Bankruptcy, Foreclosure & Loan Modification Posts in December, 2013

Woman Found Guilty of Bankruptcy Fraud

A 47 year-old woman from Laie, Oahu was found guilty in a federal court of bankruptcy fraud. According to the statement issued by the United States Attorney’s Office District of Hawaii, the jury took less than an hour to find Michelle Malufau guilty of making false statements under penalty of perjury and testifying falsely under oath....
Continue Reading »

Can I Get An FHA Mortgage After a Bankruptcy?

If you’re looking to get a mortgage through the Federal Housing Administration, there are several important factors to consider. FHA will review your credit history in order to determine what kind of a loan risk you are, but it is possible to get an FHA mortgage even if you have previously filed bankruptcy. Learn more about the stipulations attached to this guideline by talking to your bankruptcy attorney....
Continue Reading »

Bankruptcy and Taxes—The Basics

The relationship between bankruptcy and taxes is a complicated one. Many families who are facing financial insolvency are not up to date on their taxes, which can inhibit their ability to file for bankruptcy. If you are considering bankruptcy, the most important first step is to seek the counsel of a qualified bankruptcy attorney. The next is to make sure that your tax debts are sorted. “Not all tax debt can be discharged in bankruptcy,” according to Fox Business....
Continue Reading »

Guidelines for Dealing with Debt

Every month, people have to pay bills.  They can be credit card bills, utility bills, and other bills for education or a house.  There can be times when these debts become unmanageable due to factors like personal injury, loss of a job or just overspending.  If you are experiencing a financial crisis, then there are certain steps you can take to mitigate any damage....
Continue Reading »
  • Newland & Newland LLP, Attorneys, Arlington Heights, IL