When you are deciding if filing for bankruptcy is an option for you, there are a few things that you need to take into consideration. If your monthly income for the six months before filing is above your state’s median,...
When the bankruptcy laws changed in 2005, the credit counseling agencies changed from helping set up a budget and financial planning to be a mandated step before your bankruptcy can be completed. Scams Not all credit and debt...
When you fall too far behind in your home payments, the mortgage lender starts a process called foreclosure. If you default on your loan, the lender can take possession of your home and sell it to get back some of the amount...
When you start missing payments on your debt, you will probably begin receiving phone calls and letters reminding you to make a payment. The more payments you miss, the more aggressive the phone calls can become. Bill...
If you are behind on your debt and considering bankruptcy, you may want to file Chapter 7 bankruptcy. The means test is a requirement to be able to file chapter 7 bankruptcy as part of the bankruptcy abuse and prevention act...
