If you have decided to petition for bankruptcy protection, you will attend the 341 meeting and provide your 521 documents shortly after you file. What does all this mean and what should you expect to happen at the meeting? Understanding the 341 meeting The 341...
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Will Chapter 13 save my home?
Facing a foreclosure can be scary, especially if you cannot figure out how to catch up on your overdue mortgage payments. If you want to find a way to save your home and have exhausted all other options, you may consider filing Chapter 13 bankruptcy. Credit Karma...
What you should know about student loan deferral
If you are having a hard time making monthly payments on student loans, you might consider requesting a deferral. Typically, your lender will grant you a deferral if you are able to demonstrate financial hardship. Deferral can offer some immediate help with debt and...
What to consider before filing for business bankruptcy
If your business is facing financial problems and your creditors are harassing you for outstanding payments, you might save your business from ruin by filing for bankruptcy. Many people think of bankruptcy as the end of a business, but in reality many companies emerge...
How Chapter 7 and Chapter 13 bankruptcies differ
Losing control over your finances may have you looking for potential solutions, and you may be considering filing a New Jersey bankruptcy case. Chapter 7 and Chapter 13 bankruptcies both help individuals whose personal finances have spiraled out of control. However,...
Is bankruptcy the only way to avoid foreclosure?
Owning a home is a milestone for many Americans. Unfortunately, there may come a time when you are unable to make your mortgage payments on your home. From losing an income to suffering an injury, outside influences may result in your inability to make ends meet. If...
Will your employer find out about your bankruptcy?
Bankruptcy comes with a lot of questions, one of the most common of which is, will your employer find out? Generally speaking, the answer is no, but as with everything, exceptions do exist. Though filing for bankruptcy results in the creation of a public record, your...
Should you reaffirm your mortgage after bankruptcy?
If you can prove that you have the ability to pay your house payments, your mortgage holder may agree to a reaffirmation of your loan. SFGate explains that signing this document holds you to the original terms of the mortgage and allows you to keep your home. Having...
What information do I need for my bankruptcy forms?
Once you decide to file bankruptcy, you will need to complete your bankruptcy petition. The forms that make up your petition require a vast amount of information about you and your financial situation. It is imperative that you fill out the forms completely and...
What you should know about short sales
A foreclosure becomes a real possibility if you fall too far behind on your mortgage payments. If your home's value has depreciated to the point that it is less than what you still owe on the home, a short sale may be an option. While effective at preventing...
