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What would Richie Do?

May 11th, 2012 Scott Wantland Posted in Celebrity Debt, Foreclosures, Mortgage | No Comments »

For those of you that are following UK basketball legend Richie Farmer and his foreclosure woes, it looks like he could use the help of Wantland Law, PLLC.

Maybe he could use a bankruptcy?  Perhaps he could consider a short sale?

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Can I keep my house when I file bankruptcy?

December 6th, 2011 Scott Wantland Posted in Bankruptcy, Mortgage | 4 Comments »

The short answer is yes you can.  In most cases retaining your home is a matter of making the house payment.           

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Who will know about my bankruptcy?

November 28th, 2011 Scott Wantland Posted in Bankruptcy, Chapter 13, Chapter 7 | 19 Comments »

It is unlikely that anyone but your creditors will have knowledge that you filed bankruptcy. With that said bankruptcy is a public legal proceeding and anyone who wants to go looking for your information would be able to find it.

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Why to talk to a bankruptcy attorney before foreclosure?

November 22nd, 2011 Scott Wantland Posted in Bankruptcy, Foreclosures | 23 Comments »

If you decide to let your house go in a bankruptcy talking to a lawyer early and filing bankruptcy can actually allow you to live in your house for a few more months without having to make a mortgage payment.

Also, talking to a bankruptcy attorney before foreclosure allows you the time to get everything organized and often can help you to avoid penalty fees and other expenses. If your appendix was bothering you, you wouldn’t wait till it ruptured to go to the doctor. So why would you wait to see a bankruptcy attorney. Remember at Wantland Law, PLLC your first consultation is free.

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Why shouldn’t I go to a “cheap” bankruptcy attorney?

November 16th, 2011 Scott Wantland Posted in Bankruptcy, Chapter 13, Chapter 7, Foreclosures | 75 Comments »

Plain and simple, you get what you pay for. A lot of the cheap attorneys don’t take to time to properly review your situation or even meet with you prior to court. Often, you won’t even speak with the attorney- just an assistant. At Wantland Law, PLLC we often get called after things have gone wrong. Save yourself the time, money, worry, your valuable assets, and frustration contact us first.

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Burt Reynolds wants to live with you.

August 18th, 2011 Scott Wantland Posted in Bankruptcy, Celebrity Debt, Chapter 13, Foreclosures | 5 Comments »

Well, looks like Burt Reynolds is facing foreclosure.  Looks like Burt hasn’t bothered to pay his mortgage since this time last year.  Maybe there’s another Cannonball Run in the works or maybe this is all for old Burt and his multimillion dollar home.

I’ve learned over the past couple of years that “rich and famous” do not always go hand in hand.  I’m not sure why old Burt couldn’t have settled for just a one million home and just paid cash. 

Most folks could save the home with a chapter 13 filing- because of the amount of Burt’s debt he may be eleigible for a chapter 11.  Typically a homeowner has more protections in a chapter 13 than chapter 11.  Sometimes the problems rich people have are actually worse it seems.

Good luck Burt.

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Trucker Could Use a Bankruptcy

July 6th, 2011 Scott Wantland Posted in Bankruptcy | No Comments »

Looks like this trucker needs some serious legal help.  While bankruptcy wouldn’t erase any criminal liability, it would certainly fix any civil losses.    Remember how I told you that you can never have enough insurance- well, I meant it.  As we discussed, an usatisfied judgment can result in a suspended drivers license.

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June 6th, 2011 Scott Wantland Posted in Bankruptcy, Chapter 7, Debt | 5 Comments »

A discharge releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor. Because a chapter 7 bankruptcy discharge is subject to many exceptions, though, debtors should consult competent legal counsel before filing to discuss the scope of the discharge. Generally individual debtors receive a discharge in more than 95 percent of chapter 7 cases. In most cases, unless a party in interest files a complaint objecting to the discharge or a motion to extend the time to object, the bankruptcy court will issue a discharge order relatively early in the case — generally, 60 to 90 days after the date first set for the meeting of creditors.

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What about disaster?

May 30th, 2011 Scott Wantland Posted in Uncategorized | No Comments »

Earlier this year I went to an island that had been blown up by a volcano. The island’s big city had been buried by lava, mud, and debris. I have to assume everyone involved lost everything.

When people use bankruptcy to get rid of a car they don’t want or house they can’t afford, I always get asked, “when can I drop the insurance?”. My advice- don’t drop the insurance until the item is gone.

Insurance can keep you from needing to file bankruptcy. Without insurance, a burnt down house can mean life’s saving gone. A stolen car can result in millions of dollars of liability.

Most folks I talk to need bankruptcy. Keeping and paying for good insurance can keep you from needing to talk to me.

Be wise- be insured.

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Internet Loans are BAD- part 2

May 16th, 2011 Scott Wantland Posted in Bankruptcy, Chapter 13, Chapter 7, check advance loans | 4 Comments »

Since I last wrote about internet check advances, I continue to see just what rotten lenders make these types of loans.

Often times, people who come to me with Internet cash advance loans don’t have a mailing address for the lender. What a nightmare. They often don’t have mailing addresses on their web site. Additionally, when you call, they won’t even tell you where to send mail.

This is not because they are trying to cut down on wasted paper. For proper notice to be given in a chapter 13 or chapter 7 a proper mailing address must be given. For certain legal protections to arise, notice must be given in writing.

This week, I heard a new low. A payday lender was calling a borrower at work (not a new low). I was shocked (new low) to hear them threaten her with JAIL if she did not pay the loan. Besides this being an outright lie, it’s beyond the realm of legally possible.

It’s hard for me to be excited about the neighborhood cash advance store. They charge high fees and higher interest. However, the more time I see the disaster that Internet based loans are, I have to say it’s better to show local.

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The attorneys of Wantland Law in Shepherdsville, Kentucky, advise and represent individuals and families in bankruptcy cases and debtor-creditor negotiations in Bullitt County, Nelson County, Spencer County, Hardin County, Okolona, Jefferson County, Louisville, and such communities as Mount Washington, Brooks, Lebanon Junction, Bardstown, Taylorsville, Elizabethtown, Radcliff and Fort Knox.

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