When filing for bankruptcy, there is a way to get rid of a mortgage loan. There are two types of bankruptcy; Chapter 7 and Chapter 13 that take into account different types of mortgage debt. What is a mortgage? A mortgage is a loan; it is a legal agreement signed through a bank or other […]
The bankruptcy process is demanding and emotional. Bankruptcy is designed to provide a new start, but keep in mind that the process is complicated. What follows are the top five things to do before filing for bankruptcy. These guidelines will make the process smoother and less stressful.
Most of us want to pay our bills. We were raised that way. As a result, too many people use up all of their financial resources before even considering filing for medical bankruptcy. Their intentions are good, but cashing out credit cards, retirement funds, college savings, or taking out a second mortgage to pay medical […]
First: Bankruptcy Will Stay On Your Credit Report For 7 To 10 Years Bankruptcy is not the end of the world. Life goes on, and you get a fresh start on your financial situation. However, be aware that a bankruptcy will remain on your credit report for some years. A Chapter 7 bankruptcy will stay […]
Every year, countless Americans find themselves, through no fault of their own, facing bankruptcy. Many have no idea how long the bankruptcy process can take. The length of time from filing bankruptcy to having your debts discharged can vary greatly, depending on which type of bankruptcy is being filed, and how quickly you can gather […]
When individuals and families encounter severe financial pressures that leave them with excessive debt and no way to pay their monthly obligations, bankruptcy is often considered the only solution. Although many people consider bankruptcy as an extreme measure, little is truly understood by those who’ve never had to make this decision. One area of concern […]
People will pay thousands of dollars pursuing a loan modification agreement only to find that these programs are partially, if not completely, fraudulent. Many of these people are hardworking homeowners who diligently made all their monthly mortgage obligations while doing everything asked of them in order to avoid foreclosure and remain in their home. Some […]
