Are you so underwater in your total mortgage obligations you are considering walking away from your home? Can’t get a decent home loan restructuring from your bank due to a second mortgage? There may be a way out – if you are willing to undergo the drastic step of filing a Chapter 7 bankruptcy. During [...]
Entries Tagged as 'Chapter 13'
You Can Use Bankruptcy To Void a Second Mortgage
May 10th, 2011 · No Comments · Bankruptcy
Tags: Bankruptcy·Chapter 13·Chapter 7·Chapter 7 bankruptcy·first mortgage·petition court·second mortgage
To File or Not to File – That is the Bankruptcy Question
March 8th, 2011 · No Comments · Bankruptcy
If your credit card debt has gotten out of control and you can’t pay on them any longer, you might be considering bankruptcy (BK). You may have heard conflicting advice about whether or not to file. Dave Ramsey advocates not filing, and I tend to agree with him. Why don’t I recommend it? The biggest [...]
Tags: bad credit·car payments·Chapter 13·Chapter 7 BK·Credit card debt·Dave Ramsey·Mortgage·pros and cons·protection from creditors
Is a Discharged Bankruptcy Removed From My Credit Report?
December 17th, 2010 · 1 Comment · Bankruptcy, Debt Collection
Q. Can a Chapter 13 be removed from a credit file if that Bankruptcy is discharged? A. Just because a bankruptcy is discharged doesn’t mean it will be removed. This is true whether it is a Chapter 13 bankruptcy or a Chapter 7 bankruptcy. Briefly, a Chapter 13 bankruptcy is where you repay all of [...]
Tags: banktruptcies·Chapter 13·Chapter 7·collection·court monitored program·Discharged Bankruptcy·dismissed·Fair Credit Reporting Act·paid debts
