bankruptcy


Options for Removing Your Name from a VA Loan

In order to remove your name from a VA loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed …

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Will Chapter 7 Bankruptcy Dismiss Second Mortgage?

If you have two mortgages, it is possible for the court to dismiss the second mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by …

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Help Paying Monthly Bills

A person can help pay his monthly bills and avoid over-extension by going into foreclosureForeclosure is the legal action taken to extinguish a home owner’s right and interestInterest is money charged for the use of borrowed funds. Usually expressed as …

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Posted in Credit, Credit Card Debt, Credit Counseling | Tagged , , , , , , , , | 4 Comments

Should I File for Bankruptcy?

You should file for bankruptcy if you owe more than you make annually and you understand how bankruptcy affects your credit score. Q: I have been unemployed for about a year and still have not gotten a job. I was …

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Is Bankruptcy a Better Option Than Strategic Default?

Declaring bankruptcy is an option to help underwater homeowners. When in default you can consider a strategic bankruptcy. Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn’t …

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Posted in Bankruptcy, Foreclosure | Tagged , , , | 2 Comments