It’s a staggering statistic. One in four mortgages is currently underwater, meaning the value of the home is not high enough to pay off the amount owed on the home. In order to sell the house, the homeowner would have to pay the bank to take it back, not to mention all the fees for [...]
Bankruptcy can be a positive step in your finances, but it’s not always cut and dry. When considering personal bankruptcy, one must consider whether Chapte 7 or Chapter 13 is the best choice. Typically if you can file Chapter 7, you should, since it’s more consumer friendly. But if Chapter 7 is out of reach [...]
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