CAN YOU AFFORD A MORTGAGE MODIFICATION IN A BANKRUPTCY?

In traditional chapter 13 a filer is require to pay the regular monthly mortgage payments and the arrearages – the amount of payments they are behind when the chapter 13 is filed – through the plan for up to 60 months of the plan.  The arrearages must be paid in...

Bankruptcy and Divorce

If you are considering a divorce or if divorce proceedings have begun, you may need to consider the option of bankruptcy. Having financial hardship can be just as detrimental to your financial security as a looming divorce. Given your unique situation, it is essential...

Bankruptcy and Student Loan Debt

It is not common for student loans to be forgiven in bankruptcy.  Student loans are considered special loans and bankruptcy does not usually apply. Only a unique hardship qualifies an individual to get out from under the weight of student loan debt.  The...

Understanding Mortgage Forbearance

As the COVID-19 health crisis impacted the economy and thrust many people into financial hardships, lenders used mortgage forbearance to help borrowers remain in their homes. This was a very successful strategy that made mortgage delinquencies less common than they...

What Bankruptcy Can Do For You

The world is in the middle of a pandemic. You are being bombarded with information, options, and opportunists trying to get you to patronize them. You need some facts to help make good decisions right now and that will be right for you when we open for commerce again....

Does Bankruptcy Make Sense for Me?

Photo by Melinda Gimpel on Unsplash Wondering whether bankruptcy is the best debt relief option for you is normal. It is wise to question whether filing for bankruptcy makes sense for you. When you question filing for bankruptcy, you are more likely to...