Would Bankruptcy Protect Against A Foreclosure?

If your home is about to be foreclosed either by the bank or lenders, filing a bankruptcy is an option you can look into in order to delay or stop the foreclosure process, giving you time to set your finances in order or at the very least, negotiate with your lenders. So how do you go about filing for an…

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Does Filing Bankruptcy Remove A Lien On A House?

A lot of homeowners these days find themselves owing a lot of money and unable to pay it back. There are also homeowners who find themselves unable to deal with or have the finances to respond to lawsuits. In order to get their money back, lender or bankers would put a lien on the homeowner’s property. The question now is,…

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The Issues Of Bankruptcy On Car (Finance)

It is important to understand how a Chapter 7 bankruptcy will affect your car ownership, particularly if you have a car loan. The first thing you have to decide, however, is whether you want to keep your car, or if you would prefer surrendering it. The rules generally are that if you have been unable to make payments on your…

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Is It Possible To Lose Your House By Declaring Bankruptcy?

Bankruptcy is a way for people with huge amounts of debt to be relieved of some of their debt if not completely. It would take ten years however to remove the record that you have filed for bankruptcy on your credit report. Bankruptcy is federal business which means that its laws are basically the same in every state in the…

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Can Those Who Have Gone Bankrupt Ever Buy A Property 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 have the means to demonstrate that you are actually worthy of credit. As any bankruptcy attorney would tell you, a bankruptcy is not the same as a clean slate, a financial do-over…

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