Board Certified Specialist in Bankruptcy
Most of our clients would like to pay all their creditors in full. Even if it takes a long time.The problem is that creditors aren't willing to wait as long as necessary to receive payment in full. This is where Chapter 13 bankruptcy comes in. Those who file for Chapter 13 protection will end up paying all or part of their debts in a court-approved and -monitored process. Consider the … [Read more...]
What a great news day for Bank of America when it announced it would offer mortgage-principal forgiveness worth about $3 billion to 45,000 borrowers. The jury is (literally) out on whether it will be an equally good day for homeowners who can't pay their debts. Why it's too soon for troubled homeowners to rejoice When people can't make their mortgage PAYMENT a reduction in principal doesn't do … [Read more...]