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  • Why canít everyone avail the benefits of chapter 13 bankruptcy?  By : Judy Dixon
    Filing for bankruptcy can be erroneous at times, and the mistake can often prove to be very costly. Few people realize bankruptcy can lead to long-term repercussions.
  • Loan Modification- Serves Fruitful in Reducing Mortgage Payments & Avoiding Foreclosures  By : Mark Haven
    Loan modification today is regarded as the rightful solution that helps in reducing mortgage payments as per the borrowersís present financial condition letting them stay in their homes and avoid foreclosure.
  • Bankruptcy Can Stop Foreclosure  By : Mark Haven
    Bankruptcy can prove fruitful for those who want a put a stay onto the foreclosure proceedings and relating to it Chapter 7 and 13 bankruptcy plan can be files to stop foreclosure proceedings.
  • Is there Credit after Bankruptcy?  By : John Stewart
    FUTURE CREDIT - One of the most frequent questions I receive as a Bankruptcy lawyer, is "How will Bankruptcy affect my future credit?" It is true that credit records are very important and getting more important every day. Many employers have started requesting credit reports, and certainly credit is necessary to purchase a house and in most cases a car. That is why I usually don't recommend filing bankruptcy if you have good credit. If you can avoid "ruining" your credit, you certainly should! Bankruptcy will bring down the infamous FICO credit score by at least 100 points immediately.....but sometimes it can raise the FICO score by the same amount. Usually, within a year or so after the bankruptcy is over, and the Discharge is received, an individual's credit score is better than it was than before he or she filed bankruptcy.
  • How Long Does Foreclosure Take?  By : John Stewart
    In Foreclosure

    Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose?

    First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is a default under the terms of most loan documents, lenders have neither the time nor the desire to foreclose on borrowers who have missed one payment. The process will be initiated when it becomes clear that the debt can no longer be serviced. This post deals with the timing of a foreclosure once your lender has started the process and has instituted a foreclosure action against your property.
  • Yaser Arafat of Bankruptcy?  By : John Stewart
    Exemption laws are crucial to any personal bankruptcy filing. Indeed, the availability of exemptions is usually key to the determination of whether to file bankruptcy in the first place. If the debtor has significant amounts of property that could potentially be lost in a chapter 7 liquidation, chapter 13 may be the answer. Even in a chapter 13 setting, the value of nonexempt property may determine the minimum that must be paid to unsecured creditors. All bankruptcy lawyers can agree about the fundamental importance of the exemption laws, however, sometimes it can be tricky figuring out which state's exemption laws apply.
  • Changes in Mortgage Payments in Chapter 13 Cases  By : John Stewart
    A Chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period "for cause." If the debtor's current monthly income is greater than the applicable state median, the plan generally must be for five years. In no case may a plan provide for payments over a period longer than five years. 11 U.S.C. ß1322(d). During this time the law forbids creditors from starting or continuing collection efforts.
  • Will Bankruptcy Stop Wage Garnishments?  By : John Stewart
    The short answer is yes. Once your case is filed, creditors are no longer entitled to garnish your wages for debts that existed at the beginning of the case. The only exception may be for on-going child or family support ordered by a court. This is a function of the automatic stay. The filing of a bankruptcy case, under any chapter of the Bankruptcy Code, triggers an injunction against the continuance of any action by any creditor against the debtor or the debtor's property.
  • How Can I Repair My Credit?  By : John Stewart
    Whether you have filed Bankruptcy or have faced foreclosure, repossession or a delinquency on a loan, it is a fact of life that your credit score can fluctuate. Access to credit is important when applying for a car or home loan or when starting a new business, the lower your credit score, the higher your interest rate will likely be. FICO scores range from 300 to 850; the median score is 723. To get the best rates, youíll usually have to have a score of at least low- to mid-700s, so how can you repair your credit score after it has been damaged? Unfortunately, it is far easier to bring your credit score down than it is to make improve it. Neverthelless there are steps you can take:
  • Bankruptcy Attorneys - Choosing the Right Counsel  By : Anthony Russell
    When debtor decides filing for bankruptcy, itís because he or she does not have enough money to pay off the creditors. Thatís the basic cause - lack of money.
  • Top myths about bankruptcy  By : Richard Scott 1
    Itís important that you know thy enemy. If you donít, you might fall for some of the oldest con tricks in the book.
    Bankruptcy, much like other processes, has many myths that surround it. There are many urban legends that either entice people or scare them off. Here are a few of the more common bankruptcy myths.
  • The Advantages of Free Checking and Mortgage Calculator  By : Jhoana_Cooper
    The explosive growth of Internet technology paved the way for new facilities and services that you can get for free. This is particularly true in the financial and banking sector. You can now easily get free checking account online. Free checking is a great financial tool which you can use to pay bills or purchase products or services. And if you are planning to buy a house, you can easily take hold of free mortgage calculator. This tool eliminates the need for complicated computations bec
  • All you wanted to know about Diet Pills  By : Jhoana_Cooper
    Nowadays with the sedentary lifestyles that we lead and the dependency on junk food high in fat and sugar for lack of time to prepare home cooked meals, we are falling prey to obesity. It is no wonder then that so many people are constantly looking for diet pills as an easy and fast alternative to losing weight. Not long ago the FDA has approved the Alli diet pill as an OTC (over the counter) product to help people lose weight. The Alli diet pill is a lower strength form of Orlistat which is a
  • Rebuilding Credit after Bankruptcy - Tips and Suggestions  By : Judy Dixon
    Reestablishing new credit ratings takes time. Itís not an overnight process. The important thing is itís possible, and it can be done. One has to be patient, and persistent. So itís advisable to consult a bankruptcy attorney before filing for a bankruptcy.
  • Chapter 13 bankruptcy and what are its pros and cons  By : punu
    Filing Chapter 13 bankruptcy can benefit you if you have failed in all your attempts to get rid of your outstanding debt. With the help of Chapter 13, you can avoid foreclosure and also repay some or all of your debts over a specific time period; it usually takes 3 Ė 5 years to repay your multiple debts. Chapter 13 is also referred to as reorganization bankruptcy or a wage earnerís plan.
  • How to choose a Bankruptcy Attorney?  By : Anthony Russell
    In case of bankruptcies, the bankruptcy lawyer plays a very crucial role in deciding the future of your business. The attorney represents the debtor to the best of his or her ability, and tries to arbitrate with the creditors to get some leeway in terms of time frame or debt commitment.
  • Filing Bankruptcy Online : For A Smoother Bankruptcy Process  By : Judy Dixon
    Now days, with the wide availability of bankruptcy form processing services on Internet, filing bankruptcy online has now become easier and the good part of the story is that the process is very easy and time saving.
  • Massachusetts bankruptcy  By : amon 4
    The credit card companies want your debt to increase so they can make more money from you. For them, it is simply a business decision.At some point, many people cannot pay the minimum payments and are in over their head. Then the letters and calls start.
  • Bankruptcy And Attorneys - Part 1  By : Judy Dixon
    Ideally, the debtors are not advised to avail the benefits of Chapters 7 and 13, and financial experts often advise against filing for bankruptcy. However, the fact remains not all business concerns and individuals are eligible for other alternative facilities of debt consolidation or debt settlement.
  • Insurance services for your automobiles  By : JessicaThomson
    Buying motor insurance is not only for your own advantage but it is necessary under the law. You may think that you are a safe driver and you don't need the insurance or that paying insurance premiums are an unnecessary legally permission drain on your budget.
  • Bankruptcy --- How to go about handling bankruptcy  By : sturat
    Bankruptcy is a condition that everybody wants to avoid. But sometimes due to poor financial management and sometimes due to the external factors which can not be controlled by the person people find themselves to be in a condition where they have to think of declaring bankruptcy.
  • IVAs Ė Better way to move out of bankruptcy  By : sturat
    Bankruptcy is a condition that nobody likes to be in but sometimes one cannot control the various conditions like fuel price hikes, inflation etc. that lead to the bankruptcy. Then one can either go for filing the bankruptcy petition or opting for the Individual Voluntary Agreement also known as IVA.
  • Bankruptcy FAQ Ė Explore various options before you move ahead  By : sturat
    If you are a businessperson or an individual who has to clear off the debt that you have taken from various investors or creditors then a condition may arise where you are unable to pay off your debts. This condition is known as bankruptcy. In the British system it is also known by the name insolvency.
  • Bankruptcy Foreclosure Cram-Down Defeated, Banks Win Again  By : Nick Adama
    When it comes to bankruptcy reform, the only type that the politicians and bankers like is changes which make it more difficult, more time consuming, and less efficient for borrowers and homeowners.
  • It's Possible to Remove Bankruptcies from a Credit File  By : TheTopTens
    A bankruptcy on a credit report destroys your credit and makes obtaining credit an exceptionally difficult chore. When learning about bankruptcy, you will find many credit repair companies who claim to have been successful in removing bankruptcies from client's credit reports. Is this really possible?
  • How to Qualify For Loan Modification Programs  By : James1
    You can get the help you need to understand loan modification programs by our special services of financial freedom. You are guided with all of the necessary forms and given detailed directions on how to complete them properly and where to go and when to go with whom. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender.
  • Help stop foreclosure-00-2402  By : greenblues
    7 tips on how you can help stop foreclosure by selling your house quickly
  • Claim Bankruptcy - Bankruptcy Lawyer Pennsylvania - After Bankruptcy 520  By : articles
    Bankruptcy And Mortgage Foreclosures are reaching epidemic proportions in the United States. Secured debt such as a mortgage on a home must be paid or else the secured creditor may seek to enforce its' secured interest and obtain the property (ex. Borrowers are required to pay off this mortgage loan in regular parts known as mortgage payments or repayments
  • Bankruptcy Law Georgia - Bankruptcy Lawyer Kentucky - Bankruptcy Law Wyoming 997  By : articles
    Most attorneys will be able to give clients the general gist of the procedure and an attorney dealing with credit counseling will be able to provide proper guidance. If not, in order to get exemption, most of the 180 days prior to those two years should be spent in Florida. Properties exempted by Ohio bankruptcy laws include a residence up to $5,000, one automobile of up to $1,000, cash up to $400, a cooking range and refrigerator totaling up to $600, personal injury awards up to $5,000, death benefits up to $5,000, household goods and furniture for $1,500, jewelry up to $3,500, tools of trade up to $750, wild card and personal properties up to $400, as well as all pension and education plans
  • How Bankruptcy Lawyer Works - Bankruptcy Lawyer New Mexico - Bankruptcy Lawyer North Carolina 474  By : articles
    But before enrolling, there should be counseling session with the attorney. Credit assistance programs may also be able to aid you. You will also have to pay a deposit of 250 towards the cost of administering your bankruptcy

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