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When is filing for Chapter 13 bankruptcy a good idea?

Roths Child Law

It could even help you to save a home that is at risk of foreclosure. Certainly, filing for bankruptcy isn’t the best debt management or debt solution for all consumers.

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Tools for Addressing COVID-19 Mortgage Forbearance Balances

Debt Free Colorado

In the event that your loan doesn’t offer a plan or you’re not approved, a Chapter 13 Bankruptcy will stop a foreclosure and give you 5 years to get caught up on your mortgage arrears while potentially wiping out other debt like credit cards and medical bills. There are options available to you to prevent foreclosure.

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What To Do if You Can’t Pay Your Mortgage

Debt Guru

If you’ve missed a lot of payments and are at risk of losing your home to foreclosure, you could sell your home to prevent this. In today’s market, you can likely sell your home for more than you owe on it and use the profit as either a down payment on a new home or to pay off some debt. Deed-In-Lieu-of-Foreclosure.

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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. How to Consolidate Credit Card Debt Credit Card Consolidation FAQ What Is Credit Card Consolidation?

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Peering Over The Edge Of The Financial Cliff

Fico Collections

One key takeaway from this exercise was that modifying the loan terms was often mutually beneficial to both the lender and customer when considered as an alternative to foreclosure or charge off. The program used a principle of ‘positive present value’ to establish whether a loan modification was suitable for a given loan.

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7th Circuit Challenges Whether Plaintiffs Had Standing in Recent District Court Cases

Troutman Sanders

The Court noted that one way this harm could be demonstrated was through showing a concrete detriment to her debt-management choices. The Seventh Circuit took up the standing issue de novo and determined that Bazile needed to do more than allege an FDCPA violation to establish standing. In Spuhler v.