Most of the time chapter 7 is the best case scenario, however there’s also chapter 13. Chapter 13 should be used when there’s a lot of equity in a house or some other kind of asset that a debtor is trying to protect. An example of this can often be seen when a person comes … Read more
There are lots of options to becoming debt free out there, but you are looking for the best. The right debt free option depends on your financial situation which can be properly evaluated by a reliable credit counselor. One option you may consider is to pay off your debt on your own. This will … Read more
Foreclosure can be a court process where the lender proves that the borrower is in default on payments. The court may require the borrower to pay the entire remaining mortgage. If the borrower does not pay, the court will issue a statement to foreclose on the mortgaged house. Foreclosure can also be non-judicial and not … Read more