Category Archives: Chapter 13
Atlanta Bankruptcy Attorneys See More Homeowners Default on House Than On Credit Card
What if you had two choices: Pay the mortgage each month, or pay your credit card bill? In the past, choosing was a no-brainer – put the money towards the roof over your head. But increasingly, Americans are starting to prioritize credit cards, meaning the mortgage gets left by the wayside, according to Atlanta bankruptcy… Read More »
Chicago Bankruptcy Attorneys See More Americans Paying Credit Cards Instead of Mortgage
Somehow our priorities got switched around during the Great Recession. Homeowners who used to prioritize paying their mortgage above all else are now opting to use that money to pay their credit card bills, Chicago bankruptcy attorneys say. In a way, it’s a strategy that makes sense. One-quarter of American homeowners are underwater – meaning… Read More »
Atlanta Bankruptcy Attorneys Say Asking For Advice Can Be Fastest Way Out of Debt
When we want to know if that sweater comes in our size, we ask a sales clerk. When we’re lost, we (hopefully) ask for directions. Yet when it comes to getting help with our debt, all of a sudden it’s mums the word, say Atlanta bankruptcy attorneys. Even though the vast majority of Americans are… Read More »
Chicago Bankruptcy Attorneys Say Sometimes Lowering Debt Is As Easy As Asking For Help
When your car is in the shop, you know you can ask a friend for a ride. When you find a new home, you trust you can rely on your family to help you move. But when it comes to getting help with debt, most of us don’t even bother to ask, Chicago bankruptcy attorneys… Read More »
Chicago Bankruptcy Attorneys Say Government Loan Program Helped Make Foreclosure Crisis Worse
The word is out – the $75 billion loan modification program meant to protect homeowners from foreclosure has actually made the situation worse. Out of the millions of Americans facing foreclosure, Uncle Sam’s program modified mortgages for just a few hundred thousand – some of which ended up going into foreclosure anyway. Now critics are… Read More »