It is possible to refinance your home while you are in bankruptcy, though it will require court approval. If you are in a Chapter 7 and are trying to do a traditional refinance (a new lender, all new paperwork, etc.) your lender is probably going to want to wait until you receive your discharge to [...]
March 2009
People thinking about filing bankruptcy often think about doing it on their own – the reasoning is that if they could afford a pricey lawyer, they wouldn’t be in bankruptcy. But consider this, if nothing else. If you do it on your own (and legally there’s no reason why you can’t) you’re going to spend [...]
When you file a bankruptcy case, your creditors must stop calling you. If you are careful to give creditors notice at the right place, you can make them stop bothering you. And if they don’t you can make them pay dearly.
President Obama’s proposed budget calls for a deficit of over One Trillion Dollars. How much is a trillion? One Trillion Dollars can pay the rent for every renter in the US for three years… One Trillion Dollars can pay the mortgages for every homeowner in the US for 14 months… One Trillion Dollars can buy [...]
Good Morning America has been doing an ongoing series on how individuals and families can survive the economic crisis. They have featured speakers such as Dave Ramsey, Suze Orman, and Mellody Hobson among others. These three offer advice about how they think people can survive the upcoming economic crisis. In an effort to keep in [...]
Becoming a “Mystery Shopper” could be a scam and cause you to become more in debt. While some Mystery Shopper ads are legitimate, some scam artists are luring people to become Mystery Shoppers only to find themselves scammed. The scam artist sends you a check, say for $1,000 for expenses. You deposit it in your bank [...]
