Before Bankruptcy, Don’t Let Your Credit Score Trick You

Before Bankruptcy, There Are Two Ways Your Credit Score Tricks You

Are you worried about what bankruptcy will do to your credit score?

Your credit score is the tool the banks and credit card companies use to trick you into paying them, even when you can’t afford it. Think for a moment. Is your credit score more important than feeding your children?  Probably not.

Before Bankruptcy, Don’t Let Your Credit Score Trick You

Before Bankruptcy, There Are Two Ways Your Credit Score Tricks You

Are you worried about what bankruptcy will do to your credit score?

Your credit score is the tool the banks and credit card companies use to trick you into paying them, even when you can’t afford it. Think for a moment. Is your credit score more important than feeding your children?  Probably not.

Bankr. E.D.N.C.: In re Rogers- Social Security Income not Available for Administrative Claims of Nursing Home

Bankr. E.D.N.C.: In re Rogers- Social Security Income not Available for Administrative Claims of Nursing Home

Ed Boltz

Fri, 04/19/2024 - 18:42

Proposed USED Regulations for Student Loans

Proposed USED Regulations for Student Loans

Ed Boltz

Fri, 04/19/2024 - 04:05

Does Refusing To Correct An Inaccurate Credit Report Violate The Discharge Injunction? (Bruce v. Citigroup)

UK Litigation Funding post PACAR – Tying up Loose Ends

New York’s Renewed Efforts to Pass Sovereign Debt Legislation (US)

Bankruptcy and Foreclosure

Many people fall behind on their mortgages. While some lenders are more than willing to work with homeowners who get behind on their payments, this is the exception rather than the rule. If you fall too far behind on your payments, your mortgage lender will likely begin the foreclosure process. One saving grace for homeowners facing foreclosure is that the process usually takes a while.This gives them time to consider alternatives to foreclosure, such as loan forbearance, a short sale, a deed in lieu of foreclosure, or bankruptcy.

New Bankruptcy Laws

In 2005, former president George W. Bush signed into law a major reform of bankruptcy law. This reform, called the Bankruptcy Abuse Prevention and Consumer Protection Act, changed bankruptcy law in a variety of ways. In general, filing for bankruptcy became slightly more complicated due to the reform.

Bankruptcy and Divorce

Often, divorce proceedings and assets lost in a divorce can make it necessary to file for bankruptcy in Arizona. In fact, the Phoenix bankruptcy lawyers at EZ Legal Fees by EZ Legal Fees by WantAFreshStart know divorce is one of the more common reasons people choose to file. If you are still married, there are a number of factors to consider when determining whether to file for bankruptcy or divorce first – in addition to ways to make the process as easy on yourself as possible. You may wish to consider the following factors when facing bankruptcy alongside divorce.