from The American Bankruptcy Institute
Filing for bankruptcy has helped many debtors save their home by giving them more time to get caught up on payments or even prevent foreclosure. But, if you are considering Chapter 7 as an option regarding missed mortgage payments, you may need to review this with your bankruptcy attorney to see if this will remedy [...]
When you file bankruptcy, the automatic stay goes into effect which stops collection attempts from creditors. Yet, this may have a different effect on a tax lien depending on your situation. A tax lien is when a taxing authority, such as the Internal Revenue Service (IRS) or state government, places a lien on your property [...]
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This is a common question among debtors who either don’t own their home, or are still making mortgage payments. Some homeowners worry about what will happen to their house when they file bankruptcy. It helps to understand your options prior to filing based on your unique situation. In most cases, debtors end up keeping their [...]
Bankruptcy may help stop a number of collection attempts from creditors depending on your situation. Many people have a habit of ignoring or neglecting collection notices from creditors and wait too long to begin the filing process. Meaning in some cases, it may have made sense legally to file sooner to avoid further action being [...]
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Whether you are struggling in getting debt obligations paid such as medical bills, personal loans, credit card debt, mortgage payments, or student loans, chances are you are not alone. Every year bankruptcy is filed by millions of consumers who are tired of struggling in trying to make ends meet and want a fresh start. As [...]
While it is true there are special requirements to meet in order to get student loan debt discharged in bankruptcy, more debtors are being granted elimination of the debt. Recent reports have reviewed a number of previous bankruptcy filings by consumers over the last few years that have included student loan debt, and the outcome [...]
Filing for bankruptcy with limited income is possible, but it often depends on personal circumstances. In such situations, debtors may qualify to file Chapter 7 instead of Chapter 13 bankruptcy. In Chapter 13, you agree to a repayment schedule approved by the court based on your ability to repay. If your debt obligations qualify for [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 11, 2013 Debt collectors and credit reporting companies bracing for intense scrutiny after the government’s watchdog group unveiled broad plans to regulate financial firms Corporate Insiders Shift From ‘Buy’ to ‘Sell’ as Bankruptcy Nears Court Rejects Bid to Put [...]Bankruptcy News for You
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