How HAMP Can Help Save Your Home?
A few years back the number of foreclosures in the country reach such outrageous heights that the federal government stepped in and developed programs to help homeowners who were underwater on their mortgages. The Making Homes Affordable Act (HAMP) was put in place to provide consumers with relief from height mortgage payments that were out of line with the value of their home. The goal was...
Will I Get A Jury Trial In Bankruptcy Court?
The idea of having a jury resolve the issues that impact your daily life can be scary. Juries are supposed to be comprised of your “peers”, but many times those that actually end up sitting on a jury are not at all similar to you or have not had similar experiences. When your fate lies in the hands of people who cannot relate to your circumstances, it is hard to reach a satisfactory result....
Three Things To Look For In A Bankruptcy Attorney
Being unable to pay your bills is a stressful situation, and one that nearly everyone you know has an opinion about. If you were to ask your family or a trusted friend for their advice on how to get out of debt it is likely you would end up with several well intentioned pieces of information, but be more lost than when you first broached the subject. In order to make certain the method you...
Three Things Every Young Adult Should Know About Their Checking Account
Opening a checking or savings account is a rite of passage. Each one of us can probably remember the first time we walked into a bank with our parent, to unload our piggy bank at the teller’s window. Most banks have special types of accounts for minors, and many of those accounts change status as the account holder reaches the age of majority. In most instances, a youth savings account can...
A Top Five List Of Bankruptcy Myths
Urban legends may make for good storytelling or screenplays, but in real life it is helpful to know fact from fiction. When you can see through an urban legend as nothing more than a myth, you will be able to make decisions that are sound. One of the toughest areas to know what is true and what is not is your finances. With so many people facing unemployment, layoffs, or simply having more...
Can A Creditor Sue Me In Bankruptcy Court?
Most people who seek the protection of bankruptcy are doing so to avoid harmful collection or foreclosure lawsuits, and to stop the creditors from making harassing collection calls. Bankruptcy does offer this refuge, and it is one of the main benefits of filing a case. However, there are instances where even filing bankruptcy does not stop your creditors from seeking repayment. In some...
Life After Bankruptcy: What To Expect
Not so long ago it seemed like filing for bankruptcy was the end of the world. The social stigma associated with going bankrupt kept many people that needed the benefits the bankruptcy laws have to offer from filing a case. Debtors were also afraid to file because they felt like bankruptcy was a hole that was too hard to dig out of after the fact. So, many deserving people missed out on...