bankruptcy or home foreclosure

When thinking “is bankruptcy better than foreclosure?”, at the end of the day you need to realize that while sometimes foreclosure might not affect your credit score as much, it still goes on your credit report, leaves you without your home and fails to settle all the other debt you might carry. Meanwhile bankruptcy affects all your debt not just the mortgage loan debt. Bankruptcy tends to be more global financial relief.

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stop foreclosure

Bankruptcy to stop foreclosure is the legal means to help you preserve your property. Bankruptcy can be a safe and affordable way to rebuild your financial life after a trying period of time. Help is out there so reach out to an attorney that can help you in your time of need

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Insiders Guide to Utah homestead law

Bankruptcy can be a violation of the reserve mortgage agreement so it is vital that you have your attorney look at the agreement to determine if this is the case. There are three important things that you and your attorney should consider before filing the bankruptcy…

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Bankruptcy helps people who can no longer pay their debts on their own get a fresh start by liquidating their assets to be able to pay their debts or by creating a repayment plan.  These are called Chapter 7 bankruptcy and Chapter 13 bankruptcy respectively. Filing for bankruptcy will in most cases prevent your creditors…

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