Part 2 in the series examining things you should know that debt collectors don't want you to know.
A while back I wrote about the perils of waiting too long to file a bankruptcy case (see Dangers Of Waiting Too Long To File Bankruptcy). One common theme that is becoming ridiculously frequent is people waiting for loan modification approval to save their homes from foreclosure and then contacting a bankruptcy attorney on the eve of foreclosure to try to stop the foreclosure sale. I cannot emphasize this enough: This is not a sound strategy. Prayer and Wishful Thinking [...]
The bankruptcy of one party does not affect the liability of another party, whether they be a co-signer or co-obligor on the debts. Bankruptcy discharges the obligation to pay on a debt; it does not eliminate the debt itself.
Can you remove a judgment lien in a bankruptcy case?
Court rules 401k loan repayments cannot be used in budget on means test to determine eligibility to file bankruptcy.
The new bankruptcy mortgage modification plan has been, or is expected to shortly be, dropped from its agenda.
attorneys and debt relief agencies