Capone & Keefe

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Can Creditors Still Report Negatively on Your Credit After You File for Bankruptcy?

One of the things we advise all of our clients once their bankruptcy is over and they have received their discharge, is to pull a credit report and make sure that everything is properly reported and there are no creditors that have continued to report negatively on their report.  All debts that were included in […]

Beware of Tax Implications from a Short Sale or Loan Modification

This Article recently appeared in the New York Times.  Come tax time, JPMorgan Chase will be able to write off the $1.5 billion in debt relief it must give homeowners to satisfy the terms of a recent settlement. But the homeowners who receive the help will have to treat it as taxable income, resulting in […]

The Pitfalls of Balance Transfers

I’m sure many of you are receiving all kinds of offers from credit card companies offering low interest rates, 0% to 2.99% on balance transfers or new purchases.  These seem the perfect opportunity to pay off those higher interest rate cards that you presently have. However, these seductive rates do come at a cost if […]