Transcript: Hello this is bankruptcy attorney Jeff Kelly and Today is April the 24th 2020. Yesterday Bloomberg reported that major credit card companies are lowering credit limits because of this Corona outbreak. And what I want to talk about today in this podcast is why it is so important that you establish an emergency fund of cash for your family and not rely on a credit card to get you through rough times. I’ve heard many many clients say over the years that you know we’re that are filing Chapter 7 wiping out the debts we’re getting them a fresh start, and people will say I just cannot lose my credit card because I need the credit card. In case of an emergency, and that is a wrong way of thinking, in my opinion. What you need is cash in case of an emergency. Because if you’re relying on a credit card to help get you through a rough time, what are you going to do when the credit card company cuts your limit off and you can no longer use it? Credit cards are not and should never be considered your emergency plan the sole basis of your emergency plan, you need cash. So as we’re going through this tough time here, there are 26 million people who are unemployed today through no fault of their own because of this Coronavirus quarantine. So, what should a person do who has zero dollars in ...
Transcript: Intro Speaker: It’s time for Kelly Can Help hosted by Jeff Kelly, Attorney at Law with the Law Office of Jeffrey B Kelly. And now here’s Jeff Kelly. Jeff Kelly: Hello, this is Jeff Kelly. And here we are on January 6 2021, is the date of this recording. And today, what I would like to talk about is the current state of bankruptcy, some changes that may be coming down the pipe. So as a consequence of the elections, it does look like the democrats are going to have control over the Senate, and there is some Bankruptcy Reform that is most likely going to come down the pipe and looks like it may pass. And I don’t have all of the details yet. But one of the biggest things that is coming is that student loans are going to be dischargeable in bankruptcy, that’s going to be huge. And that’s that’s going to create a flood of cases. Jeff Kelly: So what does this mean for people who are in debt right now? Well, one of the biggest mistakes that I see people make about filing is they just put it off too long. And it can create a lot of problems waiting too long. It and there’s no sense in doing that. It’s a free consultation to call us. Jeff Kelly: Let me give you an example of people who wait too long they get in to fix they have some debt hanging over their head. And and they they could qualify right now today, they could wipe the debt out and ...
Transcript: Good Morning! This January 13th, 2020, This is Bankruptcy attorney Jeff Kelly and today I would like to speak with you about how the 11th Circuit has laid out a roadmap for the rules for Discharge Violations. So, I want to start off here talking about the stupidity of banks. What kind of creditor is dumb enough to violate bankruptcy laws and send collection letters to a debtor after a debt has clearly been discharged? In a Chapter 13 bankruptcy, answer? Nation Star Mortgage. In the case of Arlene Roth, she clearly intended to surrender her house under chapter 13 bankruptcy that was filled December 22nd 2010. Roth received a discharge on June 27th 2014. Nation star was notified of the discharged and they received many, many, many letters and they clearly knew about the discharge. About 4 months after entry of discharge, the bank started Roth monthly statements related to her mortgage. Can you imagine the stress of going to 4 years of a bankruptcy case, fighting to make it work, pull it together, you do, you get your discharge and then? You start receiving collection letters. I bet this was extremely stressful on miss Roth. Nation Star never foreclosed on the property during the entire time of her Chapter 13. Who is dumb enough to let a house sit for 4 years and rot? Answer?Nation Star Mortgage. Roth’s attorney contacted Nation Star and was ignored. The statements kept coming. Roth then filed a ...
