Being bankrupt is scary. And Americans have all been afraid of it since we played Monopoly as kids. But it doesn’t need to be scary. In reality, at least800,000Americans file for bankruptcy every year. And undoubtedly many of those people are good, hard-working folks that just hit a ...
Bankruptcy could be your best option for solving your financial problems, but it will remain on your credit for up to ten years. Waiting at least two years after debt relief can help you get better loan terms and a better interest rate....
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
assets, and debt. Of these options, an FHA loan may be best suited for someone coming out of bankruptcy or foreclosure. It’s possible to get an FHA loan with a down payment as low as 3.5% and a credit score of 580.5You could even purchase a home using an FHA loan with a credit ...
After paying legal fees, foreclosure fees, late fees, and losing your home, you’ll be hit with a huge ding on your credit report. A foreclosure will drop your credit score dramatically and prevent you from borrowing from A-paper banks for many years to come. ...
Debt relief changes the terms or amount of your debt to help you pay it off. Learn about bankruptcy, debt management and other relief options. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our websi...
Did somebody who owed you money from a bankruptcy leave you hanging high and dry long ago? Visit the U.S. Courts Unclaimed Funds Locator website and see if it's there. 11. Native American Money If you're a Native American and there’s a chance the government may owe you mon...
Many states prohibit deficiency judgments after a home foreclosure. Laws prevent banks from selling a foreclosed property for less than it is worth and demanding the balance from the borrower in default. Mortgage lendersthat obtain a deficiency judgment may be able to garnish the debtor’s wages,...
To calculate your taxable gain or loss, you need to know your rental house's tax basis, which includes the purchase price and any permanent improvements. What you realize depends on whether you're responsible for the remaining mortgage debt. If not, it's typically the remaining mortgag...
If you were not discharged, a bankruptcy will stay on your credit report for seven years from the date filed. It’s important to note that if you’ve filed for bankruptcy twice, it’s known as a double bankruptcy and will stay on your report for longer. The oldest bankruptcy will ...