Tag: bankruptcy Archive
Short Sale, Foreclosure or Bankruptcy?
Justin Harelik
September 18, 2015
Losing your parents can be extremely difficult no matter how old you are, but when you lose a parent when you are grown, many find themselves with additional responsibilities. In some instances, they will find themselves responsible for caring for their remaining parent who is now grieving. Some discover that ...
Read More →
Can You Get a Loan Modification Through the Bankruptcy Court?
Justin Harelik
September 16, 2015
The process of obtaining a loan modification can seem impossibly difficult. Many individuals who are interested in filing for bankruptcy or have recently filed for bankruptcy have either already attempted to obtain a loan modification or are hoping to get one. It’s one of the methods that consumers can make ...
Read More →
Signing a Deed in Lieu of Foreclosure Post-Bankruptcy
Justin Harelik
September 14, 2015
For many, divorce seems to lead to bankruptcy. We’re not marriage counselors or divorce experts so we can’t really say if the prevalent number of bankruptcies after divorce is due to the divorce or if the divorce is due to the need for bankruptcy. Regardless, many find themselves dealing with ...
Read More →
Post-Bankruptcy: Who Pays HOA Dues if Bank Doesn’t Foreclose?
Justin Harelik
September 11, 2015
In some cases, bankruptcy can provide a discharge of debts and relief from heavy financial burden, but then a seemingly random debt or financial responsibility will seem to have escaped the bankruptcy process. For many this comes in the form of Homeowners’ Association (HOA) dues and assessments on properties that ...
Read More →
Post-Bankruptcy: When is My Name Removed from the Deed?
Justin Harelik
September 2, 2015
Once you’ve filed for Chapter 7 bankruptcy and received your discharge of debts, your mortgage lender’s attorneys could still contact you even if you included your home in your bankruptcy. Such letters will often urge you to contact the lender for options: loan modification, short sale, deed-in-lieu of foreclosure, forbearance, ...
Read More →
Can I Buy My House Back at Auction After My Bankruptcy?
Justin Harelik
August 20, 2015
You filed for Chapter 7 bankruptcy earlier in the year and included your home since you owed substantially more than its now worth. You are still occupying the home and are now wondering if you can buy your own house back at the foreclosure auction. You have the money, but ...
Read More →
College Credit Cards Mistakes, the Statute of Limitations and Bankruptcy
Justin Harelik
July 30, 2015
Going to college is (in most cases) an excellent decision. It’s a good choice, a worthy goal, a nice move, a lovely aspiration, etc. But for some reason, once the decision is made many of us lose all logic. We suddenly BECOME college students. And college students, seemingly by definition, ...
Read More →
Credit Counseling vs. Bankruptcy: Which Comes Out on Top?
Justin Harelik
June 22, 2015
Is credit counseling as damaging as a southern California bankruptcy? Almost every individual interested in bankruptcy and the discharge of debt that it provides approaches their bankruptcy attorney with this question before they file. It’s difficult to provide a standard answer to suit all situations, but most who are in ...
Read More →
Bankruptcy and Home Loans: What’s the Best Way to Save Your Home?
Justin Harelik
June 2, 2015
While divorce and separation are often caused by financial trouble, they can also lead to financial trouble. For instance, who keeps the house? Who makes the payments on the house? Who benefits from all the payments already made on the house during the years the marriage was intact? What happens ...
Read More →
Preparing for Bankruptcy: Voluntarily Closing Credit Accounts
Justin Harelik
March 30, 2015
If you feel you are considering preparing for bankruptcy, you should read testimonials submitted by other bankruptcy petitioners. You should also read material regarding the process of bankruptcy. You should know who the bankruptcy trustee is and what their job is in relation to your bankruptcy case. You should know all ...
Read More →