Bankruptcy is a legal option available to those who are overcome by debts. The most common types of personal bankruptcies are Chapter 7 and Chapter 13. Chapter 7 is also referred to as “total” bankruptcy. In most cases, debtors are able to discharge all of their...
Month: July 2023
What is the automatic stay in bankruptcy?
People who file for bankruptcy are usually tired of having to deal with creditors trying to get money from them. For some people with debts, there simply isn’t enough money to pay their bills. You might benefit from filing for bankruptcy if you’re in this position....
What’s a deficiency judgment after foreclosure?
If you’re a homeowner who is having financial problems, the specter of losing your home to foreclosure may sound like the worst of all possibilities – until you learn about deficiency judgments. When a lender reclaims a property through foreclosure, they will usually...