Tag Archives: Chapter 7
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Filing for bankruptcy is very helpful for eliminating debt but it is also harmful to your credit. We explain to our clients that rebuilding good credit is important even though we encourage them to stay away from incurring new debt. Following are some of the ways you can rebuild your credit after bankruptcy: Pay your… Read More »
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What is a cosigner? A cosigner is usually a friend or family member who signs a legal document or contract and promises to pay your loan in the event you are unable. When a consigner signs a contract, this individual becomes legally liable for the debt. According to bankruptcy laws, the lender/creditor views the cosigner… Read More »
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When you are in financial distress, staying on top of your mortgage can be difficult. Are you considering bankruptcy as an option? Before filing bankruptcy, you should take a moment to understand how it may affect your mortgage. We explain to our clients seeking bankruptcy that they have two options: Chapter 13 or Chapter 7…. Read More »
