Filing a bankruptcy does not mean you will lose all your property. Exemptions are provided to every person who files a bankruptcy, which allows the filer to keep the property that property. In order to take full advantage of the exemptions available to you, you should contact an attorney well versed in pre-bankruptcy planning and...
Continue readingThe Basics of a Chapter 7 Bankruptcy
Filing a bankruptcy is sometimes a sound financial option for individuals or businesses (“debtors”) that are over-extended, have tried financial counseling, cannot make the necessary payments to decrease their loan/credit balances, or cannot pay their basic living/operations expenses. Chapter 7 and Chapter 13 are two of the most common bankruptcy chapters available. Your income, expenses,...
Continue readingA Fresh Start with a Forbearance Agreement
Whether you're about to fall behind on your mortgage or have already done so, a forbearance agreement avoids foreclosure while you catch up....
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