eHow launches Android app: Get the best of eHow on the go.
The Mortgage Forgiveness Debt Relief Act is a law that was passed by the United States Congress in December 2007. Because of the growing economic crisis, including millions of foreclosures around the country, it became necessary for the federal government to intervene. Typically, when a lender forgives part of a debt that is owed,... more »
If you are the owner of a piece of real estate--including your home--that is facing the prospect of foreclosure, one alternative course that you can consider pursuing is negotiating a short sale of your property. A short sale is one in which the mortgage lender agrees to discount the existing loan to a point that will allow for a... more »
Bankruptcy doesn't always mean a person is completely wiped out or a company is out of business. In fact, increasingly, the opposite is usually true. Bankruptcy is a branch of law with many types, all of which seek to help debtors get out from unbearable debt and help creditors recover as much of their money as possible. In the... more »
Bankruptcy is a legal state wherein an individual or entity declares it is unable to meet its financial obligations. In some cases, bankruptcy involves some debt forgiveness, particularly of credit card debt, but other forms of debt are notoriously difficult to absolve, such as alimony, child support, taxes and student loans. more »
Most people probably think going bankrupt means losing everything, selling all your assets and starting over from scratch. In reality, bankruptcy is designed to help debtors, and even in a bankruptcy liquidation, they're able to retain some of their assets, as they have a lot of their debt forgiven. Because of a change in the laws in... more »
With mounting debt, some people or corporations have no option but to declare bankruptcy....
Almost everyone goes through times when their personal financial situation seems...
In tough economic times or during temporary financial hardship, it can be difficult to meet every financial obligation. However, not paying your... more »
Few mortgage lenders are willing to provide mortgage-debt forgiveness. However, in some circumstances, the lender may be willing to forgive a... more »
The laws surrounding credit card debt forgiveness are indeed a tricky slope to navigate. Anyone who has ever run into financial problems because... more »
At tax time, it's important to know what a 1099-C form is and how you should claim it on your forms. A 1099-C form is one sent by a creditor that... more »
The goal of any bankruptcy is the discharge of legal obligations associated with consumer debts, such as loans or credit card bills. An approved... more »
Connect with people who share your interest by joining one of our Groups:
How to Get Fired Gracefully
How to Stop a Shopaholic
How to Feed Your Neighbor
Info on Caribbean Vacations
Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy. en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
