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How Can the Government Help You Stop Foreclosure?
Will Filing Chapter 11 Help Stop Foreclosure?
Which Is Worse: Bankruptcy or Foreclosure?
Can Bankruptcy Stop Foreclosure?
How Does Foreclosure Work?
How to Use Chapter 13 Bankruptcy to Stop Foreclosure
What Happens if My House Goes Into Foreclosure?
About Government Programs to Stop Foreclosure
About Hardship Letters to Stop Foreclosure
Can I Quit Claim to Stop Foreclosure?
How to Stop Foreclosure on a Home With the USDA
How to Put an Emergency Stop on a Foreclosure
How to Stop Foreclosure with HUD
How to Stop Immediate Foreclosure
How to Stop Foreclosure Due to Lender Fraud
How to Stop IndyMac Foreclosures
How to Stop Foreclosure Legal Proceedings
How to Stop Foreclosure Legally
How to Stop a Florida HOA Foreclosure
How to File Bankruptcy to Stop Foreclosure
How to Stop Foreclosure in Florida
How to Stop the Foreclosure & Sheriff Sale of Your Home
How to Avoid Foreclosure
About the Mortgage Foreclosure Process
About Foreclosure Rights for Homeowners
About Voluntary Foreclosure
What Is a Judicial Foreclosure?
About Wrongful Foreclosure
About Foreclosure Law
A bankruptcy petition is an official document of the court that initiates the bankruptcy proceeding, and i… More
Bankruptcy is one of the most unpleasant financial experiences possible. The majority of bankruptcies file… More
Tradition and proper procedure are important to courts, in part because it simplifies the task of organizi… More
Filing for bankruptcy will not stop a mortgage foreclosure, but it may delay the foreclosure so that payme… More
A secured claim in bankruptcy means that the bankruptcy filer is secured to a specific item or items of th… More
Bankruptcy and foreclosure can both be bad situations, and determining which is worse depends on the indiv… More
Chapter 7 bankruptcy essentially amounts to a liquidation of the debtor's assets to pay off debts to the f… More
Active duty members of the military are able to file for bankruptcy, even though they are generally held t… More
Chapter 13 allows an individual to declare bankruptcy, thus removing the right for creditors to collect fr… More
Summary: Bankruptcy and foreclosure can both be bad situations, and determining which is worse depends on the individual's situation. Decide whether to liquidate assets or sell a home to pay off a mortgage with help from a civil mediator in this free video on foreclosure law.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more
"You have incurred tough times recently and you are facing the prospects of not making your mortgage payments and you're not able to make the minimum balance payment for your credit cards and so it's looking like gee, do I file bankruptcy, do I let them foreclose on my house? Which way do I go? Hello, I'm Robert Todd and I'm here to answer the question "Which is worse: filing bankruptcy or allowing mortgage foreclosure?" And it really is going to depend on your specific situation. Neither is a desired consequence of working for a living and making payments on your bills. But, each has its place. If you cannot make the payments on your home and you think that the house is worth sufficient money to sell and pay off the mortgage, that may be a consideration. Likewise if you think you can liquidate a sufficient number of assets to pay off your debts that may be an answer. Or it may actually require a combination of both. If you are undecided you may seek professional assistance through a financial counselor or a bankruptcy attorney. Or someone who deals in mortgage foreclosures or a combination of all three. I'm Robert Todd and thank you for watching."
eHow Article: Which Is Worse: Bankruptcy or Foreclosure?
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