Category Archives: Personal Bankruptcy

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Five Ways to Reduce Family Stress During Bankruptcy

Being bankrupt to the point that you may lose your home is one of the most stressful things that can happen to you. It is one of the rare issues that can cause divorce among otherwise happy couples and strife within the family. Now is the time to work on your stress management skills. At……
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Bankruptcy Statistics Drop, but that Doesn’t Mean Much for Those in Debt

According to the Fitch Ratings’ Report, annual U.S. personal bankruptcy filings are dropping for the fifth year in a row. However, the report also states that the rating decline should begin to level off soon, as lending guidelines become more lax. Total bankruptcy filings are predicted to fall another eight to 10 percent in 2015…….
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Mortgage Foreclosures Have Statutes of Limitations

When you sign a promissory note for a mortgage loan, you agree to pay back the money borrowed in installments over a set period of time. New Jersey has a statute of limitations on mortgage foreclosure complaints filed by lenders. If the bank fails to complete the foreclosure before the statute of limitations runs out,……
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Getting a Mortgage after Bankruptcy: The Letter that May Make the Difference

Since filing for bankruptcy protection may shave more than 200 points off your credit score (more if your house was foreclosed on!), it stands to reason that you may not be the picture of a good risk when applying for a mortgage. However, that doesn’t mean you can’t get a loan approved; a good letter……
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Know Your Rights: Fair Debt Collection Practices Act

You applied to a loan or a line of credit and, based on your credit score and past payment history, the lender took a chance on you. Since then, your financial world has collapsed. Perhaps you lost your job or got into a car accident and now have mounting medical bills. It doesn’t matter why……
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