Four Things You Should Know If You Are Contemplating Bankruptcy
27 February 2018
Your personal finances may be at a point where you see no way out other than a bankruptcy. You probably know that it will damage your credit rating for several years, but at least you will get a fresh start. However, there are a few things you should know about bankruptcy.
You need to qualify for bankruptcy
It's not simply a question of deciding to file for bankruptcy; you must qualify.
Is It Time To File Again? Understanding Bankruptcy Filing Limits
6 January 2018
It's helpful to know that there are no limits on how many times you can file for bankruptcy. As long as you are qualified and have waited long enough, you will be allowed to file, whether that's 2 time or 10 times. The time limits listed below are all based on the date that your most recent bankruptcy was final, not the date that you first filed your paperwork. Read on to learn how long you must wait after both chapter 7 and 13 bankruptcies tofile again.
Are Your Retirement Plans Part Of Your Bankruptcy?
1 November 2017
One of the concerns that bankruptcy filers have is whether their retirement plans will be safe from the trustee. The trustee has the responsibility of reviewing your assets and determining if any of them could be put towards paying your debts. Depending on the type of retirement plan you have, there is a possibility that it is not safe. If you are planning to file for bankruptcy, here is what you need to know to protect your retirement plan:
2 Ways To Save Your Home From Foreclosure
11 August 2017
The thought of losing a home is scary for everyone. Unfortunately, financial crises happen and some families are faced with the prospect of foreclosure. If you are facing foreclosure, it is important to carefully explore your options before your lender takes possession of your home. To help you get started on finding a resolution, here are a few solutions that might work for you:
Ask for a Forbearance Agreement
Your lender likely offers the option to sign a forbearance agreement that would help you to avoid foreclosure.