If you are behind on your mortgage payments, it may feel as if you will never bring your loan up-to-date. Your loan may even be in foreclosure; once this happens, you are at a high risk of losing your home. However, if you want to save your home, one option that you should explore is filing for bankruptcy. Bankruptcy has a number of advantages that can help you keep your home.
27 February 2018
Considering a bankruptcy to clear your financial problems can be a positive and negative experience. The ultimate goal is to help you begin your finances again with a clean slate. However, there are some lasting disadvantages that will have an impact on your credit for several years. If you decide to move forward with bankruptcy, it is important that you do not become complacent. Your credit will improve, but you still must keep an eye on your credit report along the way.
16 January 2018
Personal injury lawyers typically work on cases where someone was physically injured and/or harmed by someone else's actions. However, not all injuries are physical. This is why you can sue for "pain and suffering" or "mental anguish." In cases where companies file for bankruptcy, and the future of your job is very uncertain, you might be wondering if you can sue for personal injury. Here is how personal injury law and bankruptcy law meet, and why you might have a case against your employer.
15 October 2017
For many American families, the cost of healthcare is a significant expense. In fact, medical bills are the source of many personal bankruptcy filings. If you've found yourself in this unfortunate predicament, you probably have many questions concerning the process and even your future financial standing. Getting at least some of these questions answered is helpful. A Medical Bill Is A Medical Bill When it comes to medical bills and bankruptcy, understand that a bill is a bill.
1 August 2017
The bankruptcy process can be a complicated and intimidating event, yet it can be a great solution for debt issues. If you recently filed and just found out the trustee dismissed your case, it might be wise to talk to your lawyer to find out what went wrong. Trustees can dismiss cases with prejudice or without prejudice, and you should understand the differences with these. Dismissals without prejudice If your case was dismissed without prejudice, it means that you likely made some type of mistake in your paperwork.
27 June 2017
You have went through all of the steps to get rid of those burdening debts you could no longer afford and now a lot of your credit history is wiped clean. However, because you have a bankruptcy listed on your credit report, establishing new credit can be somewhat of a challenge. Check out these few simple rules to follow to help you through the process of rebuilding your credit after filing bankruptcy.
5 June 2017
You've filed for bankruptcy and your debts have been discharged. Your bankruptcy will remain on your credit report for the next 10 years. That doesn't mean you have to wait 10 years to reestablish your credit. It may seem strange but many creditors will see you as a good risk once your bankruptcy is discharged. Why? Well, creditors know that you won't be able to file bankruptcy for another 10 years, which means they'll be able to go after you if you fall behind on your payments.
2 September 2015