Category Archives: Bankruptcy
What to Expect at Your “Meeting of Creditors”
When you file for bankruptcy, the U.S. Bankruptcy Code Section 341 dictates that you attend what is known as the “Meeting of Creditors.” For many people, this is the most difficult aspect of filing for bankruptcy—even more difficult than the filing itself. This is because you are forced to face the very people you… Read More »
Should I Hire a Bankruptcy Lawyer?
Whether you lost your job and are on the verge of losing everything – you have sky-high medical bills that you simply cannot afford – or you got in over your head with debt and did not realize it until it was too late – you may find yourself faced with two options: file… Read More »
Short Sale, Foreclosure, or Bankruptcy? Which is the Better Option?
If you can no longer afford your mortgage payments or, worse yet, if you have missed several mortgage payments, the bank may have threatened to take your home. While it may be easier for you to just throw up your hands and let the bank have it, it may not be the best thing… Read More »
The Differences Between Chapter 7 and 13 Bankruptcies
Most people are familiar with Chapter 7 and Chapter 13 bankruptcies, but most people are unaware that there are actually six types of bankruptcies, each of which is titled after their chapter in the Bankruptcy Code. However, everyday consumers are eligible for just three, while one is for commercial enterprises, another is for municipalities… Read More »
Options for When You Cannot Make Your Mortgage Payments
If you have fallen behind on your mortgage payments and your lender has refused your application for a loan modification, forbearance, or repayment plan, you may be feeling at a loss as what to do. You do not want to foreclose on your home, but at the same, time, you do not believe that… Read More »
Can Bankruptcy Protect My Home From Foreclosure?
If you have fallen behind on your mortgage and cannot afford to pay your bills, you may feel at a loss as to what to do. The creditors are calling, threatening repossession and foreclosure. While you do not want to let your home or belongings go, you fear that you do not have any… Read More »
How to Use Bankruptcy to Eliminate Your IRS Debt
Life is often unpredictable, and while sometimes it can be so in a good way, it is more often than not the hardships that are unplanned for. Unfortunately, financial hardship is one of life’s many adversities that we fail to plan for. When, after months of being unable to pay the mortgage, putting groceries… Read More »
