What qualifies you to receive the $1,500 to $2,000 restitution payment for losing your home to foreclosure? More clues have just become available.
When a small business fails, its owner or employee is sometimes accused of causing or hastening that failure through fraud or other intentional bad behavior. If that person is already considering filing a bankruptcy to deal with the financial fallout of the closing of the business, how are those accusations going to be handled in that bankruptcy case?
If you're seriously considering closing down a struggling business, you are likely very concerned about personal damage control: how do you end the business without being pulled down with it?
Do you have a small business in your own name that would be successful if it only got a break from its debts? A Chapter 13 case would likely greatly reduce both your business and personal monthly debt service while you continued to run your business.
Under new rules coming on line, HARP is now available for refinances no matter how far your home is underwater. The 125% loan-to-value cap is no more.
Here are the other 5 powerful home-saving tools. Chapter 13 isn't for everyone. But these tools, especially in combination, can often give you what you need to tackle and defeat your mortgage and other home-debt problems.
Powerful Chapter 13 gives you tools to solve your mortgage problems from a number of different angles. Plus it gives you other tools to deal with tax, support, and judgment liens on your home.
When does filing a Chapter 7 "straight bankruptcy" case help you enough so that you don't need a 3-to-5-year Chapter 13 case?
Besides avoiding a foreclosure and its hit on your credit record, you may have other sensible reasons for looking into a short sale of your home. Let's consider those other reasons.
A short sale of your home is sometimes your best alternative. But short sales often do not successfully close, and even when they do you may get a rude surprise.
Will Fannie and Freddie finally be making mortgage principal reductions now that their own analysis shows that doing so would benefit their own financial health--and make them better able to repay billions owed to U.S. taxpayers?
Now that Fannie and Freddie are essentially owned by the taxpayers, why aren't these institutions doing more to help homeowners? Particularly, why are they so adamantly against allowing mortgage principal reductions?
My own professional experience about the dangers of filing bankruptcy without an attorney is validated by carefully analyzed data.
Getting a lawsuit filed against you by a creditor starts a very fast-ticking alarm clock. Don't hit the snooze button on this one.
Wage garnishments are stopped instantaneously . . . except that different state laws and procedures can effect what happens to the current paycheck.
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