Bankruptcy Law

A credit card consolidation works as a type of loan used to pay off credit card balances in order to make one monthly payment to a loan company instead of several payments to credit card...

A personal bankruptcy reaches a successful conclusion when the bankruptcy case receives a "discharge" from the bankruptcy court. A discharge means all post-bankruptcy petition debts have been...

Bankruptcy is intended to be a means of last resort to resolve a debtor's financial issues. If you are facing significant financial challenges, you may contemplate bankruptcy. However, before you...

As you contemplate filing for bankruptcy, one of your top concerns is what property can be saved in such a proceeding. Making a preliminary decision regarding the property you want to save in your...

A bankruptcy discharge is an injunction that immediately stops and further prevents creditors from collecting debt from a debtor. It is part of the relief a debtor can receive through bankruptcy....

Life after a Chapter 7 bankruptcy can be difficult, but how do you get rid of it? You can't, but there are some things you can do to make it seem less important to a potential creditor.

A business that owns real estate facing foreclosure is in a challenging situation. There are, however, options available to avoid a business foreclosure. By taking a proactive approach to...

A cosigner assumes equal liability on a loan or promissory note with another person; this is in contrast to a guarantor, who assumes liability only if the primary borrower defaults. If your...

Yes, you can apply for a loan modification while in bankruptcy.

Through the bankruptcy process you are able to enter into what is known as a reaffirmation agreement. This is a contract between you and a lender regarding a loan that is secured by...

If you are contemplating filing for bankruptcy and maintain a reverse mortgage, you may be wondering how such a legal action will impact your loan and ownership interest. Understanding how to file...

The federal government has created the HOPE for Homeowners and the Making Home Affordable Modification programs to help you work with your mortgage lender and reduce your payments to an amount you...

A foreclosure occurs when a homeowner has been behind on his or her mortgage and all attempts by the bank to get the homeowner to bring the loan current have failed. The exact process governing...

Having elected to pursue a Chapter 13 bankruptcy, you may be wondering whether you can refinance while your case is pending. You can get refinanced while in Chapter 13. The process for refinancing...

When you borrowed money to buy your house, you promised to repay that money and if you don't repay you promised to give up your house to pay off the debt. The legal process by which a lender takes...

If you are contemplating filing for bankruptcy, you likely have certain assets or property that you want to keep after the proceedings are completed. High on that list is your vehicle so that you...

A record number of people from across the United States are facing foreclosure on their residences as well as on commercial real estate. If you at ofre facing the prospect of foreclosure or if you...

One of the items your lender will ask for during the loan workout or loan modification process is a hardship letter. A hardship letter is a written explanation as to what “event” has caused you to...

Whether you are living paycheck to paycheck, overcome with debt, upside down on your property and facing foreclosure or simply a homeowner trying to get their fair piece of the $600 billion...

So many people are facing foreclosure. Hear you can find some great resources on how to save your home during the recession! Please remember that communication is the key! And time is of the...

If you are behind on your bills and being hassled by creditors, you may not need to file bankruptcy. The following are alternatives to filing bankruptcy that can fix your credit and save you...

Many housing loan companies look at bankruptcy similarly to the way that they look at first time buyers, and will offer mortgage loans. Learn how loan companies will look at income stability and...

Student loans cannot generally be discharged with a bankruptcy filing, but a separate motion can be filed to claim a student loan if there are special circumstances. Consult with a bankruptcy...

To get a loan after filing bankruptcy, be upfront about the bankruptcy and demonstrate a stable income and a positive debt to income ratio. Discover how people who have filed for bankruptcy can...

Foreclosures have skyrocketed in recent years as homeowners who thought they could afford their homes discovered that they couldn’t. One of the culprits were adjustable interest loans that looked...

In today's economy and especially with the burst of the housing bubble and continually increasing interest rate, more and more people are facing foreclosures. Adjustable rates are sky rocketing...

Filing bankruptcy can destroy your credit score, and it can take years to bounce back. But fortunately, there are ways to recover. In fact, many lenders offer programs intended to help people...

Generally, it is not possible to claim a student loan on bankruptcy and have it discharged so that you are freed of the obligation to repay. However, there is a narrow exception, called "undue...

Going through bankruptcy will change your financial life in many ways, including ruining your credit. Although your credit will take a major hit after bankruptcy, you can rebuild your score over time.

When you include a timeshare in a bankruptcy filing, you can eliminate your monthly maintenance fees and loan payments. Timeshare units usually sell for a tiny fraction of the amount you paid....

Even with a strong national economy, low unemployment and low interest rates, Americans are always subject to dealing with mortgage lenders arriving to foreclose on their homes. Housing experts...