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By Herald Staff In August, lenders completed 566 foreclosures in Massachusetts — the lowest monthly level recorded so far this year, according to real estate industry tracker The Warren Group. The figures mark the third consecutive month of year-over-year foreclosure deed decreases and the lowest number of completed foreclosures in any month since February 2011,...
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When debtors realize that they have more debt than income and it begins to feel as if there’s no way out, it’s time to consider financial freedom through personal bankruptcy. There are a lot of different things to consider when filing for bankruptcy, such as the chapter that will help the debtor most and the...
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When overwhelming debt leads you to the point of considering bankruptcy, it is easy to become confused by the processes, terms and steps with a personal bankruptcy filing. That is the reason it is always advisable to hire an experienced Plymouth Bankruptcy Attorney to help you understand your options and handle the process of personal...
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Co-Signors and Debt Discharge Filing for bankruptcy protection is a safeguard that enables a debtor to discharge his debts after filing for bankruptcy. He is therefore relieved of the duty to repay any outstanding debts. Unfortunately, any remaining co-signor or co-signors would still be responsible for the debt because the discharge is specific to the...
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Legal Services: Any person can file for bankruptcy themselves but the paperwork and process must be completed in a timely and detailed manner or your bankruptcy could be rejected. A Massachusetts bankruptcy attorney can make the process go much smoother and precisely by assisting in these areas: Counsel: When bankruptcy is a consideration, a debtor...
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While the national unemployment rate has dropped slightly, we still aren’t out of the woods. Even many who are working have fallen behind on payments, leading to risk of foreclosure. If you’re considering filing for Chapter 13 Bankruptcy to prevent foreclosure, here are a few things to consider first. Understanding Foreclosure Until your home is...
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Are your wages being garnished? If so, you are well aware of the stress that this situation causes. There was obviously not enough income to begin with or you wouldn’t have gotten behind on your payments but now that they are garnishing your wages this is certainly making the situation worse – not better. If...
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When making the critical decision to file for personal bankruptcy protection, there is a plethora of information available. In these days of the Internet, iPhones, and information about anything available with the dance of our fingers, it is always possible that we may not pick up on the best, or even accurate information. As with...
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Dear Action Line: I filed Chapter 7 bankruptcy as I could not make minimum payments on $15,000 in Capital One Financial credit card debt. The payment was $300 per month until they raised it to $750 per month! This I could not afford, so I filed bankruptcy. It wrote saying it was suing me for...
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Are you struggling financially and considering filing personal bankruptcy? Many people struggle greatly with this decision because they are so worried about the ramifications of their choice. However, most people are unaware of the fact that there are several advantages to filing personal bankruptcy that should be taken into consideration as well. Finding Support While...
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