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With the recent downturn in the housing market and the economy as a whole, many people have found themselves unable to pay their mortgages. Others have found themselves saddled with mortgages that are now worth more than their homes in the current market. If you find...
Credit card debt plagues many Americans. When you consider that there are over 600 million credit cards in circulation in the United States accounting for over $800 billion in debt, and about a quarter of Americans regularly fail to pay all their bills on time, you...
Is Bankruptcy The Right Choice For Your Struggling Business? In the current economy, there are still many businesses that are struggling to make ends meet as they provide goods and services to their customers. If you own a business that seems to be floundering,...
The decision to file bankruptcy is not an easy one. There are many questions to be asked and considerations to be made. However, with the ongoing persistence of debt collectors, and the ever present inability to get on top of payments, there comes a time when...
I’m often asked what happens to your home after the foreclosure is stopped? There are usually two options: Option One: A Chapter 7 Bankruptcy Buys You Some Time. It’s a Temporary Relief but Sometimes – All You Need. A Chapter 7 “straight bankruptcy,” is...