Photo by Clem Onojeghuo on Unsplash If you’re even considering bankruptcy, consider taking some actions which seem to go against common sense, including about your possessions. Last week we made the point that if bankruptcy is even a possibility for you, please quickly get legal advice. We said when considering bankruptcy you should get legal advice to find out: if … Read More
Chapter 7, in the right situations, buys time to sell your home. It may buy only a couple of crucial months, or sometimes much longer. Our last several blog posts have been about using bankruptcy to either prevent various kinds of liens hitting your home or deal with those liens if they happen. For example, in the last few … Read More
Bankruptcy helps—often tremendously—with your home mortgage and other home-related debts. Here’s a list how Chapter 7 & 13 each do so. If you’re buying a home, your mortgage and other home-related debts are probably your most important ones. That’s especially true if you want to keep the home. So the choice between filing a Chapter 7 “straight bankruptcy” and … Read More
If you need more time to sell your home, you can usually get more time than under Chapter 7. Can maybe even delay selling for several years. Our last blog post was about the relatively long time Chapter 13 gives you to catch up on your mortgage. Besides the 3 to 5 years it gives you, Chapter 13 also … Read More
Your assets can include property and possessions that you have sold or given away before filing bankruptcy.
Chapter 13 can be an effective way to temporarily or permanently hold on to business and investment real estate equity and income.
Chapter 13 can be an effective way to keep or unload business and investment real estate.
Chapter 13 is often a better way to get sell real estate, especially if you have other financial complications.