Avoiding Foreclosure: Declaring Bankruptcy Sometimes Helps

Posted by admin in Articles, Foreclosure on July 28, 2010

Americans are increasingly filing for bankruptcy in order to avoid foreclosure.

Katherine Porter, a bankruptcy expert at Harvard Law School, estimates that 75 percent of Chapter 13 filings fall into this category. “Despite all the government programs, bankruptcy is probably the most commonly used foreclosure prevention technique,” Porter tells HousingWatch.    read entire article on housingwatch.com

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Biggest Defaulters on Mortgages Are the Rich

Posted by admin in Articles, Foreclosure on July 11, 2010

Biggest Defaulters on Mortgages Are the Rich
By DAVID STREITFELD
Published: July 8, 2010 on NYtimes.com

The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley.

read entire article on NYtimes.com

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How to Avoid Debt and Bankruptcy Problems

Posted by admin in Personal Bankruptcy on June 26, 2010

If you’ve been in debt for some time, it can feel like a big weight on your shoulders. Sometimes it seems like there is no escape. The best method is to handle debt correctly, and sometimes that means filing for bankruptcy. For many, filing Chapter 7 or Chapter 13 is a reality, but not a bitter one. Bankruptcy can be very beneficial. Read the rest of this entry »

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What is Bankruptcy?

Posted by admin in General Bankruptcy Info on June 26, 2010

Bankruptcy laws are federal laws and are the same in every state, although some interpretations of the laws are regional.  These laws are found in title 11 of the U.S. Code.  The bankruptcy laws are divided into chapters. There are two chapters relevant to consumer cases: Read the rest of this entry »

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Loans After Filing Personal Bankruptcy

Posted by admin in Personal Bankruptcy on June 24, 2010

Ever been through a big fight and the end of it kind of left you feeling down? You can, of course, think of that beyond bankruptcy, but as in most things, common sense plays its hand. So what is common sense? If everyone who filed for personal bankruptcy was unable to ever buy a home or car again, there sure would be a lot of apartment renters and bikers. Just in 2009 1.1 million people filed for bankruptcy. So what did these people do? They went out and got loans after bankruptcy. You can too. This guide shows you how. Read the rest of this entry »

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