Bankruptcy & Debt Articles
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Many people don't know that filing a bankruptcy during a divorce proceeding can have a substantial impact on your rights, duties and obligations. It is important to know how these two area of law intersect.
This article answers the question of whether a secured creditor may use self-help to repossess collateral after the debtor defaults.
According to RealtyTrac, there were 16,700 zombie foreclosures in New York in 2014. That number has since risen by 54 percent. These homes are often the houses that bring a neighborhood's value down; the houses with unkempt lawns and boarded-up windows that are easy to ignore and forget.
Foreclosure: it can be a terrifying word. It means you are behind with your mortgage payments to the point of being at risk for losing your home. If you find yourself facing foreclosure, don't panic. There are ways to move past this hurdle and stay in your home.
Having to file for bankruptcy is not the end of the world. In fact, it's quite the opposite. Bankruptcy is your opportunity to regain control of your finances and redirect yourself and your money toward a better future.
Credit card debt. Bills piling up. Filing for bankruptcy. Bankruptcy proceedings. Destroyed credit. Foreclosure. All of these things can take a toll on a person, not just financially, but emotionally and legally.
This year, Chapter 11 bankruptcy is getting an overhaul. These changes are designed to make filing for Chapter 11 bankruptcy easier for businesses.
Whether or not you should file bankruptcy?
When purchasing a home, it is always important to consider how a mortgage payment will impact your monthly expenses, especially when you have other outstanding debt in the way.
Child custody and other parenting issues are also important parts of the negotiation process.