Bankruptcy, Foreclosure & Loan Modification Posts in July, 2016

Mistakes to Avoid When Going Through the Bankruptcy Process

Bankruptcy can be confusing. When you are trying to work through the stress and confusion of the bankruptcy process while balancing your job and family commitments, you can easily become overwhelmed and prone to making mistakes. These mistakes can only hurt you more, potentially invalidating your bankruptcy claim or forcing you to take extra time and money to repair them....
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Mistakes to Avoid When Going Through the Bankruptcy Process

Bankruptcy can be confusing. When you are trying to work through the stress and confusion of the bankruptcy process while balancing your job and family commitments, you can easily become overwhelmed and prone to making mistakes. These mistakes can only hurt you more, potentially invalidating your bankruptcy claim or forcing you to take extra time and money to repair them....
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How is Student Debt Different from Other Types of Debt?

To say that student debt is a big issue in the United States is an understatement. According to marketwatch.com, approximately 70% of American bachelor's degree holders graduated with some student debt. 40 million Americans currently have student loans, and the total amount of outstanding student debt among Americans is $1.2 trillion....
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Hostess is Going Public Again, Four Years After Bankruptcy

Hostess has been a favorite snack for Americans young and old since 1919. The company first produced its famous cupcake, a dark chocolate-flavored confection topped by an iconic white icing swirl, nearly a century ago and in the decades since, has followed with classic products like fruit pies, Twinkies, Ding Dongs, Ho Hos, and Sno Balls. It most recently made headlines in 2012 when it filed for Chapter 11 bankruptcy....
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Why Would My Loan Modification Request Be Denied?

When you are facing financial distress, you might explore options like modifying your mortgage loan terms or negotiating with your creditors to avoid bankruptcy. Filing for bankruptcy can have a substantial impact on your current and future credit and in many cases, bankruptcy is too extreme of a remedy for the issues an individual faces. In cases like this, modification of a mortgage loan's terms can be the right way for an individual to get his or her debt under control....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com