Three Things You Should Know About How Bankruptcy Relates To A Foreclosure
29 December 2018
If you have fallen behind in your mortgage payments and believe your home will be going into foreclosure or it is already in foreclosure, you may think that a bankruptcy is your salvation. But people have misconceptions regarding what a bankruptcy can do in a foreclosure. The following are a few things you should know.
It will stop the foreclosure
Although most people understand this, what is not as well known is that the halt to a foreclosure is only temporary.
Do You Have A Complicated Bankruptcy?
7 November 2018
People from all walks of life end up needing the relief a bankruptcy can provide for them. Many consumers get in over their heads with credit card debt or medical bills. Others still suffer from huge financial losses with their investments, lose their jobs or suffer from an expensive divorce. The dollar amount of your bankruptcy plays just one part in how fast your case closes and how much it will cost you to file bankruptcy.
Bankruptcy Misinformation That Could Lead You Astray
24 September 2018
When a person gets into financial trouble or they have to amass a large amount of debt, it can pose a major burden. Escaping from this debt will be a major goal for taking back control of your financial destiny. For many individuals, inaccurate information about bankruptcy can steer them away from this potentially effective option.
Myth: Bankruptcy Protection Only Begins When The Proceedings Are Concluded
Those with large debts may find that they are faced with aggressive action from creditors.
Considerations To Make Before Deciding To Declare Bankruptcy
5 August 2018
When you're feeling in over your head when it comes to debt, it's easy to feel like there's no way out other than bankruptcy. But making the snap judgement to declare bankruptcy is not usually a smart move. Although there are certain financial situations that are best solved by bankruptcy, there are just as many situations that should be dealt with in other ways. It's important to spend time thinking deeply about bankruptcy and whether it's truly right for you.