Tag: bankruptcy court
Filing Bankruptcy Won’t Always Stop Foreclosure on your Home, But for Many, it’s the Best Option.
Before discussing the various legal options available to postpone or prevent foreclosure in California, let’s define the term. Simply put, foreclosure becomes likely when a homeowner falls behind on their mortgage payments. The more behind they become, the more likely a foreclosure will take place. It’s a situation that can take some distressed homeowners by […]
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Popular Alternatives to Bankruptcy
Many sources claim that bankruptcy is the only answer for overwhelming debt, and although it is true that sometimes the filing of a bankruptcy petition may be an adequate solution to those overburdened with financial obligations, there are alternatives to consider before bankruptcy is declared. Bankruptcy and Credit The biggest deterrent to a bankruptcy filing […]
