preventative measures to protect your finances

What To Do If Your Home Is Approaching Foreclosure

Once you start missing your mortgage payments, your lender reserves the right to foreclose on your home. Though your loan is technically in default after missing a single payment, most lenders don't start foreclosure proceedings until your loan is 90 days overdue. The entire foreclosure process takes a lengthy amount of time to complete; in some states, it might be years before your home is officially foreclosed on. However, don't let yourself be lulled into inaction by thinking you have plenty of time to save your home or find alternative living arrangements.   Read More...

Filing Bankruptcy? 3 Debts That Chapter 7 Will Not Discharge

Most people feel incredibly embarrassed because they have to file bankruptcy, but it is important to remember you are not alone. Even though an estimated 490,365 Chapter 7 bankruptcies were filed in 2016 alone, most people are not entirely familiar with how this bankruptcy works. Known as a liquidation bankruptcy, Chapter 7 discharges your debts, helping you make a fresh start. Unfortunately, certain debts cannot be discharged even though you do not have the actual income to pay them.   Read More...

Should You File Chapter 13 Bankruptcy? Here Are Some Things To Consider

Suffering financially can be a very hard thing to deal with, especially if you have tried and have been unable to get everything sorted out. In some situations, people have to decide to get help or relief from the courts by filing for chapter 13 bankruptcy. This is when you will have a court ordered repayment plan to help you get everything back on track. The complete wipe-out of your debts is a chapter 7, and that impacts your credit in a much bigger way.   Read More...

How To Know If Bankruptcy Is The Right Option

When you are overwhelmed with bills you cannot pay, you will need to seek help at some point from a professional. If you do not, you could end up losing everything you have, including your house and car. Seeking help from a bankruptcy lawyer is a great place to turn and does not obligate you to file but visiting a bankruptcy lawyer will help you determine if this is the right option for you.   Read More...

3 Ways Chapter 13 Helps People Who File Under This Branch

While using Chapter 13 bankruptcy will result in having to make payments to a bankruptcy trustee for up to five years, it can help you regain control of your finances and debts during this time. A lot of people hesitate to use this branch, because of the required repayment plan, but it can offer a lot of financial relief. Here are three ways this repayment plan will help you if you are having major problems with your finances.   Read More...