Many people that consider bankruptcy believe that when they file bankruptcy their home will go into foreclosure. If you’re not going to reaffirm your mortgage then yes it can go into foreclosure for non-payment. If you reaffirm your mortgage, you may continue...
Typically when a person is struggling financially, they explore all the options available to them before considering bankruptcy. Many times for these people the promise of debt freedom through consolidation seems like a viable option. However, when considering what...
Many people wait until the last minute of sanity before filing bankruptcy. Faced with extreme hardship and frustration, most people that consider it, don’t actually do it until they have nearly lost their minds fighting the uphill battle against financial...
TelexFree, a marketing and telecommunications firm, filed Chapter 11 bankruptcy last year in a desperate attempt to reorganize some of its outstanding debt. While the company may have expected to be relieved of some of its debt through Chapter 11, what they likely did...
Some people still believe that bankruptcy wipes out all their financial obligations including child support. While many paying parents may wish this were true, the truth is, bankruptcy doesn’t wipe out back owed child support or change a future obligation to...
