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

If you are struggling financially and living paycheck to paycheck, it is time to consider your debt relief options. Filing a Chapter 7 or Chapter 13 bankruptcy can be the first step to taking control of your debt and getting your financial life back on track. The first step in making this decision is to...Read More

Reestablishing their good credit score is a top priority for most debtors. One way to do just that is by paying your current obligations on time: your mortgage, your car note and any other secured debts that you may have. A question we are often asked by debtors is if they can use their credit...Read More

The Chapter 13 bankruptcy plan essentially puts you on an allowance for a period of time, to help you catch up on your bills, start rebuilding your credit score and get on with your life free of creditor harassment.   The Plan A Chapter 13 bankruptcy is sometimes referred to as the “wage-earner plan” or...Read More

Many Americans simply have more debt than they can afford to repay. A chapter 7, or liquidation bankruptcy is an option to clean up your debt. Despite what you hear, it is rarely due to irresponsibility.  No one sets out to accumulate $7,000 in credit card debt, but a temporary job loss, sudden illness or...Read More