Featured
Walking Away?
Some people think that simply walking away is the best option. Choosing this option will result in short term satisfaction and long term pain. Heavy deficiency balances due and severe credit damages loom for the long run. Repair on these damages will take an incredible amount of time and money. If you are leaning towards…
Read MoreGovernment Programs
Many people ask “what about the Government Program?” or “what about the rules surrounding HAMP?”. Simply put , the Federal Government did a very poor job launching the program. There are no specific rules that the banks must follow. The banks misused the TARP money that was given to them to fuel the HAMP program.…
Read MoreChapter 13 Timeline
Four Years Before Your Bankruptcy You are not eligible for a discharge under Chapter 13 if you received a previous discharge under Chapter 7, 11 or 12 within the prior four-year period. If the prior case was a Chapter 13, you must wait two years before you are eligible for another Chapter 13 discharge. 180…
Read MoreChapter 7 Timeline
6-8 Years Before Your Bankruptcy If you received a Chapter 13 or Chapter 12 discharge in a case filed within the previous six years, you will be eligible for a Chapter 7 discharge generally if, in the prior case, you paid at least 70 percent of your allowed unsecured claims, and your plan was proposed…
Read More