The current economic situation has led to many creditors defaulting on their credit cards and loans out of necessity. Below are a few ways one can work on eliminating debt during this time. Bankruptcy will erase all debts and leave you free to start new. There have been new laws enacted in 2005, so be [...]
1. Stop feeling like you are a failure! The number of state residents filing for Chapter 7 bankruptcy in Massachusetts rose by 8.5 percent in 2010, as more than 17,000 filed for protection during the year. In this economy, any little set back could easily cause a person to need to file bankruptcy. Some of [...]
No one really wants to file bankruptcy. However, if you have any of the following signs, you should seriously consider filing. • Being involved in a foreclosure or car repossession. After, the foreclosure is complete you will still be responsible for any of the loan not covered. • You cannot pay your bills now or [...]
Yes, while the program got off to a rough start, the Treasury Department now reports that HAMP has been running fairly steady over the past six months, with roughly equal numbers of trial modifications begun and permanent modifications granted. Originally, the program was expected to keep between 7 and 8 million homeowners out of foreclosure. [...]
Your creditors will try and convince you that you have no power when it comes to settling your debts. They are wrong. While they will not negotiate with you, they will negotiate with a lawyer over a period of time. If you’ve grown tired of late-night collection calls from angry creditors and would like to [...]
Have you already filed for bankruptcy, but this economy has caused you to nee to file again? If this is you, you may be wondering if you can file for bankruptcy again. Or you may be thinking about filing and are wondering if the economy goes south again or you end up with massive medical [...]
Everyone knows that the current economic recession has affected everyone. What you may not realize is how everyone has been affected. First Round of Impacts on consumers: 1) Reckless loan giving cause people to take on more loans than they could afford. 2) Some people took those loans and spent recklessly. 3) These people were [...]
Over this last year, the number of people filing for bankruptcy in the US rose by 9%. This is the first time that total number of people filing for unemployment has been greater than 2005. That year is when the bankruptcy laws were changed making it more difficult and expensive to file. This is a [...]
Even though filing for bankruptcy is optimal for those with a lot of debt, it is still a major decision that just about anyone in American may file for, but if you want the process to go smoothly, you should find a bankruptcy attorney who can guide you through the entire process. A Massachusetts bankruptcy [...]
Only seven percent of all bankruptcy cases filed in the U.S. between 1991 and 2007 were entered by people aged 65 and older; however, the demographic was the fastest-growing age group observed in a new study from the University of Michigan Law School. About two-thirds of these elderly consumers were forced to file for protection [...]
