By the time you've filed for bankruptcy, you've probably endured months of debt-collection calls and the stress of unpaid bills. Filing for bankruptcy should actually bring you a sense of relief and put a stop to the financial crisis. However, there's one thing that you need to do before you file for bankruptcy that's critical to keeping the process smooth. This is what you should know.
Change Your Bank
There are several reasons that you want to open a new bank account somewhere, all of which involve making sure that you have access to the money that you need for gas, groceries, and your regular monthly expenses.
Read More
When going through the process of purchasing a home, many buyers do not think to hire a real estate attorney and this is sometimes a huge mistake. The reason people don't hire a real estate attorney is usually because they don't want to spend extra money on the cost of purchasing a home, however, a real estate attorney can help you save much more than you will be spending on using their services.
Read More
If your bills are simply more than you can pay, you may want to consider filing for a Chapter 13 bankruptcy. This can help lower your monthly payments and take some of the financial stress off of you. The key to being successful in achieving this legal status is to understand some specifics of it. Knowing certain things about filing for this type of bankruptcy can prepare you in advance.
Read More
Many people are under the impression that a bankruptcy means that all of their debts will be discharged, and they will start over again with a clean slate. However, this is a false impression. The type of personal bankruptcy that comes closest to the idea of a having your debt wiped away is called a Chapter 7 bankruptcy, and there are several debts that are not covered. The following are three of these debts.
Read More
No matter what it was that caused you to fall behind on your mortgage payments, if you are now able to at least keep up with regular monthly payments but are having trouble catching up the past due amount, you might want to continue to read further. Make sure that you are considering the following ways you might be able to avoid the foreclosure of your home.
Apply For Loan Modification
Read More