Chapter 7: This will liquidate all your debt and will allow you to keep your home. Of course you have to be current on the monthly payments for you to be able to keep your home. If you are behind on your mortgage payments and want to keep your home; then filing chapter 13 will [...]
There are many myths circulating regarding bankruptcy. One of the most popular myths is that a bankruptcy debtor can pick and choose which debts are included in the bankruptcy discharge. This myth is simply the result of a misunderstanding of the discharge process. When you file bankruptcy you are required to honestly disclose all personal [...]
Do not get frustrated if you have hardships in your payment in your existing mortgage loan. You can now obtain a bad credit mortgage loan refinance alternative in repaying your loan. This will help you to develop your own credit worthiness and also aid to protect your house against foreclosure. Bad credit home refinance loan [...]
The first thing that anyone should do right after filing bankruptcy is get a free copy of their credit report. This is to ensure that nothing is on your credit report that should not be. You will also want to see what happens to your credit score. After bankruptcy you are going to notice that [...]
Your bankruptcy filing contains financial information that is accurate as of the day your bankruptcy is filed. This information paints a complete picture of all of your assets, debts, income, and expenses. Generally, the bankruptcy court has jurisdiction over your debts as of the day your bankruptcy petition is filed, called “pre-petition debts.” But what [...]