home loan finance blog

Many people struggle with the decision to file bankruptcy, mostly because they have misconceptions about bankruptcy. Basically, bankruptcy is a legal way to level the playing field between an individual debtor and the creditors. It is a legal proceeding that provides the debtor with a fresh start. There are two …

The decision to file for bankruptcy is a difficult one, often considered the worst case scenario. However, in many instances it may be your best option. For example, filing for bankruptcy can stop a foreclosure, repossession, or garnishment, allowing you some precious time to deal with your financial troubles. In …

In counties and states across the country, bankruptcy filings are on the rise, according to a study of the figures from the US Bankruptcy Court. Some northeastern counties are seeing bankruptcy filing more than double from the same period last year. The impact this has on county and state governments …