A Chapter 13 bankruptcy is something that isn't taken lightly by the filer. Many people automatically think that filing bankruptcy is irresponsible, but that is simply not the case. Instead, bankruptcy is a way that you can take control over your finances again. We know that you might have some questions that you would like for us to answer. We will be happy to do this for you.
Can lien stripping save your home?
Have you taken out a second or third mortgage on your home? Are you now struggling to keep up with the payments or have stopped making payments altogether? If so, according to the laws of New York, the lien holders would be well within their rights to initiate the foreclosure process even if you pay your primary mortgage in full each month. How can you save your home?
Put a plan in place to deal with deep debt
If you are living with deep debt, it's likely that you struggle each month to pay the bills either on-time or at all. You need to put a plan in place that can help you deal with deep debt. We aren't talking about car loans, student loans or a mortgage here. We are talking about thousands of dollars in credit card debt.
What to expect after filing for Chapter 7 bankruptcy
Filing for bankruptcy is a difficult decision for many to make, but is it a smart one for those who are struggling with debt? Not long after you decide to file for Chapter 7 bankruptcy, you might begin to wonder what to expect after the filing is complete. We will discuss what you can expect after the bankruptcy in today's post.
Bankruptcy plan issues settled by Payless and creditors
Payless and its creditors have reached a settlement regarding significant issues in the company's bankruptcy plan. The plan was filed in a court in St. Louis, and it will allow the company to exit bankruptcy in the coming months as a "healthier, restructured" company. If the plan is approved via vote by creditors, which was a settlement reached among various parties, an investigation into the company will also be dropped.
