Premier Mortgage Loan Application

Bankruptcy

  • ABOUT THE BANKRUPTCY PROCESS (741 downloads)
    When making financial decisions during the process, you should consult your attorney. In particular there are three items worth mentioning.
  • ALTERNATIVES TO FILING BANKRUPTCY (759 downloads)
    There is just no easy way to get out of debt, you have to face up to the consequences. A bankruptcy is not always the answer, as the effects are long lasting. There are four ways to handle debts that are out of control, listed in best to worst
  • BANKRUPTCY AND BILL COLLECTORS (707 downloads)
    One of the major benefits of filing for protection under Chapter 7 is that many creditor actions are stayed. This means that debt collection efforts and foreclosure is halted.
  • BANKRUPTCY AND BILLS (695 downloads)
    The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his/her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding.
  • BANKRUPTCY QUESTIONS AND ANSWERS (729 downloads)
    I am a co-signer for a debt, how does bankruptcy affect my obligation?
    If the debt is a dischargeable debt then you will not have to pay it. However, the cosigner will become primarily responsible
  • CHAPTER 7 BANKRUPTCY (717 downloads)
    Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non exempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable
  • HOW TO AVOID FORECLOSURE (700 downloads)
    When you miss your mortgage payments, foreclosure may occur. This is the legal means that your mortgage company can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is
  • YOUR HOUSE AND CAR (701 downloads)
    Depending upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity. When calculating your equity you should use a value that is based upon a forced liquidation as opposed to the best
  • YOUR PROPERTY AND ASSESTS (688 downloads)
    Once the bankruptcy is filed, all the property of the debtor at the time of the filing and certain other property to be received in the future, becomes the property of the bankruptcy estate. This means that the bankruptcy trustee will take