Monthly Archives: April 2012
The Problem With Government Loan Modification Programs
Written on , by BLP
Here is the list of current home loan modification programs available to consumers who are trying to keep their home: Home Affordable Modification Program SM (HAMPSM) Principal Reduction Alternative SM (PRA) Second Lien Modification Program (2MP) FHA Home Affordable Modification Program (FHA-HAMP) USDA’s Special Loan Servicing Veteran’s Affairs Home Affordable Modification (VA-HAMP) Home Affordable Foreclosure Continue Reading
Surge of Foreclosures Coming Soon
Written on , by BLP
There is major speculation out there today indicating that a large surge in foreclosures is coming soon. Our research shows that banks are definitely ready to tackle the foreclosure potentials and get them off the books. Below is an article from CNN Money explaining the whole situation. You can read it for yourself at the Continue Reading
Joint Bankruptcy with a Hesitant Spouse
Written on , by BLP
Convincing your spouse to file for joint bankruptcy is a matter of perception in most cases. In many cases, when one person in a couple are seriously considering bankruptcy while the other is not even interested in talking about it and refuses to even explore it as an option, the decision can create an emotional Continue Reading
2011 Tax Filing and Bankruptcy
Written on , by BLP
Don’t let the tax filing deadline discourage you from filing for bankruptcy if you have an urgent situation at hand. If you are dealing with a wage garnishment, bank account levy, or any other collection activity that is interrupting your life, the tax filing deadline should not stop you from filing for bankruptcy or finding Continue Reading
Bankruptcy and Marriage
Written on , by BLP
If you are a married couple, it is not required for both people in the marriage to file a joint bankruptcy. We have helped many married clients who only had one person file for bankruptcy in the couple. It is a good idea to only file one person if the difficult debts are only in Continue Reading
Update on Bankruptcy and Student Loans
Written on , by BLP
The general perspective on student loans and bankruptcy is that student loans are not dischargeable under the bankruptcy code. Previous to 1976, student loans were dischargeable in a bankruptcy and there are still some attorneys that advertise that they were able to discharge student loans in bankruptcy. For now, the reality is that student loans Continue Reading
Bankruptcy Discharge
Written on , by BLP
What Is a Discharge of Debt in Bankruptcy? In the context of a Chapter 7 filing, a bankruptcy discharge is an injunction against the collection of any debt that was a personal liability to you. This means that the debt can no longer be collected on. At the end of the bankruptcy process, the court Continue Reading