Many people who face bankruptcy also face mortgage foreclosures. Although some bankruptcy options allow you to save your home, you are still responsible for paying your mortgage every month. However, if you still cannot pay your mortgage payment, you may have another...
Blog
Month: December 2022
Reviewing the 341 meeting and the accompanying 521 documents
If you have decided to seek Chapter 7 or 13 bankruptcy protection, you will attend the “341 meeting” soon after filing. You will also have to provide “521 documents” to the bankruptcy trustee. This is a good time to review information from these sections in the United...
How can foreclosure impact your credit score?
Foreclosures occur when you can no longer make mortgage payments on your home. In this case, the bank or lender will begin the process of resuming control of the property and sell it to recoup their losses. In addition to losing your home, foreclosure can affect your...
