Posts Tagged ‘Bankruptcy&’
3 Things You Might Not Know About Refinancing A New Jersey Mortgage After Bankruptcy
Last Updated on Wednesday, 24 March 2010 09:14 Written by admin Wednesday, 24 March 2010 09:14
If you have never refinanced a New Jersey mortgage after bankruptcy, then you probably don’t know a lot about the process. Taking time to educate yourself in regards to the way the lending industry works will be to your advantage. To help you out, here are three things in particular you may not know about refinancing a New Jersey mortgage after bankruptcy:
Lenders Will Be After You
After filing bankruptcy, you might be surprised when a whole slew of lenders come crawling out of the woodwork ready to offer you any loan that you’re looking for. Perhaps you have already received phone calls, emails, or items via snail mail advertising various lending services. While it may be tempting to contact one of these companies, you will be better off soliciting your own lender rather than going with a lender who solicited you. You will especially want to steer clear of anyone asking for credit card information or bank account numbers during an initial consultation. Read more: 3 Things You Might Not Know About Refinancing A New Jersey Mortgage After Bankruptcy
Tags: bad credit, Bankruptcy&, mortgage refinance, New Jersey | Posted under Wealth Building | No Comments
A Look At Personal Bankruptcy & What To Expect
Last Updated on Tuesday, 16 March 2010 09:10 Written by admin Tuesday, 16 March 2010 09:10
One of the most difficult decisions that you can face is whether or not to file for bankruptcy. For individuals, there are basically two types of personal bankruptcy, which includes Chapter 7 and Chapter 13. Designed to give the filer a fresh start in life by wiping out certain debts, a Chapter 7 bankruptcy will rid the filer of credit card and other unsecured debt. A chapter 13 bankruptcy, on the other hand, is a court-approved payment plan in which the filer is required to repay a predetermined percentage of their debt. The determination of which chapter to file will be based on the filer’s disposable income, if any, after paying their necessary monthly bills.
When many people file for bankruptcy, their first thoughts are of their assets and whether or not they may lose their home. In a Chapter 13 repayment plan, the majority of filers are allowed to keep their property in exchange for repaying a portion of their debts. A Chapter 7, however, is designed to be a liquidation process that often results in the sale of non-exempt property. Which property is non-exempt in a bankruptcy proceeding? Each state has it’s own laws pertaining to the amount of property that an individual or married couple can keep without having to worry about it being liquidated.
Read more: A Look At Personal Bankruptcy & What To Expect
Tags: Bankruptcy&, budgeting, Finances | Posted under Finance | No Comments
Credit Card Debt, Bankruptcy,& personal finance for doomers
Last Updated on Sunday, 14 February 2010 11:07 Written by admin Sunday, 14 February 2010 11:07
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Tags: Bankruptcy&, Card, Credit, Debt, doomers, Finance, personal | Posted under Finance | 25 Comments