Comments on: Need Help. Please. My ok my sister went to court for her bankrupcy. The Judge wouldn’t approve it because? http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because Personal Bankruptcy Attorney Thu, 31 Dec 2009 23:32:09 +0000 hourly 1 By: I shagged her rotten, yeah! http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-634 I shagged her rotten, yeah! Sun, 08 Nov 2009 15:12:23 +0000 http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-634 He needs to be 100% honest with his attorny. Its unlikely that he'll be forced to sell the house. Including it in the bankruptcy will give them protection. But if he falls behind AFTER the bk, and it was not included, he's screwed. Lying to your own lawyer is about the stupidest and most self-defeating thing anyone can do. He needs to be 100% honest with his attorny. Its unlikely that he’ll be forced to sell the house. Including it in the bankruptcy will give them protection. But if he falls behind AFTER the bk, and it was not included, he’s screwed. Lying to your own lawyer is about the stupidest and most self-defeating thing anyone can do.

]]> By: BridalBiz http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-633 BridalBiz Sat, 07 Nov 2009 00:01:19 +0000 http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-633 If they are intent on keeping their home, they should contact their lender. During the winter, our small business suffered and we had to call our lender to see about rearranging our payments. We had to outline the plan and send it into them, but they agreed to let us not make payments for 3 months and then divide those payments over the the following 6 months. If they are intent on keeping their home, they should contact their lender. During the winter, our small business suffered and we had to call our lender to see about rearranging our payments. We had to outline the plan and send it into them, but they agreed to let us not make payments for 3 months and then divide those payments over the the following 6 months.

]]> By: Brad http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-632 Brad Wed, 04 Nov 2009 16:39:40 +0000 http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-632 Your question is a little scattered, so I'm not 100% clear on what you are asking. It sounds like your sister and her husband own their home with a mortgage. If that is the case (or even if it isn't), they should contact their local housing authority and inquire as to whether or not they might qualify for any of a multitude of subsidies designed to prevent foreclosure and/or homelessness, modify non-affordable mortgages, etc. At the very least, they ought to be assigned a case worker to help them through this difficult period. They could also contact their lender - they may qualify for a mortgage modification through new federal programs. Your question is a little scattered, so I’m not 100% clear on what you are asking. It sounds like your sister and her husband own their home with a mortgage. If that is the case (or even if it isn’t), they should contact their local housing authority and inquire as to whether or not they might qualify for any of a multitude of subsidies designed to prevent foreclosure and/or homelessness, modify non-affordable mortgages, etc. At the very least, they ought to be assigned a case worker to help them through this difficult period.

They could also contact their lender – they may qualify for a mortgage modification through new federal programs.

]]> By: Cat 25 http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-631 Cat 25 Tue, 03 Nov 2009 07:49:41 +0000 http://personalbankruptcyattorney.org/need-help-please-my-ok-my-sister-went-to-court-for-her-bankrupcy-the-judge-wouldnt-approve-it-because#comment-631 They need to do everything they can to avoid bankruptcy. It is hard enough for people with good credit to borrow money these days. If they declare bankruptcy, their credit will be shot for 10 years and they won't be able to get financing for anything. If they lose the house, it won't be the end of the world. They might feel relieved to be out from under the pressure. Everyone talks about "building equity" and not throwing your money away in rent. I think that is a big lie perpetrated by the mortgage brokers and banks. All loans have front loaded interest and you pay interest for years before you have any equity to speak of. You pay far more in interest than you gain in equity for the first 10 years. Then, once you pay the property taxes, repairs etc. you really aren't ahead at all. It sounds like even if they squeeze through this tough period, they will still be in a situation where money is always tight. They will never be out from under the pressure unless the make the gut wrenching decision to live more modestly. My husband and I made that decision 3 years ago and gave up our dream home. A house is just a house. It was sad at first, but now we are so glad we did it. It is so nice to be able to afford things for our kids and just not feel the pressure. Now we have significant savings as well so that if something happens, we have the funds to get through that. You can never do that if you are living paycheck to paycheck. I suggest you go to a guy named Dave Ramsey's web site. He has a plan for people who make less than 50K a year. We followed his strategy for gettng out of debt. They need to do everything they can to avoid bankruptcy. It is hard enough for people with good credit to borrow money these days. If they declare bankruptcy, their credit will be shot for 10 years and they won’t be able to get financing for anything. If they lose the house, it won’t be the end of the world. They might feel relieved to be out from under the pressure. Everyone talks about “building equity” and not throwing your money away in rent. I think that is a big lie perpetrated by the mortgage brokers and banks. All loans have front loaded interest and you pay interest for years before you have any equity to speak of. You pay far more in interest than you gain in equity for the first 10 years. Then, once you pay the property taxes, repairs etc. you really aren’t ahead at all.

It sounds like even if they squeeze through this tough period, they will still be in a situation where money is always tight. They will never be out from under the pressure unless the make the gut wrenching decision to live more modestly.

My husband and I made that decision 3 years ago and gave up our dream home. A house is just a house. It was sad at first, but now we are so glad we did it. It is so nice to be able to afford things for our kids and just not feel the pressure. Now we have significant savings as well so that if something happens, we have the funds to get through that. You can never do that if you are living paycheck to paycheck.

I suggest you go to a guy named Dave Ramsey’s web site. He has a plan for people who make less than 50K a year. We followed his strategy for gettng out of debt.

]]>