The Bankruptcy Code gives homeowners facing foreclosure the right to cure the default any time up until the foreclosure sale process is completed. The key word here is "process," and state law determines what the process is for a valid auction or sheriff sale. ...

In retaliation for the filing of bankruptcy by a borrower, banks and their lawyers have read ambiguous contract clauses to allow the imposition of ridiculous junk fees on accounts. ...

Bankruptcy is a system that allows an insolvent debtor to be relieved of most debts by filing an assignment in bankruptcy. Before you take any action to apply for your own bankruptcy, you should get your own legal or financial advice about bankruptcy and the other options available to you. ...

If you have chosen bankruptcy Chapter 7 or Chapter 13 to ease your financial stresses, then you may be looking for ways to rebuild your credit score back up. ...

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. ...

For those people having a large amount of debt but an insufficient income on hand, bankruptcy would become their last resort. On the other hand, in many other cases, there are several ways to emerge from the pits of financial ruin without having to consider getting a bankruptcy case filed. ...