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Working With A Bankruptcy Professional

A few years ago, when I realized that I couldn't pay my mortgage anymore, I knew that I needed to do something to correct my finances. It seemed like I just couldn't catch a break, and after losing my job, I knew that I was in trouble. I started looking for new work, but I knew that I needed to fix my credit somehow. I was at the end of my rope, until a friend talked with me about the possibility of declaring bankruptcy. She explained that it helped her to start over. I met with a bankruptcy attorney who was incredible to work with, and I was amazed at how much it helped my situation. Check out this blog to learn how working with a bankruptcy professional could help you.

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Working With A Bankruptcy Professional

    When You Don't Want To File For Bankruptcy: Smarter Approaches To A Debt-Free Life
    Bankruptcy should always be a last-ditch effort at unloading debt. Considering the ugly impact that bankruptcy can have on your credit over the next ten years, you should seriously consider and weigh the consequences of this option before following through on it. If you want to explore other options, consult with a debt consolidation attorney. Here is some of the advice such an attorney might give to you: ​Organize Your Debts from Highest and Oldest to Lowest and Youngest

    2 Reasons To Consider A Chapter 13 Bankruptcy Filing
    One of the hardest parts about filing for bankruptcy is trying to decide what type of bankruptcy is the best fit for your financial situation. Listed below are two reasons to consider a Chapter 13 bankruptcy filing in order to help you make your decision a bit easier. Get To Keep Your Property One of the biggest differences between a Chapter 7 and Chapter 13 bankruptcy is the fact that you do not have to give up as much property when you file for a Chapter 13 bankruptcy.

    Want A Divorce And Drowning In Debt? What To Know
    Getting divorced can be financially draining even if you're doing okay financially, and if you have debt it can be an even bigger problem. If you and your spouse want to divorce but you have no idea how to split the debt, or how you can get rid of the debt because you're currently drained, you want to talk with a bankruptcy attorney. A bankruptcy attorney may be able to help you with your financial problems, and often it's best for couples to take care of their finances before they schedule a divorce.

    3 Signs It's Time To Let Your House Go
    Making the decision to file for bankruptcy is never easy. There are a lot of things that you have to consider when filing the paperwork. One of those things is whether you are going to keep your home or not. While this is never an easy decision to make, it doesn't have to be as complicated as you might think. To help simplify the process for you, here are a couple signs that you need to say goodbye to your home and move on to something different.

    Chapter 13 Bankruptcy And Multiple Mortgages: Make Your Repayment Plan Easier On You
    If you currently have two or more mortgages on your home and are in the middle of filing Chapter 13 bankruptcy, you may wonder if there's any way to make your repayment plan more affordable to avoid losing your home. Although Chapter 13 gives you a chance to pay off one home mortgage, it may be difficult to repay two or three mortgages if your income is less than all three mortgages put together.

    3 Things That Can Cause Your Disability Claim To Be Denied
    There are few things more embarrassing than having to admit you no longer are physically able to work. So many feel that they still have to work through their debilitating pain, but there are disability benefits available for those who apply for them. However, it can be very difficult for some to get benefits. Statistics show that only around 65% of applicants are approved on their first try. That means around 35% of applicants are denied for various reasons.

    3 Tips For Purchasing A Home After Filing For Chapter 7 Bankruptcy
    Chapter 7 bankruptcy is commonly used by individuals and businesses as a way of forgiving any outstanding debt. As a part of the bankruptcy agreement, a trustee is assigned to your case and that person is responsible for helping you liquidate all of your assets. The money received from the liquidation is used to pay off creditors. For many homeowners, this means that your home will be one of the assets that are liquidated.

    6 Stages Of The Foreclosure Process
    Being unable to afford you monthly house payment can be a difficult time. You may need to consider foreclosure if this happens to you during any stage of life. Foreclosure is when your lender will take back the property if you aren't able to pay for it. Knowing the specific stages of this process may be helpful to you if you're faced with this unfortunate financial situation. Stage #1: Defaulting on Payment