Personal Bankruptcy and Tough Decisions

by Grace Holt Filing for personal bankruptcy in the United States has reached epidemic proportions. The economy is partly to blame ... is a moral decision for many You have been taught to pay what you owe. For many walking away form debt ... to function. Drowning in debt will never produce productive citizens. There is no law that says [more...]

Date: 2009-01-14 09:20:15

Blog posts (5) | Videos (28)
 

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Personal Bankruptcy and Tough Decisions

by Grace Holt Deciding to file bankruptcy is not an easy decision for most people. Bankruptcies in Florida are no exception ... decision for many You have been taught to pay what you owe. For many walking away form debt becomes ... . Drowning in debt will never produce productive citizens. There is no law that says you cannot pay [more...]

Date: 2009-01-14 09:21:59

Mortgage Rights and Wrongs

Congress has said that they want judges to adjust mortgage debt. On the face of it, this makes sense. After all, when people declare bankruptcy they get their credit card, auto loan, and personal debts adjusted. What makes a mortgage any different? Well, one difference is the law. By law [more...]

Date: 2009-01-14 05:01:08

Money, Credit, and the Law – Know Your Rights

That’s the title of a valuable new video narrated by Professor Richard Alderman, director of the Center for Consumer Law at the University of Houston Law Center. The video, consisting of easily digestible short chapters, provides help managing personal finances, dealing with credit problems and debt collectors, responding when sued by a creditor, seeking credit counseling, or exploring the option of bankruptcy.  The video can be viewed online or a DVD can be requested directly from Professor [more...]

Date: 2009-09-17 20:50:58

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