Tag Archives: Bankruptcy
Bankruptcy: How it Works
Declaring bankruptcy provides an opportunity to get a fresh financial start when you are struggling with an overwhelming amount of bills.
Home Mortgage Relief
Usually if something seems too good to be true, it is. However, under a new Streamlined Modification Initiative, announced by the Federal Housing Finance Agency, mortgage service officers are required to offer borrowers who are 3 to 24 months delinquent a plan to avoid foreclosure. Notice of eligibility will be coming by mail, so if […]
How Will Bankruptcy Affect My Credit Score?
Many clients contemplating filing bankruptcy are concerned about the impact of filing on their credit score. Often they believe a filing will affect their score for 8 years. In fact, currently a bankruptcy will be part of your financial record indefinitely. However, often the best way to improve a score in the long term is […]