Nobody could have ever predicted or expected the sheer scale of foreclosures which occur every single day in the United States, and elsewhere in the world. The fact remains however that foreclosures are now affecting people from all walks of life – from the very wealthy to people who have always occupied the lower rungs […]
So You Stopped That Foreclosure By Filing For Bankruptcy. Now What? Read More »
Bankruptcy is the legal provision that allows individuals and corporations to alleviate their debts. While the technicalities of each bankruptcy ‘chapter’ are beyond the scope of this article, we will go over the basics of Chapter 7 bankruptcy and see how it differs from Chapter 13. Chapter 7 Bankruptcy This is the most common
BASICS OF CHAPTER 7 BANKRUPTCY FILING Read More »
No homeowner wants to have to declare bankruptcy because they assume it means that both they and their family will be destitute and homeless as a result. In fact filing for Chapter 13 is basically a form of debt consolidation which allows you to spread your total debt repayments out over a number of
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Bankruptcy is a right dating back to the writing of the US constitution, where the founding fathers of the country provided the ability for people to be able to relieve themselves of debts that they can simply never hope to pay off in their lifetime. Unfortunately like many of the rights provided for in
Can I Get Rid of Student Loan or Tax Debt in a Bankruptcy Read More »
Loan modification can adjust the conditions of a person’s loan so as to make it more affordable for the borrower. These mortgage modifications can adjust one’s interest rate, duration of the loan or a combination of both so as to make the monthly payments more affordable. If you are being considered by the
Loan Modification in Bankruptcy Read More »
So, who can file for Bankruptcy? Anyone who is an individual or an organization and is insolvent can file for bankruptcy. An individual is able to file for bankruptcy if he has obtained credit counseling within 180 days before filing the case. To be able to file for Chapter 7, your income should
Bankruptcy Requirements – Who Can File For Bankruptcy Read More »
If you filed for bankruptcy and have an open personal injury claim bankruptcy can have an impact on disbursement of your personal injury claims. Chapter 7 bankruptcy any and all unexempt property is liquidated by the trustee and your debts are discharged. So, the disbursement from your injury claim may be subjected to
Disbursement of Personal Injury Claims in Bankruptcy Read More »
If you find it difficult to repay your debt, you may file for a chapter 7 bankruptcy to protect yourself from being legally accountable to pay your creditors. This can be a preventive measure that individuals take to avoid legal hassles from their creditors. The requirements for a Chapter 7 vary from state to
Filing Chapter 7 Bankruptcy in New Jersey Read More »
A credit score is the credit history that an individual has built up over the years. Credit scores are important when applying for a loan. To check an individual’s ability to pay back a loan, have agencies thoroughly examine the applicant’s credit report. If the credit scores are reasonable, that individual will be able
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Chapter 13 bankruptcy is for people who are able to pay off some of their debt. This is done through a payment plan which lasts between three to five years. Those who are not eligible to file for Chapter 7 protection may file for a Chapter 13 bankruptcy. What is chapter 13?
What are the benefits of filing for Chapter 13 bankruptcy? Read More »