Credit cards are used by most people to pay for everyday purchases as well as unexpected bills such as car repairs, medical bills or even mortgage payments. When people have to spend more than they earn, a dangerous downward cycle can lead to a breaking point. Many people file bankruptcy as a result of piling up excessive credit card debt because of a sudden change in their circumstances; job loss, health issues, divorce or death of a family member. If you have been falling behind and trying to … [Read more...] about How to Eliminate Credit Card Debt and Medical Bill
Filing Bankruptcy
Can Chapter 13 Bankruptcy Immediately Stop Foreclosure?
When a homeowner falls behind on their mortgage payments, lenders often call to talk about alternatives that are available to avoid foreclosures, such as loan modifications or short sales. However, lenders usually don't discuss legal options that stop foreclosure and give the homeowner time to pay back any missed mortgage payments. When a lender starts the foreclosure process, homeowners need to know that a court order will immediately stop a sale. A homeowner can file bankruptcy to stop … [Read more...] about Can Chapter 13 Bankruptcy Immediately Stop Foreclosure?
Benefits of Chapter 13 Bankruptcy
These days, keeping up with mortgage payments and other loan repayment plans is an uphill battle. Statistics show that paying back loans today has become harder than ever, and for the first time, the current generation may end up more financially restricted than their parents. While the economy is recovering from the devastating recession, there are still doubts about the future. Being caught up in a situation where you may have to declare bankruptcy is unfortunate, but if you are facing … [Read more...] about Benefits of Chapter 13 Bankruptcy
Top 5 Reasons to Declare Bankruptcy
With the economy slowly recovering, many people are struggling with debts from credit cards and medical bills. Any change in a person's financial situation can trigger a crisis; job loss or sudden illness often causes mortgage defaults or missed car payments. Individuals that have taken on more debt than they can handle may have to start considering filing bankruptcy. What most people do not understand is that filing bankruptcy is a very smart and strategic step towards financial recovery. … [Read more...] about Top 5 Reasons to Declare Bankruptcy
Bankruptcy Attorney in Los Angeles Is Helping Consumers Eliminate Debt and Stop Foreclosure
The foreclosure bankruptcy attorneys from Consumer Action Law Group are helping consumers in California to stop foreclosure and eliminate debt while offering free bankruptcy advice. Los Angeles, CA November 19, 2015 -- Chapter 13 bankruptcy is designed to eliminate debt and to stop repossessions and foreclosure. The foreclosure bankruptcy attorneys from Consumer Action Law Group have been helping homeowners to stop foreclosures by filing for bankruptcy. Bankruptcy allows homeowners to … [Read more...] about Bankruptcy Attorney in Los Angeles Is Helping Consumers Eliminate Debt and Stop Foreclosure
How Chapter 13 Bankruptcy Stops Foreclosure and Eliminates Debts
A Los Angeles bankruptcy attorney at Consumer Action Law Group explained how chapter 13 bankruptcy stop foreclosure and eliminate debt. Los Angeles, CA November 18, 2015 -- It is still a common occurrence in California for lenders to foreclose when borrowers fall behind on mortgage payments. Many California homeowners are having trouble keeping up with mortgage payments and with credit card debts. In the event of a sudden illness or job loss, many people have no savings and fall behind on … [Read more...] about How Chapter 13 Bankruptcy Stops Foreclosure and Eliminates Debts