When You Can't Pay Your Mortgage: Tips For Avoiding Foreclosure
18 January 2019
When you experience a change in your financial security, you do everything you can to meet your obligations and pay your bills. However, sometimes the odds are stacked against you, and you no longer can pay your bills and your creditors. Missing payments to your mortgage lender can lead you into deeper financial trouble.
Most people want to avoid foreclosing on their home at all costs. The first step you need to take if you're experiencing trouble with your finances, especially if you are in danger of losing your house, is to contact a foreclosure attorney.
Assets In Chapter 7 Bankruptcy
18 July 2018
In chapter 7 bankruptcy, the assets of the applicant will be considered to pay back some or all of the debt owed to the creditors. Assets are classified as exempt and nonexempt. The applicant cannot keep most assets that are considered nonexempt.
Differences Between Nonexempt and Exempt Assets
Nonexempt assets will be valued and used to pay back creditors. However, there are exempt assets that will be excluded from evaluation. The applicant will be able to keep their exempt assets.
A Debt Relief Lawyer Offers Several Great Options For Getting Out Of Debt
28 February 2017
Getting into debt can take time and can suddenly creep up on you; and at some point, you might feel like you hit rock bottom. You might be in such bad financial shape that you cannot even make minimum payments on all your debts. Are you in this position right now, and are you tired of all the collection calls you keep receiving? If so, visiting with a debt relief lawyer like Clinger Richard S is probably a good thing to do.
Deeply In Debt? 4 Mistakes To Avoid When Filing For Bankruptcy
12 July 2016
If you're in debt, and you see no way out, you may need to file for bankruptcy. One of the benefits of filing for bankruptcy is that it provides you with the fresh start that you'll need to get back on your feet financially. Before filing for bankruptcy, however, you need to know that there some mistakes that can damage your case. Here are four mistakes you should avoid when filing for bankruptcy.