Would Filing For Bankruptcy Stop A Foreclosure?

If your lenders or banks are about to start the process of foreclosing on your property, filing a bankruptcy can help delay or stop the foreclosure process allowing you to have more time to negotiate with the bank or your lenders. So what can you do to file for bankruptcy and delay the process of foreclosure? The first thing that…

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Could Filing Bankruptcy Eliminate Liens On Houses?

A lot of homeowners these days find themselves owing a lot of money and unable to pay it back. There are homeowners that find themselves faced with a lawsuit and fail to respond to the lawsuit. When such things happen, the creditors or banks or plaintiffs would try getting their money back by putting a lien on the house. So…

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Would Your Bankruptcy Filing Make You Lose Your House?

Filing for bankruptcy is a way for people who have huge amounts of debt to get out of debt completely or at least be relieved of some of their debt. You need to understand however, that filing for bankruptcy will stay on your credit history for ten years. Bankruptcy is federal business which means that its laws are basically the…

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The Impact Of Bankruptcy On Auto Finances

If you are filing for Chapter 7 bankruptcy, you must learn how this will affect your car loan and ownership. The first thing you should decide on, however, is whether you want to surrender your vehicle, or whether you want to keep it. In very simple terms (but the reality is slightly more complicated), you can keep your car if…

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Does Bankruptcy Suggest That I Will Never Obtain A Home Mortgage Again?

It is possible for people who have filed a Chapter 7, 11 or 13 bankruptcy to purchase a home at a future date. However, you do have to be able to demonstrate that you are worthy of credit again. As any bankruptcy attorney would tell you, a bankruptcy is not the same as a clean slate, a financial do-over if…

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