How Do I Save My Home From Foreclosure in Washington DC?
If you fall behind on your mortgage, you may find yourself asking: How do I save my home from foreclosure? Whether you want to keep your house or whether you simply want to avoid the damage a foreclosure does to your credit, you should explore alternatives to having a lender foreclose. An experienced Washington DC […]
Foreclosure vs. Mortgage Modification in Alexandria, Virginia
If you are unable to make your house payments based on the current terms of your mortgage loan, you may be facing foreclosure. Foreclosure is not something that you ever want to happen, both because of the loss of your house and because of the damage to your credit. If you do not wish to […]
Does My Spouse Have to File Bankruptcy, Too?
When you get married, your finances become closely intertwined with the finances of your spouse. If you are considering filing for bankruptcy in the Washington DC area, you may wonder: Does my spouse have to file bankruptcy, too? The answer to this question is not a simple one. There are situations when it makes sense […]
What is the Bankruptcy Means Test?
If you want to file Chapter 7 bankruptcy, you must pass the Chapter 7 bankruptcy means test. Congress designed the Chapter 7 bankruptcy means test to prevent higher income-earners from discharging debts they have income sufficient to pay. The means test affects the chapter of bankruptcy under which you are eligible to file. Discuss your […]
What is a 341 Hearing?
What is a 341 hearing? Well, that’s a savvy question. The 341 hearing is otherwise known as the Meeting of Creditors. The Bankruptcy Code requires debtors to attend a Meeting of Creditors shortly after a bankruptcy filing. The bankruptcy trustee assigned to the case conducts the hearing. The meeting takes place in the trustee’s meeting […]