If you are struggling with your debt, you may be looking at options for a way out. Bankruptcy can be a great option for a financial fresh start. But, how will you know if bankruptcy is right for you? Here's what you need to about what bankruptcy can do for you: So, What Does Bankruptcy Do? [...]
If you have a reverse mortgage and are worried about foreclosure, you may be looking at bankruptcy. So, will bankruptcy keep your home protected? First, you should know what a reverse mortgage is and how it works. So, How Does a Reverse Mortgage Work? A reverse mortgage is a loan. However, the homeowner needs to be [...]
For many people who had difficulties making mortgage payments due to the pandemic, forbearance options were available. However, what happens to your home when forbearance ends and you still need help? My Mortgage Forbearance Ended, Now What? For most loans, your mortgage servicer will offer payment plans to cover the missed payments. However, some servicers may [...]
Are you behind on your mortgage? Do you or someone you know needs help stopping a foreclosure? Do not give up hope! According to the Consumer Financial Protection Bureau (CFPB), there are added protections against foreclosure in place through the end of this year. Here’s what you need to know: So, What Kind of Help [...]
Are you overwhelmed with the size of your debt? Are you unsure about what you can do? Stop struggling with overwhelming debt. You have options! Can't Keep Up With Your Bills? First, take some time to put together your bills. Taking stock of your expenses and income will help you get the best idea of [...]
Are you aware that the homestead exemption for personal residences increased on January 1, 2021? Here is what you need to know: So, What is a Homestead Exemption? The homestead exemption will be applied when a creditor tries to enforce a judgment against a qualified residence. Typically, this does not apply to enforcing property taxes, [...]
Coming to the decision to file for bankruptcy can be a difficult decision. So, you want to be sure that you are taking the right steps before filing. A mistake in bankruptcy can make it difficult to achieve your fresh start. We want you to be in right place before filing. Below are a list of [...]
Are you a homeowner that is struggling? Have you heard about Proposition 19? Prop 19 is also known as The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. This Act has special rules to help eligible homeowners. There are two sections to Proposition, which will take effect on [...]
Are you concerned about what to do about a charged off debt? Maybe you saw a debt marked as charged off on your credit report. This does not necessarily mean that you do not owe the debt anymore, so be careful. You also should be aware of how a charge-off works if you are in [...]
Did you know that a new reform bill has been introduced on behalf of consumer debtors? Senator Elizabeth Warren and House Judiciary Chair Jerrold Nadler introduced the Consumer Bankruptcy Reform Act 2020, which will make improvements to current bankruptcy law. Improvements Include: Allowing student loans to be dischargeable through a debt-specific repayment plan Reduction in [...]
