Author: superuser

Divorce can be a trying and emotionally charged time for you and your child. No matter how much you try to shield your child from the fallout, they will still experience some hardship and grief.   What you can do now is to offer your child the resources or take action that can help them deal with this. Reassurance that they are important and valued by both parents will go a long way in helping...

Mortgage payments are where a person has to meet their mortgage loans with monthly payments. Due to unfortunate situations like unemployment or medical bills, it may get tough to pay different types of home mortgages. That’s when people look for other options to avoid foreclosure. If you are encountering a similar situation, then here are some options that you could try.   #1 Refinancing...

Free to use under the Unsplash License BANKRUPTCY IN REAL ESTATE Bankruptcy can affect almost every aspect and field of life leaving no exception to the real estate sector and the persons involved in this field. Bankruptcy in real estate affects the status of the tenant, landlord, and the status of the mortgagor and the mortgagee, etc. Bankruptcy in real estate does not occur all of a sudden...

What Happens to Tax Debt if I File for Bankruptcy Bankruptcy laws vary from one situation to another. For example, Chapter 7 discharges a debtor from tax debt. In Chapter 13, on the other hand, all debts enter a repayment plan. In some cases, bankruptcy can discharge income tax, like any other unsecured debt. But income tax cannot be discharged if you have failed to file income tax for two...

Building Your Credit Score After Bankruptcy: What US Legal System Says BANKRUPTCY. Bankruptcy is a state when a person or more suitably a debtor becomes unable to pay the amount owed to his creditor and declares himself bankrupt which is completely allowed and a legal one but mostly in welfare states only. A creditor can also be declared a debtor through court after following the complete...

Declaring Bankruptcy Bankruptcy or a proper court order may occur at the brink of insolvency when a person becomes unable to pay his bills and fulfill the obligations or pay debt owned by him. Bankruptcy is a legal process and one can file bankruptcy on their own or can be declared bankrupt on the petition of any or all the creditors. After filing for bankruptcy, the person declared bankrupt...

What can a debtor do in the event of a credit card company filing a lawsuit against them? Well, it would be in the best interest of the debtor to take immediate action and file for bankruptcy to stop that lawsuit. The reason is that if the credit card company succeeds in filing a lawsuit against them, the property of the debtor can be put on a lien, making it difficult for them to sell or...

HOW TO PROTECT YOUR ASSETS DURING BANKRUPTCY: A LOOK AT US LEGAL SYSTEM It is an obvious misconception that insolvency requires the loss of all of your assets. One can avail a wide range of exemptions for the protection of their property. When an asset is exempted, it shall be protected from being sold and no payment whatsoever is made to the creditors. The opportunity to avoid assets from...

Can You Stop Foreclosure by Filing for Bankruptcy? You fear a foreclosure and wonder if there is anything in the world to stop it? Luckily, bankruptcy can stop a foreclosure on a home. That means when you initiate a bankruptcy case, all creditors are legally prevented from any collection activities against you. Sadly, there is a taboo associated with bankruptcy that prevents many people from...