Facing financial trouble can be difficult and stressful. This is even more difficult when you are facing foreclosure. However, while the thought of filing for bankruptcy may be scary, it actually gives you more protections than continuing to struggle or losing your home. Here is a list of pros to consider about filing for Chapter […]
New Rules are Here to Help You The Consumer Financial Protection Bureau (CFPB) has recently amended its rules under the Truth In Lending Act (TILA). The rules now require that mortgage companies and banks continue to provide monthly mortgage statements to debtors in Bankruptcy. Now, this is required, even when the mortgage is discharged. As […]
As with any area of the law, it is important to carefully select an attorney who will respond to your personal situation. The attorney should not be too busy to meet you individually and to answer questions as necessary. The best way to find a trustworthy bankruptcy attorney is to seek recommendations from family, friends […]
If you are considering filing for bankruptcy, you may be wondering under which chapter you should file. Before you make any decisions, you should take time to meet with a qualified bankruptcy attorney to go over the options that will work best for you. However, that is not to say that you should not take [...]
You may be wondering if filing for bankruptcy will prevent you from buying a home in the future. Would it surprise you to know that filing for bankruptcy can increase your credit score? It's true. Most people find themselves in a better position to make large purchases like a house after their bankruptcy. How Does It [...]
Some mortgage companies have been asking debtors to reaffirm their debt after filing a chapter 7 bankruptcy. What does this mean? Can you do this? Well, a reaffirmation agreement is a contract saying that you promise to repay a debt that would have been released in bankruptcy. So, if you reaffirm your mortgage, it means you […]
Most people who have arrears on their mortgage payments want to save their home and if you have equity in your home then you should consider a Chapter 13. The bankruptcy discharge eliminates your personal liability for the mortgage, however it does not remove the lien that secures the mortgage. Even after filing bankruptcy, the […]
Unfortunately, the costs of living and average household debt are ever-increasing. This makes foreclosure a reality for many Americans. Do you currently live in Southern California? Are you wondering if bankruptcy can stop foreclosure in Pasadena, CA? This is a common concern and one that fortunately, has a very inspiring answer. Residents of Pasadena, California […]
