Chapter 7 bankruptcy is a legal process designed to provide individuals with a fresh financial start by eliminating overwhelming debt. As you navigate through this bankruptcy chapter, it’s crucial to understand the key terms associated with Chapter 7 bankruptcy to make informed decisions. In this blog post, we’ll define and explain the essential terms you...Read More
As technology continues to advance, so do the methods used by scammers to exploit unsuspecting individuals. In 2023, the threat of scams has reached new heights, and it is crucial for everyone to be aware of the different types of scams and how to watch out for them. In this article, we will explore various...Read More
A type of bankruptcy called Chapter 7 is intended for people and corporations who are unable to pay their debts. It is also referred to as a “liquidation bankruptcy” since the bankruptcy trustee sells the debtor’s assets to pay off their creditors. The fundamentals of Chapter 7 bankruptcy, including what it is, how it operates,...Read More
The thought of declaring bankruptcy can be intimidating, and many individuals worry that doing so will damage their credit or possibly cause them to lose their assets. However, declaring bankruptcy can have a lot of benefits that can help people get back on their feet and restore control over their finances. We’ll go through a...Read More
Regulation Z, also known as the Truth in Lending Act (TILA), is a federal law that requires lenders to disclose certain information to consumers before they enter into a credit agreement. The purpose of Regulation Z is to provide consumers with clear and accurate information about the terms of their credit agreements, so that they...Read More
Regulation X is a federal law that is designed to protect consumers from unfair and abusive practices in the mortgage servicing industry. It was enacted in 2013 by the Consumer Financial Protection Bureau (CFPB), in response to widespread abuses in the wake of the 2008 financial crisis. The main purpose of Regulation X is to...Read More
Pitfalls of the Walkaway- Don’t Let A Bank Control Your Future Zombie mortgages are a little-known phenomenon in the world of real estate that can have serious consequences for homeowners. These mortgages, also known as “zombie foreclosures,” occur when a homeowner defaults on their mortgage and the lender initiates foreclosure proceedings, but then the foreclosure...Read More
In recent years, the issue of student loan debt has been a major concern for many people in the United States. According to recent data, the total student loan debt in the US has surpassed $1.7 trillion, with the average borrower owing over $30,000. To address this growing problem, a proposed student loan relief plan...Read More
As the cost of higher education continues to rise, student loans have become a fact of life for many people. However, paying back those loans can be a source of stress and uncertainty, especially for those who are just starting their careers. Fortunately, there are a variety of student loan payment plans available to help...Read More
On March 27, 2020 Congress passed and the President signed into law the CARES Act and emergency stimulus package, providing financial relief to individuals and businesses effected by the ongoing COVID-19 pandemic. If you are a small business owner, sole proprietor, or even if you are paid as an independent contractor, the law may provide...Read More
