Do You Qualify for Chapter 7 Bankruptcy?
When radical changes in the bankruptcy law were implemented in 2005, a new urban legend was born to the effect that almost no one could file for Chapt...
How to Save Money in Chapter 7 Bankruptcy
If you’ve already decided to let your house go, you may be able to build up your savings by continuing to live in your house for as long as you can.
What Happens to Your Property in Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is what most people think about when they think about bankruptcy. It’s called “liquidation” bankruptcy because it cancels y...
How Chapter 7 Bankruptcy Can Delay or Stop Foreclosure
Chapter 7 bankruptcy will delay a foreclosure rather than block it permanently. You’re more likely to be able to keep your house if you file for Cha...
Use Chapter 13 to Convert a Second Mortgage Into an Unsecured Debt
If you’re like many homeowners, your home is encumbered with a first mortgage, a second mortgage (often used for the down payment in an 80-20 fina...
How Chapter 13 Bankruptcy Can Make Your Mortgage More Affordable
Americans are up to their eyeballs in debt—an average of $43,874 of debt for every man, woman, and child in 2010, according to the Federal Reserve...
Using Chapter 7 Bankruptcy to Delay a Foreclosure Sale
The instant you file for bankruptcy, all foreclosure proceedings must cease. This means that if you file for bankruptcy at 11:59 a.m., a foreclosure s...
Eliminate Payments on a Second Mortgage with Chapter 7 Bankruptcy
As property values fall, second and third mortgages are frequently left unsecured. In other words, the property no longer has sufficient value to guar...
Using Chapter 7 Bankruptcy to Keep Your House
You can use Chapter 7 bankruptcy to save your house if:
The Chapter 13 Bankruptcy Process
When you file for Chapter 13 bankruptcy, your court papers must disclose what you own (real estate and personal property), your debts, and your fina...
Stop or Delay Foreclosure with Chapter 13 Bankruptcy
Chapter 13 bankruptcy can help you fight foreclosure in a number of different ways. How? It gives you time to make up your missed payments and can mak...
Bankruptcy & Foreclosure 101
Bankruptcy may be the answer to problems with mortgage foreclosures. A bankruptcy attorney can help bring understanding to foreclosure issues, or nego...
Deficiency Judgments: The Next Landmine?
Homeowners who have given up their home in foreclosure, short sale or even deed in lieu are about to be hit by a landmine. Thinking their problem is...
Can Filing Bankruptcy Stop Foreclosure?
As a result of the economic meltdown, record numbers of homeowners are facing foreclosure. For many of these people, bankruptcy is the most viabl...
Homeowners Options for a Delinquent Mortgage
If a homeowner has a delinquent mortgage, then a great option is the Chapter 13 bankruptcy. It allows for the catching up of late payments over ...
How to Deal With a Notice of Default
An uncertain economy, falling housing prices, and mounting job losses have many homeowners trying to modify their mortgages, avoid foreclosure, or b...
Preventing Foreclosure: Bankruptcy
Are there any ways to prevent my house from being foreclosed? Many clients come to us with this question. For many people, bankruptcy is the best ch...
New Hamp Guidelines - Help Homeowners in Bankruptcy
In an effort to curtail the foreclosure crisis the federal government provided new Home Affordable Modification Program (HAMP) outreach and communicat...
How to Save a Home from Foreclosure with Chapter 13
One of the most effective ways to stop a foreclosure is by filing a Chapter 13 bankruptcy. Chapter 13 bankruptcy allows a debtor to restructur...
Deficiency Judgments: Non-Recourse Law and Chapter 13
If you are in the process of selling your home and it eventually sells for enough money to cover the balances of the mortgages and/or loans against it...
Foreclosure vs. Bankruptcy: Pros and Cons
It is not easy to choose between bankruptcy and foreclosure. Both options carry with them serious, long-term consequences. Thus, it is impera...
What to Know Before You File Bankruptcy to Stop Foreclosure
There are a number of foreclosure prevention options which a homeowner facing foreclosure may consider. Of these options, bankruptcy is the only ...
Loan Modification Under HAMP During Bankruptcy
On June 1, 2010, new Home Affordable Modification Program (“HAMP”) guidelines take effect under Supplemental Directive 10-02. In addition to p...
Delay a Foreclosure by Filing for Bankruptcy Protection
If you're behind on your mortgage payments with no feasible way to get current, the only way to keep your home is to file a Chapter 13 Bankruptcy. A...
Chapter 13 Bankruptcy & Foreclosure
Chapter 13 bankruptcy differs from Chapter 7 in that it allows a debtor to restructure his debts. Chapter 7, on the other hand, often referred to ...
Chapter 7 Bankruptcy & Foreclosure
With the current state of the economy, many people are considering bankruptcy. One of the most important steps in deciding whether bankruptcy is t...
Automatic Stay Can Stop Foreclosure
Stop Foreclosure! There is relief to save homes from foreclosure. The bankruptcy processes under some chapters have a solution to prevent creditors ...
Can Bankruptcy Stop Foreclosure?
Bankruptcy is used as a last resort to save a home from foreclosure. Bankruptcies are filed in Federal court. There are different jurisdictions ...
Honesty is Best
When it comes to filing bankruptcy you want to be sure to be honest when filling out all of your paperwork.
