People behind on credit cards declined, but people behind on mortgage payments increased. Huh? Don't people value their home more than a credit card? That was the conventional wisdom, ...
People behind on credit cards declined, but people behind on mortgage payments increased. Huh? Don't people value their home more than a credit card? That was the conventional wisdom, ...
"Is there any way to stop the debt collectors before I file bankruptcy? I can't stand the creditor harassment!" I get this question all the time. People report ...
Bankruptcy clients ask me all the time: "My husband/wife does not want to file, what if I do, does he/she have to ?" Nope. The bankruptcy code does provide for involuntary bankruptcy, but that is a complicated process in which creditors get together to throw a person or ...
You decided you will file bankruptcy, for sure, so when do you stop paying those pesky creditors? Hey, I am a lawyer, so the answer is: it depends. If you are keeping your house, keep paying the mortgage ...
The national foreclosure crisis is deep into the negative equity phase, as reported in the Christian Science Monitor this week. Negative equity, that is, your home is underwater, worth less than you owe on it. As I have ...
Filing bankruptcy ruins your credit, or so they say. "They" being the creditors, of course. I have filed a third Chapter 7 for at least three individuals, so, you know, ...
After you file Chapter 7 bankruptcy, you may be asked to reaffirm your mortgage. Asked by who? Why, the mortgage company, of course. Here in Michigan, most homes with mortgages are
You go through the process of filing Chapter 7 bankruptcy, get your bankruptcy discharge, your fresh start, and get on with your life Couple of years later, you try to sell or re-finance your home, and cannot, because ...
Debt drives people into bankruptcy. Student debt drives students into insolvency, that is, being broke, but many are not helped by bankruptcy. Student loans already saddle many college students with ...
Countrywide, one of my favorite villains, fessed up to cheating homeowners, in foreclosure, and even including those who had successfully completed Chapter 13 bankruptcy cases, out of tens of ...
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