Tag Archives: bankruptcy protection
Do You Need To Wait Until The End of the Bankruptcy Process To Discharge Debt?
We get many calls and questions around how long the bankruptcy process takes to be over and discharge debt. It is actually not necessary for you to wait all the way until the discharge of your debt at the end of the bankruptcy process in order to relieve you from your collections and debt issues. Continue Reading
What Type of Loans Can You Get After Bankruptcy?
WHAT TYPE OF LOANS CAN YOU QUALIFY FOR? Many people are under the impression that a bankruptcy or low credit score can hold you back from securing loans with lending organizations or banks. Bankruptcy Law Professionals would like you to know that you have the potential to secure any loan you may be interested in Continue Reading
Loan Modification and Short Sale Dual Tracking
Many families and individuals who are dealing with an upside down mortgaged home and an unaffordable mortgage payment have sought relief via loan modification. Unfortunately, there are major financial institutions that continue to entertain the possibility of a loan modification while they also simultaneously pursue a foreclosure through a foreclosure sale or auction. It is Continue Reading
What Does Bankruptcy Protection Mean?
What does Bankruptcy Protection really mean? What does bankruptcy protection actually protect for the average consumer? When you read a press release about a company or individual filing for bankruptcy, it is common to hear the phrase “…has declared bankruptcy and is reorganizing under bankruptcy protection” or “…has filed for Chapter 7 bankruptcy protection”. The Continue Reading
Medical Debt and Bankruptcy
Many members of our community in Southern California are looking to bankruptcy to relieve financial problems with medical bills. If you have ever had a medical emergency without proper medical insurance, you know that medical costs are very expensive. Many people who are getting by on unemployment or low wages in the wake of the Continue Reading
How Much Time Do You Need to Stop a Foreclosure Sale with Bankruptcy?
Although we are seeing news about economic recovery and rising home sales, foreclosure is still a major issue in today’s environment. Banks are continuing to move forward with foreclosures and scheduling them at their own pace. Planning your life around a foreclosure sale involves learning what to expect from the foreclosure process. If you are Continue Reading
Why Your Bank Won’t Accept HARP Loan Modification
We know you hear a lot about loan modifications and these fantastic programs that will allow you to adjust your home loan terms to make it more affordable for you. These programs are well publicized on the news and reports say that millions will qualify for the assistance. The most important problem we hear from Continue Reading
Octomom Knows How to Stop Foreclosure
All over the news today, whether you like it or not, headlines about Octomom, Nadya Suleman, are plentiful. There is not much about this person that we can apply to normal lives, but one there is a valuable lesson to be learned that is evident. Someone told Octomom how to stop foreclosure. Her bankruptcy filing Continue Reading
Bankruptcy and Liquidation of Assets
It is very common for our clients to be concerned about how their current assets would be affected by filing for bankruptcy. This may be the number one reason for hesitation towards filing for bankruptcy. It is important to know, when considering bankruptcy, that bankruptcy has exemptions that will protect assets you currently own. If Continue Reading
Debt Collectors Are Not Allowed to Contact You Once You File Bankruptcy
A debt collector is not allowed to contact you when you file for bankruptcy. Before your petition is filed, if you let them know that you have retained Bankruptcy Law Professionals for bankruptcy, it is already illegal for them to contact you. Once they have knowledge that you have retained our law office for bankruptcy Continue Reading