, we can do what is called a “stripdown motion” to completely eliminate a second or third mortgage or both. This also includes equity lines which are like mortgages because they are liens on the house. To do … Continue reading →

Posted in Bankruptcy, Mortgages | 1 Comment