Bankruptcy is often talked about as a “simple” solution to issues with money or debt. While bankruptcy can be an option, it shouldn’t be your first choice in every financial situation. Bankruptcy isn’t a one-size-fits-all solution, especially if you want to avoid foreclosure. There are many negative consequences or side effects of filing for bankruptcy….
Bankruptcy has a lot of specific terminology and processes. If you’re in bankruptcy or are considering filing for bankruptcy, it’s important to familiarize yourself with the process and what it means. At Denbeaux & Denbeaux, we encourage you to explore all of your options before filing for bankruptcy if it’s your last resort, especially when…
A reverse mortgage can be an appealing option if money is tight and you have a significant amount of equity in your home. However, if you think you might be headed towards bankruptcy, getting a reverse mortgage might not be a good idea. Having a reverse mortgage and filing for bankruptcy could create a confusing…
Declaring bankruptcy shouldn’t always be your first option if you’re struggling with debts. Because bankruptcy can take your house, you could be left homeless with debts that you’re still expected to pay off.
Declaring bankruptcy to avoid foreclosure is a popular topic, but you should be wary of it. Bankruptcy is a legal process involving your debt that can have a lot of long-term negative consequences. If you’re looking to find out if bankruptcy will stop foreclosure, you may want to consider all of your options before you decide to file for bankruptcy.
If you’ve filed for bankruptcy or are considering filing for bankruptcy, you’re likely worried about your post-bankruptcy housing options. Filing for bankruptcy doesn’t mean that you’ll never be able to get a mortgage again. In some circumstances, you may be able to reapply and be approved for a mortgage, even after bankruptcy.
Bankruptcy, or not to bankruptcy, that is the question … Clients email me or come into my office and hand me stacks of letters from my so-called competitors, promising the sun, the moon and the stars. There are several attorneys out there who are sending letters encouraging you, New Jersey consumers fighting with creditors and…