Bankruptcy filing will stay on your credit score for years, which can hinder your ability to obtain a credit card, loan, or mortgage in the future. For this reason, we always recommend consulting an experienced attorney before choosing to file for bankruptcy. The type of bankruptcy you choose ...
However, there are ways to prevent creditors from pursuing your codebtors if you file for bankruptcy. In this article, you'll learn when a lender will require a cosigner, and more, including the following: what happens to your cosigner if you file for Chapter 7 bankruptcy what happens to ...
Reaffirming a debt can jump-start your credit after bankruptcy and let you retain ownership of important assets like a house or car. However, if you're looking for a clean slate, there is no legal obligation to reaffirm your debt. Only you can decide what is suitable for your financial si...
however, you continue to make mortgage payments during the bankruptcy and after. If you subsequently fall behind, you will not be able to discharge this debt, and when the lender forecloses, if the sale of the house isn't enough to pay the debt, the lender...
a这栋房子需要现代化 This house needs to modernize[translate] aWhat constitute this drastic change are the overhaul of organizational structures, management systems, employee responsibilities and performance measurements, incentive systems, skills development, and the use of IT. 什么构成这猛烈变动是组织结...
If it’s your house or car that’s in danger, you really should try to work out whatever payment plan you can so you don’t lose them. Adding further insult to injury, if you have a car, you could find yourself with a vehicle that has been towed away – and you could still...
When a debtor declares bankruptcy, the court notifies the creditor of the proceedings. In some bankruptcy cases, all of the debtor's non-essential assets are sold to repay debts, and the bankruptcy trustee repays the debts in order of their priority. ...
Discovering what debts the court can and cannot wipe out when you file for bankruptcy may surprise you. Read on to find out how this would affect you.
More information about bankruptcy Assets Most of your assets will be sold in order to raise money to pay off your debts when you’ve declared bankruptcy. The trustee appointed to handle your bankruptcy case will take care of all of this. You will however, be able to keep certain assets ...
An abandoned house is usually left unoccupied and vacant due to foreclosure, bankruptcy, or other financial or legal reasons. Local governments are generally not collecting property taxes anymore from the original owner. Since most homes are abandoned for financial reasons, they typically need significa...