From the Mortgage Tag

Is Bankruptcy or a Short Sale Better?

If you are past due on your mortgage payments and you are worried about losing your home in a foreclosure action, it is important to consider all of your debt relief options. Filing bankruptcy […]

What Does the “Means Test” Mean?

The Bankruptcy Code was amended in 2005, implementing numerous changes. One of the additions was the “means test,” which an individual must pass in order to qualify for a Chapter 7 filing. The means […]

Can I Eliminate a Mortgage in Bankruptcy?

If you are struggling to pay your mortgage loans, it may be time to consider filing for bankruptcy protection. One benefit of filing a Chapter 13 bankruptcy is a process known as “lien-stripping.” If […]