Family
When you’re struggling with debt, it can affect the entire family. From having your wages garnished to possibly losing your home to foreclosure, it can be a tough pill to swallow when bills go unpaid and creditors start calling. However, your family’s financial situation could be solved by filing bankruptcy. Read on for more information about how to help your family and get back on track.
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Posted by: Erik Clark
Does my girlfriend’s contribution to utilities hurt my ability to qualify for chapter 7 bankruptcy?
Reader Question: I live with my girlfriend who has her house paid-off. I pay her $450 month for my share of the food and utilities. I earn just under the cutoff to be able to file for Chapter 7 BK. The problem, as I see it, is would I have to include what she pays…
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Posted by: Rob Cohen
Can I pay back family before bankruptcy?
In times of difficulty, we naturally turn to family and friends for help. The same holds when those difficulties are financial. Family and friends know you and understand your troubles; they’ll be willing to lend you a hand even when banks won’t. They trust you regardless of your credit score. If you borrow from people…
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Posted by: Walter Metzen
How Long Does Foreclosure Take?
If you’re running into trouble making your mortgage payments, you may be wondering: How long does it take for a bank to foreclose on your home? Most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is technically a default under the terms…
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Posted by: Rob Cohen
Can I File Bankruptcy Without My Spouse? Will My Bankruptcy Hurt My Family?
One of the most common questions bankruptcy attorneys receive is: “How will filing for bankruptcy affect my spouse?” The issue comes up most frequently when only one spouse is planning to file for bankruptcy. Many have the mistaken impression that because they are married, their spouse is automatically responsible for their debts. This is not…
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