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All
- All
- Bankruptcy Alternatives
- Bankruptcy Issues
- Bankruptcy Law
- Chapter 11
- Chapter 13
- Chapter 7
- Life After Bankruptcy
The Meaning of Surrender in Terms of Bankruptcy
Justin Harelik
July 1, 2016
When you’re filing bankruptcy, the word “surrender” doesn’t actually mean surrender. Bankruptcy has a way of altering the meaning of words that we all think we know under normal circumstances and surrender just happens to be one of them. For instance, many bankruptcy petitioners surrender their car or their property. ...
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The Four C’s: Analyzing a Credit Application
Justin Harelik
June 29, 2016
There are four major elements of a general underwriter’s guidelines in reviewing and analyzing a credit application for the lender. We like to call it the Four C’s: credit, capacity, collateral, and character. The Four C’s: Credit – The applications you submit immediately after bankruptcy, at the beginning of your ...
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What Makes Up Your Credit Score?
Justin Harelik
June 28, 2016
It’s one thing to decide that you are going to rebuild your credit score after bankruptcy, but it’s another thing to do it – particularly when you aren’t sure where credit scores come from. What makes up your credit score? Payment History (35%) Outstanding Debt (30%) Age of Your Credit ...
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Tell Your Bankruptcy Story: Your Very Own Sound Bite
Justin Harelik
June 27, 2016
According research, over 80% of bankruptcy petitioners have dealt with: illness, divorce, or unemployment. What’s your bankruptcy story? Prepare your very own 30-40 second sound bite explaining why you filed for bankruptcy protection. This is important because as you begin your quest towards a credit score of 720, you are ...
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Filing Bankruptcy: When To Stop Making Payments to Creditors
Justin Harelik
May 31, 2016
When you decide to declare bankruptcy, you must make a comprehensive list of all creditors to which you owe money. Every one of them must be listed in the paperwork as bankruptcy is designed to treat all creditors fairly in regards to payment and nonpayment. Depending on the petitioner’s specific ...
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Walking Away from the House Post-Bankruptcy
Justin Harelik
May 25, 2016
“Walking away from the house” has become a common enough phrase that it is regularly bandied about amongst the public. This is a result of the recession in recent years that resulted in so many losing their homes, finding themselves upside down in their homes or considering moving out and ...
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