Many homeowners are struggling to make monthly mortgage payments necessary to avoid foreclosure, forcing themselves into a situation where credit card debt or medical bills pile up as they attempt to keep their homes. Paying some debts and allowing others to slide is a dangerous act, and those who seek to find debt relief should strive to understand their rights and obligations under the law.
Man claims he is victim of creditor harassment after insults
Those facing financial challenges, and even bankruptcy, are often all too familiar with the steps creditors take when trying to seek repayment of credit card debt or other delinquent loans.
Company seeks debt relief through bankruptcy and auction
Filing for bankruptcy can be a difficult time in a person's life. There may be several bankruptcy options for those facing financial challenges, including Chapter 11, Chapter 7 and Chapter 13 filings. Consumer bankruptcy is a common issue, but businesses may also need debt relief.
Area recycling company files for Chapter 7 bankruptcy
Filing for bankruptcy, whether it be for Chapter 7 or Chapter 13, can provide debt relief and a fresh financial start for individuals and businesses struggling with financial challenges.
Arkansas coach's bankruptcy may provide debt relief
A bankruptcy doesn't necessarily mean the loss of all of the filer's possessions. Although a Chapter 7 liquidation procedure requires that most of a filer's assets should be sold to pay off the debts accrued, certain assets are safe from loss. Readers in Appleton, Wisconsin, may have heard of the recent bankruptcy filing of major college football coach John L. Smith. The assets preserved in his bankruptcy demonstrate that the amount saved during the bankruptcy process can be considerable.
