9 February 2017
If you are planning to file for Chapter 7 bankruptcy and have some cash in the bank, you risk losing your money to the bankruptcy trustee. Therefore, you should take precautions (within the legal boundaries) of protecting your cash. Here are three precautions that may help: Keep Clear Records of Your Cash When you file for Chapter 7 bankruptcy, the money you earned before the application can be used to pay your creditors, while the money you earned after the application is wholly yours.
30 June 2016
Foreclosure is a difficult process that can make even the strongest person feel helpless. Know that you aren't helpless. While things may not be going as you had originally planned, this does not mean that all hope is lost. Even when you are going through a foreclosure – you still have legal rights. Sufficient Warning Even though the terms of your mortgage agreement likely stated that if you defaulted on the loan a foreclosure may be executed, this doesn't absolve the lender from warning you if they are going to take this action.
27 January 2016
If you're behind on rent, it's usually just a matter of time before your landlord tries to evict you from the home. You can effectively stop an eviction attempt by filing for bankruptcy before your landlord can acquire an eviction order from the court. While the automatic stay makes it illegal for the landlord to put you out while it's in effect, there are actually two ways the person can circumvent the bankruptcy filing and still evict you.
17 August 2015
Are you currently struggling with a large amount of debt? If so, here are a few ideas that you may want to consider in order to help pay your debt off. 1. Start Selling Stuff You most likely have a decent amount of stuff in your home that you are not even using anymore, such an old exercise bike or a spare TV. Once you and your family have gathered up your unwanted and unused items, you should do everything that you can to try to sell them.
29 June 2015
With the economy taking a downturn over the last few years, many homeowners are finding themselves facing foreclosure. Whether it be because of a reduction in hours, divorce, job loss, or a death in the family, the thought of foreclosure is scary. If you are struggling to keep up and worried that you might lose your home, there are a few ways you can get back on your feet. It might be time to get on the phone and ask the bank what options they can offer you.
23 June 2015
Whether you made the decision to file for bankruptcy hastily or you simply do not like the idea that you could lose some of your property, you might not be able to dismiss your case. There are special circumstances that govern if you can. Who Can Dismiss Your Case? When you file, there is no guarantee that your case will follow completely through the bankruptcy process. At any time, the court can dismiss your case.
22 May 2015
Living with a chronic illness, condition, or injury can make it impossible for a person to hold down a job and work full time hours. Many families cannot make ends meet when one adult is unable to work, especially if there are medical bills to be paid. Social Security disability benefits were designed to assist the Americans who are in this position by providing supplemental income each month. Disability benefits typically depend on how long you have worked and how much money you have paid into Social Security over the years.