Your mortgage lender is demanding that you “reaffirm” a mortgage note on your residence in your bankruptcy case. Should you agree to do so? First the basics: There are two parts to your agreement with the mortgage lender regarding your residence. The first part is the note, your promise to repay the amount of money [...]
Life After Bankruptcy
Alternatives to Mortgage Foreclosure in Montana
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“A full-fledged recovery in the housing sector will likely elude the U.S. in 2012.” — Frank Nothaft, chief economist for mortgage-finance company Freddie Mac A rising number of foreclosures and a stagnant economy add up to another difficult year for Montana homeowners. If you are one of the thousands of Montana homeowners in danger of [...]
Can Your Financial Choices Lead to Divorce and Bankruptcy in Arizona
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Joint Accounts for Married Couples: Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts. However, that number is less than it used to be, and there are several other options available to married couples. Some couples choose to [...]
How Can Bankruptcy Turn the Tables for the Debtor
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How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision. Making the decision to file for bankruptcy is an important one, and one that needs to be given considerable weight. However, it is also important to see the [...]
When Creditors Come Calling After Your Bankruptcy Discharge
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You Don’t Owe Anymore After Bankruptcy Whether it’s receiving a discharge under chapter 7 or chapter 13, the result is the same: you do not owe anyone, any amount, on your unsecured non-priority debts that existed prior to filing. If you listed it and you received a discharge, then you are no longer responsible or [...]
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