Is it possible to survive bankruptcy and foreclosure ? Seems like a tough hill to climb. Here’s how one couple did it and came out on the other side stronger. The following is a guest post by Jessica Bosarii. She writes for Billeater.com, a site devoted to providing helpful money-saving tips beyond the obvious. You […]
Debt And How To Deal With It Related Posts
No matter how responsible you are, you could easily find yourself saddled with impossible debt. If so, it can be a frightening situation. Here you’ll find posts to help you systematically get out of debt and stay debt free for the rest of your life.
Will I Lose My Home If I File Chapter 13 Bankruptcy?
Will I lose my home if I file chapter 13 Bankruptcy? A reader, “V,” asked me this question recently. Here’s a copy of her e-mail: I might have to file “BK.” I have four credit cards in default. I am on disability and have no earned income but at least my house is paid for. […]
The Worst Debt Relief Scams and How to Avoid Them
This is a guest post by Jack Reed. He is a financial writer and offers advice on various debt management programs and debt relief scams. He can be contacted at jackrd3 AT gmail DOT com Many people who are immersed in hefty debts look out for some quick and easy solutions to solve their debt issues. […]
How to Declare Bankruptcy and Wipe Out Your Home Equity Line of Credit
Bankruptcy and foreclosure don’t always go hand in hand. You can actually declare bankruptcy, keep your home and lose your home equity line of credit . Yesterday I told you the story of a woman who had piled up tons of debt and was considering bankruptcy. In that post, I explained how she could declare […]
How to Declare Bankruptcy and Not Lose Your Home Equity
You can declare bankruptcy and not lose your home equity. Let me illustrate how by answering an e-mail I received from “B.” My husband and I run a small real estate business. We thought this was one of the best business ideas we could come up with. But when the “housing bubble” began to burst […]
Couple Can’t Make Credit Card Payments. What Would You Do?
I took a tough call yesterday from a young couple who can’t make both their credit card and mortgage payments. It has to be one or the other. John and his wife Margaret are in way over their heads, and they’re considering throwing in the financial towel. They are facing bankruptcy and foreclosure. They owe […]