If you received Form 1099c from your lender because of foreclosure, short sale, loan modification or debt settlement, the general rule is it is a reportable income. There are however few exceptions that may apply. The exceptions are Home Affordable Loan Modification Program reduction of...
If you are near your retirement age, you must act now or else you will find yourself miserable during your "golden years" or retirement period. Bankruptcy is a great financial planning tool for those who are within a few years from retirement. You must prepare...
The first thing you will know if you are being sued by your creditor is the receipt of a summons from the court with a notice stating that you are being sued and that you have to respond to the complaint for money owed within...
Did you receive a Notice of Default on your home? Are you denied a Loan Modification? If this is your situation then your home is in danger of being foreclosed and you must have a plan of action to keep your home. Below are some...
Your employment will not be affected if you file bankruptcy. One of the factors that keep professionals and employees from seriously considering bankruptcy is the fear of how it may impact their employment. It is very important to know that the Bankruptcy laws and the...
Most personal properties are exempt from being taken by the creditors if you file bankruptcy. This includes retirement accounts and social security income. Question: How much property can I keep if I file bankruptcy? Answer: If you are filing Chapter 13 bankruptcy, you keep everything...
If you received Form 1099c from your lender because of foreclosure, short sale, loan modification or debt settlement, the general rule is it is a reportable income. There are however few exceptions that may apply. The exceptions are Home Affordable Loan Modification Program reduction of...
Your employment will not be affected if you file bankruptcy. One of the factors that keep professionals and employees from seriously considering bankruptcy is the fear of how it may impact their employment. It is very important to know that the Bankruptcy laws and the...
Many people believe bankruptcy as a last resort to save an unsuccessful financial aspect of life. However, financial problems necessitating bankruptcy are not the result of poor decisions. Sometimes people are not financially prepared for a major life change such as unemployment, divorce or illness....
The first thing you will know if you are being sued by your creditor is the receipt of a summons from the court with a notice stating that you are being sued and that you have to respond to the complaint for money owed within...
If you are near your retirement age, you must act now or else you will find yourself miserable during your "golden years" or retirement period. Bankruptcy is a great financial planning tool for those who are within a few years from retirement. You must prepare...
Bankruptcy is a solution to financial problems and a way to start anew with what we have dreamt in life. After you are discharged from bankruptcy, you feel you are relieved of heavy burden you carried for so many years. You have passed the process...