After months of press Detroit has been given the okay to file for Chapter 9 bankruptcy, the largest bankruptcy settlement ever for an American city. See what the future holds for the city of Detroit.
It’s been a while since the spotlight has been on financial blunders across the world — too long! Take a gander at the biggest money mishaps this week, both of gigantic proportions.
Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future ability to obtain home loan financing.
Times aren’t so sweet for Hostess nowadays. The Irving, Texas, based company filed for Chapter 11 bankruptcy this afternoon, citing the fact that they owe more than $1 billion to between 50,000 and 100,000 creditors.
What’s the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? We’ll review the court process and what you can expect if you declare bankruptcy.
There are lots of information about credit pulls and your credit. Some of it is just myths, some are facts. Read on to see common myths about credit pulls and myths about your credit!
Wondering if you can get a mortgage after you’ve filed for bankruptcy? Jim Woodworth is here to give you the answers in this week’s Watch-It Wednesday!
With unemployment at an all time high, and many families struggling through financial difficulties, it’s easy to view bankruptcy as a way out. But declaring bankruptcy may not only be damaging to your credit, it could also affect future purchases and opportunities. If you are considering filing for bankruptcy, here are ten ways to avoid bankruptcy.
We’ve all heard about people who have filed for a bankruptcy, or even gone through the process ourselves. Whether it is student debt, stress from mortgage payments, or credit card debt – bankruptcy has been often viewed as a way out of a desperate situation. But for those of you who are currently considering this option or if you just want to know more about this topic, here are 20 things you might not have known about bankruptcies.
What happens when a mortgage company goes bankrupt is simply that the mortgages they own are sold to another mortgage company. Nothing else changes.