Reverse Mortgage or Bankruptcy?

Reverse Mortgage or Bankruptcy?

There are some individuals who have reached their senior years that still have substantial debt. Now they are retired they do not have the funds coming in to pay down these debts and this has left them in a serious financial situation. The one thing they do have in their favor is that their home  … Read more

  Filed under: bankruptcy


Chapter 13 Repayment Plan

Chapter 13 Repayment Plan

A Chapter 13 bankruptcy is a pre-approved repayment plan administered by a qualified bankruptcy trustee after a court has determined that an individual qualifies for this type of protection. The repayment plan is designed to allow creditors to recoup their money from a debtor over a pre-determined period of time, usually 3 to 5 years.  … Read more

  Filed under: bankruptcy