Archive for the 'chapter 11' Category

How To Get Back On Your Feet After Bankruptcy

How To Get Back On Your Feet After Bankruptcy

dealing with and going through bankruptcy can be very stressful on the person. Not only are you doing with the fact that you had to basically admit that you are in a terrible financial situation, he had to open up and go to court to seek assistance from the judge to either help you get protection or liquidate their assets.

While that may be the case, you should feel completely bad about it. After all, bankruptcy court was designed so that he can help give people a fresh start. What’s most important aboutdealing with bankruptcy is the fact that you want to make sure you learn from your past mistakes. If you can be objective and honest with yourself, you can learn how to improve your situation.

One of the most important things is having a positive outlook and making the determination that you’re going to work it out and do what it takes to become successful. Read more »

Need Help Getting Refinanced In Bankruptcy

If you are in bankruptcy, and you are looking to get help and are trying to refinance while you are going through bankrupcy, then you may need to rethink your options.

If you are currently going through bankrupcy, then you already have a lawyer, and you are seeing the courts and asking for help. At this point, it is probably not the best idea to try to refinance your home loan or any mortgage. At this point in your financial situation, you are going to have a really tough time getting any banks to extend you credit.

As well, if you are going to refinance your home loan, you need to remember that you will need to come up with funds to pay for a refinance. Any refinance can end up costing you anywhere from 3-5% of the total loan amount in closing costs. And if you are in bankruptcy, then you are already in a position that you don’t have any money. Read more »