Bankruptcy – Chapters 7 and 13 – A General Overview

July 10, 2012 by  | Leave a Comment Filed under: Bankruptcy 

The purpose of this article is to give the reader a non-technical, easy to understand overview of Bankruptcy. Typically, a person contacts an attorney when he or she is thinking about filing for bankruptcy, usually as a result of an overwhelming amount of credit card debt, or perhaps, the (read on...)



Lose Benefits of Chapter 13 Bankruptcy With Loan Mods

May 9, 2012 by  | Leave a Comment Filed under: Bankruptcy 

No one can predict what would happen back in late 2007 and 2008. Shortly after Congress modified the bankruptcy code to lower the amount of people filing bankruptcy by eliminating individuals they felt were abusing the system. Included in the changes to the bankruptcy code was a means test to (read on...)

Six Months After Trial Modification Loan

May 4, 2012 by  | Leave a Comment Filed under: Loans 

The trial modification process enables the borrower to understand how the process will work. It also assures the lender of the capability of the borrower to make adjustments according to the modification loan that is sanctioned. The trial period gives a chance to both parties to see whether this (read on...)

When It Comes to Filing Bankruptcy Chapter 7 Is a Popular Choice

May 2, 2012 by  | Leave a Comment Filed under: Bankruptcy 

With the economy still on life support, many Americans have found themselves buried under a mountain of debt with no feasible way out. When faced with these circumstances it is better to file bankruptcy sooner rather than later. Why wait until the creditor harassment has become too much to bear? (read on...)

Mortgage Relief In An Uncertain Economy

March 22, 2012 by  | Leave a Comment Filed under: Loans 

As if the economy hasn’t already contributed enough to the current state of the real estate market and mortgage lending industry, its effects continue to spread into our lives. Much of the foreclosure trouble experienced over the last few years has left people without homes, damaged credit (read on...)

Deficiency Balance After Repossession or Foreclosure

February 16, 2012 by  | Leave a Comment Filed under: Bankruptcy 

Deficiency means it’s simply not enough. It’s not enough that you lost a vehicle to a repossession or a home to foreclosure, the debt in full must still be repaid. The deficiency balance reminds you that you’re not quite done with your lender or in most instances, your third (read on...)

The Cost of Waiting to File Chapter 13 Bankruptcy

February 16, 2012 by  | Leave a Comment Filed under: Bankruptcy 

Bankruptcy isn’t something people look forward to and because this is the case, many people who know bankruptcy is in their future procrastinate and put off filing for years. There is usually some event that creates urgency to file and causes them to seek a bankruptcy attorney. This event (read on...)

Comparing the Cost of Repaying Mortgage Arrears in Chapter 13 Bankruptcy Versus a Loan Modification

February 16, 2012 by  | Leave a Comment Filed under: Bankruptcy 

The economy is struggling to recover, unemployment is high, and as a result there are a lot of people who are behind on their mortgage payments and at risk of having their home foreclosed. To help people save their homes, mortgage companies and the federal government are touting the benefits of (read on...)

Debt Consolidation: Lower Rate of Interest and Flexible Repayment Term

November 15, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Bankruptcy is the legal status of an insolvent person or organization mainly occurring due to inability to pay the outstanding debt. There are good numbers of business people facing the insolvency at one point of time or another. There are several factors contributing to the condition. Whether a (read on...)

Bankruptcy Process: What Does It Mean, How Do I File, and What Happens After I File Bankruptcy?

November 1, 2011 by  | Leave a Comment Filed under: Bankruptcy 

I talk about bankruptcy all the time. I use the term so often that I automatically assume everyone understands what it means to file bankruptcy. The simple truth is that bankruptcy means something different to almost everyone. I am going to try to explain what exactly it means to file bankruptcy (read on...)

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