Recent Posts in Forgiveness of Debt Category
Posted on May 11, 2012 By Attorney Nicholas R. Westbrook
According to a New York Times report, Bank of America has begun a new, mortgage forgiveness program, where it will reduce a significant portion of principal on certain, qualified mortgages. This ...
Continue reading "Bank of America Begins its Mortgage Forgiveness Program" »
Posted on Mar 27, 2012 By Attorney Nicholas R. Westbrook
In some cases, your creditor may forgive your debt, leading to a zero balance on your credit report. This type of debt must be listed in Bankruptcy, as the debt is technically owed, it's just been ...
Continue reading "Listing a Zero Balance Credit Card in Bankruptcy" »
Posted on Sep 16, 2011 By Nicholas Westbrook
When you make the decision to file Bankruptcy , it is very important to list all of your creditors, their mailing addresses, and the amounts owed. The Bankruptcy Code requires that you list all of ...
Continue reading "Reviewing Your Credit Report Prior to Bankruptcy is Important" »
Posted on Jun 5, 2011 By Nicholas Westbrook
One of the reasons people file Bankruptcy is to get a "discharge." A discharge is a Court Order, which states you do not have to pay most or all of your debts. A discharge means you no longer have ...
Continue reading "What Happens When a Creditor Forgives a Debt?" »