Latest on the Bankruptcy Blog

When your mortgage is more than what the home is currently worth, finding a way out from an underwater mortgage can be challenging. Most people probably don’t want to hassle or ramifications from a foreclosure, which can leave a sense of urgency to find a solution. Although short sales are one option that can resolve  … Read more

For months political officials on in both parties have been debating about the best way to resolve our nation’s debt and budget crisis. Adjusting the national borrowing limit a few months back may have bought more time to resolve conflict, but it appears as though time is not enough to reach a deal that both  … Read more

Many people will brave the crowds and face the storm of people trying to secure Christmas presents at a discount. While this year isn’t predicted to be the strongest year for retail, many people will still overspend this year. Since personal debt burdens have pushed many into actions such as bankruptcy, debt settlement or credit  … Read more

You may have seen advertisements for companies that offer to pay you money now for money that you would be getting later. The most well known  of such companies is J.G. Wentworth, which says they will pay you “one lump sum of cash” and go by the slogan “It’s your money. Use it when you  … Read more

Anyone considering filing for bankruptcy must choose which type of bankruptcy to file and then meet eligibility requirements for that case filing. Qualifying for Chapter 7 is more difficult because it requires a debtor to be under strict income limitations. For those who do not qualify Chapter 13 bankruptcy is available, which generally has fewer  … Read more

If you are experiencing high debt loads, you are probably aware of the effects it has had on your credit. Because credit scores are calculated from many factors, one slip up  in an area can cause your score to drop.  However, there are a few easy ways you can boost your score with fairly little  … Read more

Many of us plan to get better about our finances and may even set goals for the new year, but how many of us really follow through with the plan? Studies show that less than half of Americans report having a legitimate budget outlined for their money and expenses. Even fewer report finding any importance  … Read more

The foreclosure process is not  kind to homeowners or tenants of rental properties. Both parties stand to lose and both may experience the undue stress of eviction. Whether you are a homeowner occupying a primary residence in foreclosure or you are a tenant of a rental property being foreclosed on, there are important things to  … Read more

A mortgage modification can be a great tool to help relieve your mortgage debt troubles and avoid foreclosure. However, there are a few factors that influence your chances of successfully obtaining a mortgage modification that is beneficial to you. Your Lender It is important to remember that your lender is the only one who can  … Read more

Whether you are applying for a credit card or mortgage loan, getting the best deal on the terms of your line of credit is important. No one wants to waste hundreds to thousands of dollars in outrageous interest rate fees, but getting a good deal isn’t always easy. The credit system is extremely sensitive to  … Read more