Things change over time. From social norms to state laws, the way things were 80 years ago is not the way they are now. Not only has our view on fashion and politics changed, but so has our view on debt and finances. According to an article in USA Today, our modern...
Bankruptcy and Foreclosure Proceedings
USING THE BRUNNER TEST TO DISCHARGE STUDENT DEBT
Many people that file bankruptcy believe that student loans can't be discharged or even included in their filings. The truth is that while less than 1 percent of filers include their student loan debt in their bankruptcy petition, roughly 40 percent that do, get their...
HELP FOR WHEN YOU FALL BEHIND
Facing a financial crisis is one of the scariest events an individual or family can go through. Many times the individual facing the crisis will experience anxiety, depression or anger. Going through this alone can intensify these feelings, especially if they are...
WHO COMMITS MORTGAGE FRAUD?
Any type of misstatement or misrepresentation on a mortgage document is considered mortgage fraud. Mortgage fraud can be done at the hands of both buyers and the professionals they work with. Brokers, real estate agents and appraisers are just a few examples of...
WHAT SHOULD I BRING WHEN MEETING WITH A BANKRUPTCY ATTORNEY?
Taking the step to meet with a bankruptcy attorney can be extremely scary. Chances are, if you have come to this point you have experienced your fair share of struggle and harassment. While most attorneys are prepared to evaluate your case and offer suggestions, their...
3 THINGS TO KNOW ABOUT LOAN MODIFICATIONS
There are many reasons you might seek a loan modification. In most cases, the reason stems from something you can't control or prepare for, like the loss of a job or an unexpected illness. These hardships could make it difficult to pay your important bills, like your...
FIVE WAYS TO AVOID FORECLOSURE
When a foreclosure happens, no one truly wins – not the bank, not the real estate market and certainly not you. In a foreclosure, the bank typically takes a loss on their loan, the market receives a property that cannot be sold for top value, and you lose the most...
CAN I LOSE MY JOB IF I FILE BANKRUPTCY?
For many people considering bankruptcy, the real question isn’t whether or not they should file, it’s what should they expect after their bankruptcy has been discharged. Bankruptcy filers should always expect their credit to take a pretty major hit. In most cases,...
HOW CAN I AVOID REPOSSESSION?
Chances are, if you have hit hard times financially, you may also be facing repossession of your vehicle. Despite what you may think, your lender wants you to keep your car, and if making timely payments or catching up on your loan is out of the question, you may want...
UNDERSTANDING THE MEANS TEST CALCULATION
One of the biggest concerns for individuals wishing to file bankruptcy is knowing whether they are eligible for Chapter 7 or Chapter 13. Before 2005, qualifying for Chapter 7 bankruptcy was relatively easy. However, after the Bankruptcy Protection Act of 2005 was...