Your Sole Proprietorship Business Rescued by Chapter 13
Do you have a small business in your own name that would be successful if it only got a break from its debts? A Chapter 13 case would likely greatly reduce both your business and personal monthly debt service while you continued to run your business.
Is the Home Affordable Refinance Program (HARP) 2.0 New and Improved Enough to Help YOU?
Under new rules coming on line, HARP is now available for refinances no matter how far your home is underwater. The 125% loan-to-value cap is no more.
Does availability of credit increase or decrease bankruptcy filings? Both!
Do more people file bankruptcy when credit is available, or rather when credit gets squeezed? Law Professor Robert Lawless argues: “The long-term growth in U.S. consumer bankruptcies closely tracks the long-term growth in U.S. consumer debt. When the financial crisis hit, consumer credit dried up, and outstanding consumer debt experienced unprecedented declines. There are fewer […]
Ten Terrific Tools for Saving Your Home through Chapter 13–Part 2
Here are the other 5 powerful home-saving tools. Chapter 13 isn’t for everyone. But these tools, especially in combination, can often give you what you need to tackle and defeat your mortgage and other home-debt problems.
Guess Which of Our Founding Fathers Was Also the Original Founder of Chase Bank?
Depending how you count, JPMorgan Chase & Co. is arguably the biggest bank in the U.S. The bank’s history now straddles four centuries, with its earliest predecessor institution, the Bank of Manhattan Company, founded in 1799. And the founder of that original company? Aaron Burr, who killed Alexander Hamilton in a pistol duel five years […]
Ten Terrific Tools for Saving Your Home through Chapter 13–Part 1
Powerful Chapter 13 gives you tools to solve your mortgage problems from a number of different angles. Plus it gives you other tools to deal with tax, support, and judgment liens on your home.
What NOT to do after filing a bankruptcy case
Celebrity bankruptcies can teach you about your own bankruptcy about as much as celebrities’ lives can teach you about your life. Not much. But the bankruptcy of three-time baseball All-Star Lenny Dykstra CAN teach us something in the same way that fairy tales can teach kids about the lessons of life. The life lesson from […]
Reasons to Do a Short Sale? Maybe Not
Besides avoiding a foreclosure and its hit on your credit record, you may have other sensible reasons for looking into a short sale of your home. Let’s consider those other reasons.
Bankruptcy CAN Help Resolve Your Business Tax Debts
You might have heard that bankruptcy cannot help with taxes. Especially with business taxes. That’s often not true. Let’s clear up some of the myths about this. Myth: Bankruptcy does not write off (legally “discharge”) taxes. Truth: While it is true that SOME taxes can’t be discharged, many others CAN be. The law is complicated. […]
Short Sales: Seldom Easy and Often Not What You Expected
A short sale of your home is sometimes your best alternative. But short sales often do not successfully close, and even when they do you may get a rude surprise.