Deciding that you would benefit from a bankruptcy filing is a big decision and an even bigger step. Most individuals head towards a Chapter 13 bankruptcy unless they have absolutely overwhelming debt. ...
After falling behind on mortgage payments – approximately four months’ worth by most lenders’ standards – foreclosure becomes a real possibility. Banks will often not hesitate to try to foreclose on ...
Making the decision to move forward with declaring bankruptcy is undoubtedly a difficult step. A lot is at stake, including your future credit, reputation, and even your self-image. However, declaring ...
Sometimes, we end up in financial situations far beyond our control. This means, we may have to need to except help from entities outside of ourselves. There’s no shame in admitting you are in over ...
In order to file for Chapter 13 bankruptcy , your existing debt cannot exceed a certain amount. If you plan to file for Chapter 13 bankruptcy, you should be aware that there are ways to have some of ...
Unlike Chapter 7 bankruptcy, Chapter 13 claims are not designed to eliminate a person's debt; rather, they enable a claimant to restructure their finances and begin paying off their debt. A Chapter 13 ...
