Many times family members are bequeathed a home from their parents. In some cases there is dissention amongst the benefactors as to what should be done with the home. Then one of the new owners goes into bankruptcy, and all of a sudden this house that they are part owner of is now part of  … Read more

No doubt you are wanting an entirely clean financial start at the conclusion of your bankruptcy. Therefore you are anxious to know what is going to happen to the individual debts that you have. One debt that many have is the homeowner’s association fee. These are ongoing dues and depending on which bankruptcy you are  … Read more

Being in debt is not a pleasant situation to be in. It can result in the debt burden becoming so great that it spirals out of control. People in this situation become desperate and live in constant fear of losing what assets they may have. They are constantly having to deal with the incessant nagging  … Read more

Contrary to popular belief, it is possible to apply for and receive another mortgage after filing for Fort Worth bankruptcy. But it is important to understand the proper way of going about the process. Chapter 7 bankruptcy requires the debtor to completely discharge the debt before applying for a new mortgage. Chapter 13 bankruptcy allows  … Read more

Each year, thousands of people file for bankruptcy and the opportunity for a fresh financial start. While bankruptcy may put a temporary damper on financial freedom in its immediate aftermath, it isn’t as limiting as people believe. With proper money management, it’s possible not only to get credit cards after filing for bankruptcy, but even to make  … Read more

Despite the strengthened U.S. economy, many homeowners are still behind on their mortgages. Fortunately, there are many options for homeowners with underwater mortgages, but the choices can be overwhelming. From filing for bankruptcy to a loan modification, homeowners will do what it takes to avoid foreclosure. Even the federal government has gotten involved, enacting the  … Read more

With mortgage defaults composing many of the Texas bankruptcy cases, it’s important for homeowners to know how they can protect themselves from potential pitfalls. Falling behind on mortgage payments is one of the most common pitfalls that leads to bankruptcy. Fortunately, homeowners that catch the warning signs early can take actions to safeguard their finances  … Read more

One of the prevailing concerns for individuals who file for bankruptcy is whether or not they lose their house in the process. Furthermore, homeowners struggling with mortgages have the decision to “reaffirm” their mortgage, but this isn’t a mandatory determinant to keep their home. If the equity in the house and property is exempt during  … Read more

While many industry experts agree that there are some positive indications found in the slowing foreclosure trend, many others point out that the road to recovery is still far in the distance. While the bankruptcy process has been able to help many people avoid foreclosure and regain control over their mortgage payments, there is still  … Read more

With homeowner debt becoming a leading cause of bankruptcy, it is important to understand the relationship between mortgages and bankruptcy. How will filing for bankruptcy affect your mortgage? Can you protect yourself against foreclosure in the case of a bankruptcy filing? Will reaffirmation help or hurt you during a filing? These are all important questions  … Read more