When you file bankruptcy your co-debtors can be affected. How they are affected depend mostly on the type of debt is involved and whether you file a Chapter 7 or Chapter 13 bankruptcy. In this blog we will discuss the impact of your bankruptcy filing on your...
How Does A Reverse Mortgage Work? Many older adults use reverse mortgages to manage house payments or to tap into their home equity without having to sell their home. The loan is called a "reverse mortgage" because over time the mortgage balance increases, rather than...
If you are in a Chapter 13 bankruptcy and because of changed circumstances you can’t make your Chapter 13 Plan payments, the bankruptcy rules allow you to convert your case to a Chapter 7 bankruptcy. What Does Conversion Mean? Converting your Chapter 13 case means...
When and How to Modify a Chapter 13 Bankruptcy Filing for a Chapter 13 bankruptcy can be a lifeline for individuals struggling with overwhelming debt. When you file a Chapter 13 bankruptcy, you are required to submit a repayment plan that must be approved by the...
Do you have overwhelming debt that you cannot pay and are thinking about filing bankruptcy to get a fresh start? A common question people ask us when they are thinking about filing bankruptcy is, “will I have to go to Court if I file bankruptcy?” In almost all cases,...
Facing significant debt can be a frightening and overwhelming experience. Chapter 13 bankruptcy gives individuals who have a regular income the opportunity to reorganize their debts and repay them with a structured bankruptcy plan. A common question we are asked when...
Understanding common terms used in mortgages is crucial for anyone involved in buying a home or anyone who is facing a legal situation related to their mortgage, such as foreclosure. In this blog, we will break down some common mortgage terms that will help you better...
Are homeowners’ association (HOA) fees and assessments dischargeable in bankruptcy? This is a question we often get from people who live in condominiums or communities that require all homeowners to be a part of an HOA and pay monthly fees and sometimes special...
If you are considering bankruptcy, you may be wondering what will happen to your car or your house. In fact, these questions are so common that we have prepared a client FAQ detailing exactly what happens in the bankruptcy process to these and other essential assets....
Having your car repossessed is a very upsetting experience. Understanding the process, relevant statutes, and potential solutions is crucial if there is a possibility that your car will be repossessed. In this blog post, we will explore how car repossession works in...