I don’t think I can count the number of times I have had to explain to bankers, mortgage companies, and finance companies the reason that in a Chapter 7 Bankruptcy, they should ALWAYS want, and if possible require the execution of a reaffirmation agreement with respect to a secured debt. Many a time I have received a call from a secured Creditor stating that they wanted to advise a Chapter 7 Debtor that they were refusing to accept a reaffirmation agreement. That is a classic

Those who consider bankruptcy may eventually have to go to a United States bankruptcy court. This does not have to be a worrisome experience. Most people will stress out just knowing that they have to be in a courtroom, but with adequate legal counsel from a qualified bankruptcy attorney people have nothing to worry about. "Pro Se" Filings Some debtors choose to file bankruptcy without hiring an experience bankruptcy attorney or bankruptcy law firm. These "pro se" debtors, wh

A lot of Americans have trouble with unpaid debts. It is not an uncommon occurrence to see people, debtors and creditors alike, filing for bankruptcy proceedings. While bankruptcy can be a great option, it may not always be the answer. To many financially distressed individuals, taking the bankruptcy option is the most viable solution to debt problems. Bankruptcy is the ideal tool to wipe all debts, to afford the debtor a new lease in life and a chance to start anew. If these

Finding yourself in a difficult financial situation can be scary. Facing the possibility of dealing with bankruptcy can be even scarier, especially since most individuals or businesses don’t spend time making themselves aware of the legalities that go along with the process. Since many debtors are ashamed of the situation, they often fear asking too many questions regarding the process. As bankruptcy is one of the most important financial decisions a business or individual wi

When a person is faced with the mounting debts that they cannot pay, they may find that filing bankruptcy is unavoidable. Dealing with bankruptcy is not easy, and you may feel that there will be a permanent stain on your financial record. While this procedure will remain as part of your financial history, if you have the frame of mind that you will be dealing with bankruptcy well, this record does not need to haunt you. There are many who are experienced in dealing with bankr

If you are carrying a large student loan and are finding it hard to keep up with your payments, you may be wondering what options you have. You might even be considering filing for bankruptcy as a way to get a fresh start. When it comes to bankruptcy and student loans, is this a viable option? In the case of bankruptcy and student loans, the situation is a bit more complicated than with other types of debt. If you have a government-sponsored student loan or one issued by a no

The term foreclosure is one which may seem ominous to many individuals, especially if they have never experienced one and/or are unfamiliar with real estate terms. A foreclosure occurs when a homeowner can no longer pay their mortgage, and their loan goes into default and the bank repossesses the home. There are certain things which all individuals should know about bank foreclosures so that they can be more familiar with the term and prevent this from happening to them. What

Secured or Unsecured? When looking for a credit card after bankruptcy, you may receive piles of credit card offers from different companies, and choosing the right card can be a daunting task. The most important question that comes to mind is whether to go for a secured credit card or an unsecured credit card. After bankruptcy,secured credit cards will likely offer you a better deal than unsecured cards. This is because unsecured credit card offers after bankruptcy are often