Tag Archives: Debt

Undistributed Money Switching from a Chapter 13 Bankruptcy to a Chapter 7 Bankruptcy

While this scenario does not involve many people, when it does apply to you, it is a very important rule.  In a Chapter 13 bankruptcy, a person makes monthly payments to the bankruptcy court in order to pay for the … Continue reading

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Foreclosure Alternatives

The following methods can be used by a residential property borrower to avoid foreclosure of their home or investment property: Modification of the Loan – This is when the lender takes the back-owed amount, also known as arrearages, and either … Continue reading

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Appealing a Tax Foreclosure Sale

In order to appeal a tax judgment confirming a sheriff’s sale of real estate for delinquent property taxes, also known as a tax sale, must be made within twenty (20) days after the judgment is final.  A Jackson County man … Continue reading

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Divorce and Property Division

When property and debts are divided in a divorce proceeding by the court, the court’s decision cannot be modified.  The only way the property and debt division can be re-considered is if a debt was forgotten in the original division.  … Continue reading

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Removing Second Mortgages in Bankruptcy

Chapter 13 bankruptcy allows a debtor to remove a secondary or junior lien when the lien is completely underwater.  A lien is completely underwater when the value of the property is eaten up by a superior lien.  However, secondary or … Continue reading

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IRS Wants to Use Private Debt Collectors

In an effort to collect more tax revenue, the IRS is wanting to send outstanding tax debts to private debt collection companies.  The debt collection companies would be then be able to report the unpaid tax debt on your credit … Continue reading

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Settling Your Debts

Although it is not as fast as bankruptcy, debt settlement can provide a wonderful route for consumers to get rid of their debt without having to pay their creditors in full and avoiding the bankruptcy court.  Debt settlement is when … Continue reading

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Money Savings Tips for Your Utility Bill

Due to an abundant supply of natural gas and oil, the price to heat your home should be cheaper than last year.  However, in order to save even more money, here are a few tips for improving your utility bill: … Continue reading

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Tips for Saving Money

If you would like to stash away some extra cash this year, you may want to take advantage of these few money-saving tips: Pay in cash instead of using a debit/credit card. When you see how much you are actually … Continue reading

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The High Cost of Working Out

According to Money.com, Americans spend an average of $828.00 each year in gym membership dues.  If you would like to save on your gym membership expenses this year, here are a few tips that you can take advantage of: Negotiation … Continue reading

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