The bankruptcy world played a quiet but significant role in bringing about this controversial $26 billion settlement. So, fittingly, the settlement terms require the banks to make significant changes in their behavior in bankruptcy court.
Living in a recession is difficult for most people, especially US homeowners that are living from one paycheck to the next. They often wonder how they will keep their mortgage payments current and prevent foreclosure of their property. Oftentimes, misinformed homeowners are led to believe that entering into a short sale agreement with regard to…
Homeowners across the US should beware of so-called mortgage counselors that are making money taking advantage of financially strapped homeowners. These companies are charging fees ranging from a couple hundred up to thousands dollars to modify home loans under the Obama administration's Recovery Plan. Approximately 100 homeowners throughout the country have been scammed by two…
The short answer is Yes. Chapter 13 bankruptcy is typically designed to help working individuals protect assets like their home and automobile while adhering to a plan that ensures your creditors are paid. You can seek the help of an experienced bankruptcy lawyer in structuring a three to five year payment plan that will allow…