too much debt

After the days of "easy" credit, many people just have too much debt to repay. Bankruptcy is probably the logical solution.

mortgage restructures

People should be weary that any mortgage restructure does not create more debt against the land. Many temporary restructures do not pay the interest accruing on the mortgage.

foreclosures

If you wish to save your home from foreclosure, do not let a judgment of foreclosure be entered even if the bank tells you they will still work with you.

Bank account automatic withdrawal

I suggest that everyone avoid automatic withdrawal's for debt repayment. Too many things can go wrong and over drawn bank accounts can cause multiple problems.

credit card debt forgiveness

Be aware that if a credit card company forgives a portion of your debt, there may be tax ramifications as debt forgiveness is generally considered income and you may have to pay taxes on the amount of debt forgiven.

Fresh Start

Now more than ever Americans in debt trouble need a fresh start by filing a chapter 7 bankruptcy.

Foreclosures Up! Chapter 13 can save your home

As home foreclosures continue to rise, many people lose their homes. I wish more people knew a chapter 13 bankruptcy can save their home!