Have A High-Cost Mortgage? There May Be Special Protections Available To Help You Avoid Foreclosure

Posted on

If the bank is threatening to take your home or has initiated the foreclosure process, one way to defend against this action is to invoke the special protections provided to people who have high-cost mortgages. These are loans that have higher than normal interest rates (among other qualifications) that may put borrowers at a greater risk of defaulting. Here’s more information about this option and how it can benefit you.…

Read More »

Considering Chapter 7 Bankruptcy As a Senior Citizen? 2 Ways It Will Impact Your Income

Posted on

When filing for Chapter 7 bankruptcy as a senior citizen, it is important that you understand how filing for bankruptcy will impact your income, which at this point in your life is most likely coming from retirement accounts as well as social-security payments.  #1: Retirement Accounts When you file for bankruptcy, the money that you have saved up in your retirement accounts is generally protected by federal law. This protection was put in place to encourage people, even those in debt, to save for their retirement.…

Read More »

How To Know If It Is Time To Consider Filing For Bankruptcy

Posted on

Deciding whether to file for bankruptcy can be a tough decision, especially if you are not aware of the signs that you need to be looking for. To help you decide if it might be time to consider filing for bankruptcy, you will want to check out the following points. Collection Calls Will Not Stop If you are unable to make suitable payment arrangements with your creditors, it is unlikely that they are going to stop placing their collection calls.…

Read More »