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Posts tagged 'personal bankruptcy'
Written by: Timothy McFarlin | Publish date: November 5th, 2010
As a loan modification attorney and bankruptcy lawyer, many clients ask me: Can you get a loan modification with a chapter 7 bk? A bk chapter 7 (Chapter 7 Bankruptcy), will typically slow down the loan modification process, and often improves a borrowers chances of getting approved for a loan modification. Chapter 7 Bk and Loan Modification Frequently, clients who are considering a loan modification also need a chapter 7 bankruptcy. Borrowers struggling with mortgage payments are often struggling with the burden of other debt as well. The same problems which cause clients to fall behind on mortgage payments, often [...]
Written by: Christopher Gordon | Publish date: April 5th, 2010
According to recent numbers, since the Feds reformed bankruptcy laws five years ago, the number of filings for bankruptcy protection has skyrocketed. On April 1st, the Automated Access to Court Electronic Records (AACER) released data compiled from various court filings and showed 158,141 US bankruptcy petitions were filed in March alone—20% more than (132,005) March 2009, and 35% more than this year’s February (117,240). Of the 158,141 petitions filed, 149,979 were for individuals while 8,162 were filed by businesses. More than half of the petitions were Chapter 7 related—which allows, more often than not, the consumer to a fresh, financial [...]
Written by: Timothy McFarlin | Publish date: December 17th, 2009
Good people caught in this economic downturn are losing their homes because of campaign contributions
Written by: Timothy McFarlin | Publish date: September 28th, 2009
People that have a good FICO score but at the same time they are in a lot of debt and they are making only the minimum payment on all of their bills, debt consolidation would be the best option. Debt consolidation would be the best option because it will help them to get lower monthly payments so they can keep up and will not ruin their credit score. They will also be able to get themselves out of the debt faster.
Written by: Timothy McFarlin | Publish date: September 14th, 2009
These percentages are based on the importance of the five categories of the general population. For particular groups of people, the relative importance of these categories may be different (for example, someone who has not been using credit for that long).
