Category Archives: Chapter 13
How to Find a Good Bankruptcy Attorney When You Need Help Getting Out of Debt
A great bankruptcy attorney is kind of like a great dentist. No one wants to get a root canal, right? But when you’re suffering and the situation isn’t going to get better on its own, a good dentist has the professional skill to expertly repair your problem – and the people skills to make the… Read More »
Despite Common Belief, Many Debt Plagued Homeowners Can File for Chapter 7 Bankruptcy
For thousands of deeply indebted Americans, Chapter 7 bankruptcy has been a saving grace. But thousands more consumers are missing out on the opportunity for a fresh start because they mistakenly believe they can’t file for Chapter 7 due to their status as homeowners. It’s a common myth that homeowners must file Chapter 13 bankruptcy… Read More »
Foreclosure Rate Falls to New Low, But Most of Decline Occurs Only in California
It’s still only February, and already 2013 is shaping up to be a better year for the housing market. Recently released data indicates that we’ve surpassed the peak of the foreclosure crisis. According to RealtyTrac, foreclosure activity – which includes default notices, scheduled auctions and repossessions – fell 7 percent since last month and a… Read More »
Fewer Homeowners Missing Mortgage Payments…But Existing Delinquencies Aren’t Improving
A recent report on mortgage delinquencies could be taken as good or bad news, depending on your financial situation. New information from credit bureau TransUnion shows that, if the number of borrowers who have missed their home loan payment for a year or more were excluded from the data, the U.S. delinquency rate would be… Read More »
Fear of Losing Personal Items in Bankruptcy Often More Myth than Reality
For many, bankruptcy is the single most reliable and realistic way to get out of debt. Yet countless eligible borrowers will never file thanks to a commonly-held fear. Most folks believe that if they seek bankruptcy protection, they will lose their possessions, from cars to TV sets. But in most cases, that’s simply not true…. Read More »