Many people don’t realize, until it’s too late, that they’re on the slippery slope to financial ruin. BankRate.com says there are many signs you are flirting with it. Late-night cable TV advertising offers “debt settlement” for a fraction of amounts owed, but this is a scam that can leave you in a deeper hole. The … Continue reading Signs You May Need Financial Help
Whether you’ve lost your job, are carrying an excessive amount of credit card debt, or have big medical bills and are dealing with mounting debt, you may have considered filing for bankruptcy to get a fresh start with your finances. A recent FindLaw.com survey revealed that one in eight Americans, or 13% of us, have … Continue reading Bankruptcy Filings Rejected
A question I get quite often from clients thinking of filing for bankruptcy is how long the actual bankruptcy case will last. The answer to that question depends on what type or chapter of bankruptcy you will be filing. Chapter 7 bankruptcy cases are relatively short matters that are wrapped up in a few months … Continue reading How Long Does a Bankruptcy Take?
Foreclosure. It is still a source of pain and fear for homeowners who are struggling financially. It is still a damper on the housing market here. With all the attention that the foreclosure crisis has received from The Rep and other media since the housing crisis began, you might think that there is little more … Continue reading Foreclosure Myths
New York’s economy is struggling through a perfect storm caused by the implosion of the construction and real estate industries and exacerbated by record high unemployment. Many people can barely pay their daily living expenses, and in some cases, they must choose between paying an “upside down” mortgage or their living expenses. For some, bankruptcy … Continue reading Don’t Wait To File Bankruptcy
If your home is going though foreclosure and you are going through Chapter 7 bankruptcy, there is a way to stop the foreclosure process. It will not be easy and there is a lot of paperwork that has to be done, but it is possible. You may be required to appear in court and meet with your … Continue reading Chapter 7 & Foreclosure
Over the last several years, companies have continued to file for bankruptcy protection at growing rates as a result of struggling markets and economic conditions. The good news is that bankruptcy can be a viable option for turning a company around if the proper time and planning is invested. But how do you know if … Continue reading How businesses can prepare for bankruptcy
Usually, the very last thing any person wants to do is file for bankruptcy protection. So much so that the average person will wait two years longer than he or she should have before filing. Under a typical scenario, a person likely will have stopped answering the telephone – or jumped when it rings – … Continue reading When is it Time to File for Bankruptcy
For many people, filing for personal bankruptcy is an option that carries with it personal stigma and many unknowns. Persistent myths swirl around the process that are either half-truths or completely false. There is more than one type of personal bankruptcy filing, and each has its own rules and consequences, but the ultimate goal of … Continue reading Five Myths About Bankruptcy
The real estate market has caused more financial disaster to families than ever before. Property values have plunged up to 50% or more in some areas and few experts predict any kind of growth for years to come. In 2010 the number of non-business bankruptcies surpassed 1.5 million reaching a 5 year high and some … Continue reading Filing Bankruptcy Things You Must Do
