Monthly Archives: November 2017
What is a Deed in Lieu of Foreclosure, and is it a Good Deal for You?
A deed in lieu of foreclosure is precisely what it sounds like: in order to be released from your mortgage obligation, you must sign over the deed to your home to the bank. Typically, homeowners file for a deed in lieu when they have received notice of foreclosure from the bank, and they want… Read More »
Will I Be Forced to Liquidate My Business in a Florida Bankruptcy?
When you started your business, you put everything you had into it, including your blood, sweat, tears, and yes, money. After you opened its doors, you continued to pour your hard earned income into making your business bigger and better. A lot of small business owners do this—invest their own income into their small… Read More »
Stop Digging Yourself Deeper Into Debt! Here’s How
There are few worse places that you can be than in debt, yet that’s just where many Americans find themselves all too often. For the average American, credit card debt in the vicinity of $16,000 is nothing to blanch at. The average household with any kind of debt does not think twice about an… Read More »
What to Expect at Your “Meeting of Creditors”
When you file for bankruptcy, the U.S. Bankruptcy Code Section 341 dictates that you attend what is known as the “Meeting of Creditors.” For many people, this is the most difficult aspect of filing for bankruptcy—even more difficult than the filing itself. This is because you are forced to face the very people you… Read More »
Should I Hire a Bankruptcy Lawyer?
Whether you lost your job and are on the verge of losing everything – you have sky-high medical bills that you simply cannot afford – or you got in over your head with debt and did not realize it until it was too late – you may find yourself faced with two options: file… Read More »
Understanding How Loan Modification Works
If you are unable to make your current house payments but do not want to foreclose on your home or go through forbearance, there is a glimmer of hope. Loan modification is available to select homeowners who want to decrease their monthly payments to make them more manageable. This involves changing the terms of… Read More »
Short Sale, Foreclosure, or Bankruptcy? Which is the Better Option?
If you can no longer afford your mortgage payments or, worse yet, if you have missed several mortgage payments, the bank may have threatened to take your home. While it may be easier for you to just throw up your hands and let the bank have it, it may not be the best thing… Read More »