Archive for November, 2009

Bankruptcy and the Middle Class – Massive Job Losses Push Middle Class Into Bankruptcy

Tuesday, November 24th, 2009

In part one of our series about why the middle class is becoming more vulnerable to bankruptcy, we discussed the swelling numbers of Americans who have a college education and own homes filing bankruptcy. In part two of this series, we will explore how the massive numbers of job losses ...

Before You File For Bankruptcy – Things You Should Know

Monday, November 23rd, 2009

Before you file for bankruptcy, there are a number of things that you should know.1. Filing bankruptcy will destroy your credit score.You'll be unable to obtain a credit card or secure a loan for some time once you've filed bankruptcy. A bankruptcy listing can remain on your record for up ...

Can You Get a Loan Modification If You Filed for Bankruptcy?

Sunday, November 22nd, 2009

One of the biggest Myths out there is that bankruptcy stops foreclosure. It doesn't, it only temporarily delays it. The only way to stop a foreclosure is to pay the loan off, which would be through selling the home or refinancing, or getting a loan modification. So the first course ...