home loan finance blog

1. If I file for Bankruptcy I will lose all of my property. This may be the biggest misconception surrounding filing for bankruptcy. Every person who files for bankruptcy can protect a certain amount of property while still eliminating all or a portion of their debt. Depending upon the state …

What is a consumer proposal? A consumer proposal is a legal process that allows you to negotiate a settlement with your creditors. It is an option that is provided under the Bankruptcy and Insolvency Act, but is not bankruptcy. In fact, it is a very good way to avoid bankruptcy …

Deciding to file for personal bankruptcy is a decision that weighs heavily on the minds of those who find themselves buried under debt. The NJ bankruptcy laws were designed to lessen the burden of this excessive debt by creating a system under which some of the debt could be discharged. …