Tag Archives: riverside bankruptcy
Can You Rent an Apartment or House with a Bankruptcy?
How does a bankruptcy on your credit report impact your chances of renting a home? Income is the number one factor in securing a place to rent. It is just one part of your financial profile that a landlord or property manager would want to know about. A credit score and credit report is also Continue Reading
Is your home still underwater due to a HELOC?
Bankruptcy is a HELOC Solution Did you know you can file a lien avoidance motion (lien strip motion) in a bankruptcy to remove a Home Equity Line of Credit or HELOC (Also known as 2nd mortgage, 2nd home loan, line of credit, junior lien, junior loan)? If your house is underwater due to a HELOC, Continue Reading
What Happens After Bankruptcy?
The most common concern when filing bankruptcy is facing the consequences of filing. Many are concerned about the credit impact in the future. A bankruptcy is recorded on your credit report and will remain on your credit report for 10 years unless you are able to manipulate the credit bureaus to remove the bankruptcy. In Continue Reading
How Bankruptcy Affects Your Credit
One of the most common questions we are asked here at Bankruptcy Law Professionals is about how the bankruptcy will impact your credit. Over years and years of experience, we can confidently state that in most of our bankruptcy client cases, the overwhelming long term result is an IMPROVEMENT of credit score. You read that Continue Reading
Co-Signer and Bankruptcy
How does a bankruptcy impact a debt if the debt has been co-signed by a 2nd party? In this article, we will explore different scenarios in which a co-signer is involved in debt in the context of bankruptcy. When one person files for bankruptcy, the liability on the debt is essentially removed after the bankruptcy Continue Reading
Student Loan Crisis Again
Last year at around this time, there was a lot of noise in the media about the student loan crisis. The alarm was set by deadline to double student loan rates across the board to 6.8%. All student loan rates are set to double on July 1st if there is no agreement to change the Continue Reading
Can I Stop Paying My Credit Cards While I am in Bankruptcy?
Credit card debt is a common part of life in domestic households. We use credit cards to pay for things that we should be able to pay for over time if everything in your financial life goes in its expected direction. A financial emergency is what may throw your credit card debt management plan into Continue Reading
How to Pay for Bankruptcy Services on a Low Budget
Filing for bankruptcy can sometimes be an additional financial problem on top of the debts that you already need to include in a bankruptcy. With many law firms charging upwards of $2000 or more for bankruptcy services, it may be difficult for some people to come up with the funds to file for bankruptcy if 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
How to Stop A Wage Garnishment
As the economy continues to rebound, there are many positive changes in the economic environment. More jobs means more income for those who have had a hard time finding employment through the recession. More income is usually a very positive change in your life unless your creditors intercept your earnings through a wage garnishment. While Continue Reading