A Big Benefit to Owing Lots of Business Debt: Skip the “Means Test” and Qualify for Chapter 7
If you owe more business debt than consumer debt, then you can avoid not only the "means test" but also some other roadblocks to a successful post-business Chapter 7 bankruptcy case.
Getting a Handle on Your Income and Business Taxes Through Bankruptcy While Your Business Forges Ahead
Could your small business survive and even thrive if you could just get better terms for payment of your back tax debts?
Irony by Perjury Adds Insult to Injury: from Lender Robo-signing to Foreclosed Homeowners Begging for Scraps from the National Mortgage Fraud Settlement
Homeowners who lost their homes to foreclosure may need to commit perjury to get restitution payments through the settlement. That would be the deepest kind of insult on injury.
Update on the Cash Distribution to Foreclosed Homeowners from the National Mortgage Fraud Settlement
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.
Dealing with Accusations of Business Fraud through Bankruptcy
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?
Protecting Yourself When Your Business Has to Throw in the Towel
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?
Your Sole Proprietorship Business Rescued by Chapter 13
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.
Is the Home Affordable Refinance Program (HARP) 2.0 New and Improved Enough to Help YOU?
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.
Ten Terrific Tools for Saving Your Home through Chapter 13–Part 2
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.
Ten Terrific Tools for Saving Your Home through Chapter 13–Part 1
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.
Getting Just Enough Help for Your Home through Chapter 7
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?
Reasons to Do a Short Sale? Maybe Not
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.
Short Sales: Seldom Easy and Often Not What You Expected
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.
Fannie Mae and Freddie Mac Now Say that Mortgage Principal Reductions are Good for BOTH Homeowners AND Taxpayers
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?
Fannie Mae and Freddie Mac Putting “Profits Before People”?
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?
