Getting the best bankruptcy lawyer to handle your bankruptcy case is very important for you, if you want to defend your claim successfully in the court. The lawyer is an expert professional, who understands the intricacies involved in the various laws and regulations. When it comes to bankruptcy laws, things become more complicated for you, as the laws vary from state to state. Therefore, you must take care of many things while hiring a lawyer...more
Generally, the answer is no. But, there are situations where a bankruptcy can modify a mortgage. Consumers today are mostly unsuccessful in getting meaningful modification of their mortgages through government programs and voluntary cooperation by their mortgage companies. Bankruptcy sometimes works where all else fails.Using bankruptcy, a mortgage can be modified if it has no equity securing it. Let me give you an example. Suppose that you have...more
If you are facing foreclosure and or other debilitating and caustic financial challenges it is a time for careful reflection because the decisions you are in the process of making are going to have lasting effects on your credit FICO score, your ability to borrow money and the cost of money to you for years to come. There are many attorneys who will strongly suggest bankruptcy to you as an alternative to foreclosure. As a practical matter bankruptcy is not an alternative to foreclosure, it ONLY buys you a little time while having a fairly significant impact on your credit. Trust me, just as soon as your bankruptcy is discharged your mortgage lender will be waiting with a motion to lift the stay on their ability to foreclose on yur property. Further, bankruptcy can prevent you from obtaining the employment you would otherwise enjoy. It can also prevent you from having certain security clearances which is very important here in Washington DC, Virginia and Maryland area where the Federal payroll is the largest supplier of employment.So how does one decide. This is not legal advice but rather a practical look at choices one has facing foreclosure. In my opinion, if...more
Underground Elephant has made it a long way in the lead generation industry. Established only 2 years ago, we began offering debt leads. Our clients experienced a higher ROI because we generate our own leads in house.Now, Underground Elephant generates 2000 debt leads a day and nearly 1000 education leads. In the financial vertical, we have had...more
Cars are not at all cheap nowadays and getting car without car loans is very difficult and only few people can afford it. There are many people who are frightened to contact car dealership because they fear for car loan rejection. But the good news is that, there are car loans options available for borrowers with bankruptcy record. Now bankruptcy...more
Whenever a person who is under debt decides to go for a debt relief program whether it is debt settlement, credit counseling or even bankruptcy to put an end to their problems. The question which troubles them the most is "Will this affect my credit score?". The common answer is yes in almost all the cases. However, in credit counseling the answer is "NO". A notation on your credit report that you are utilizing credit counseling will not lower your credit points. The most adverse damage which your credit score is likely to receive is when you file for bankruptcy. Bankruptcy as a solution will remain on your credit score for 10 years and with worst results and if you let go the debt amount to collection without settling it then, it will be on the record for 7 long years. If ,you go for the Debt Settlement program it will also affect negatively on your credit record as it will state " payment settled for less than the full balance" and even the usage of debt settlement program will be mentioned there. However, this settlement will affect your credit record only temporarily and your credit situation will be back to normal in nearly 1- 3 years after the amount is settled...more
Whenever a person is in doubt regarding his debt problems and to move out of them, they choose filing bankruptcy over other alternatives as this seems to be the quickest solution to get free from all the financial liabilities. But, what...more
Consumers' debts are on a all time high and there has been a record number of people filing for bankruptcy. Although, bankruptcy is considered as the last resort option for personal debt reduction, consumers are confused as to, Is...more
Phoenix Bankruptcy Lawyer Help- Do I need to list all my debt when I file for bankruptcy?We get this question so often and the answer is yes. , you really need to list all of your debt. Where most people have a lot of heartache is when we talk about...more
Phoenix Bankruptcy Lawyer Tips has for you today a common question asked by many. Would you like to know a little bit about what you can expect after bankruptcy?It's always said by a lot of people that after filing bankruptcy it ruins your credit...more
It happens to many in the Orlando area where you may have had a great paying and reliable position at work and then the next week or so later the company makes cuts and you are one of them. After getting the information from the boss,...more
If you want to learn about credit card debt settlement, then you will want to read this article. Specifically, we will discuss what credit card debt settlement is, how it works and how it will impact your credit. After reading this...more