Monthly Archives: February, 2010
Bankruptcy Discharge
I know many of you want to know – what does discharge mean to me? In the world of bankruptcy getting a discharge means that the court is discharging your debts. That means that your creditors can no longer go after you for your debts. At least those that were discharged.
Foreclosure Down or No
Foreclosures in the month of January was 15% compared to the same month last year. But it is predicted that this number is going to dramatically increase as a surge of cash-strapped homeowners who have fallen behind were on their way. More than 315,000 homeowner received a foreclosure notice in January. That is less in [...]
Foreclosure Liability
Depending on the state that you reside in, you could be in for a rude awaking if your home was foreclosed upon. For what you asked? Well if your home sold for less than what was owed on your mortgage than you could be liable for the difference. This is known as a deficiency judgment [...]
States Filing For Bankruptcy
With individual bankruptcy filing at record place, it is not too surprising that companies and now state government are following suit. There is a thought floating around that 46 out of 50 states in American could file for bankruptcy. If that turns out to be true then we might be in for a long ride [...]