Can bankruptcy save my home from foreclosure?
Yes. With bankruptcy, you can save your home from foreclosure, bring your mortgage current, resolve judgments and tax liens, and repay other outstanding debts.
FAQ
Frequently asked questions
What is a Power of Attorney?
A power of attorney is a document that a person signs in order to give another person control of managing their financial, medical, legal and/or business affairs if there comes a time they are unable to. A power of attorney can be temporary, such as handling the affairs of someone while they are out of…
Business Bankruptcy: Frequently Asked Questions
What is the difference between chapter 7 and chapter 11 bankruptcy? Businesses usually have a couple of choices when it comes to filing bankruptcy. Chapter 7 bankruptcy is reserved for companies that are struggling so badly they want to throw in the towel. These companies are liquidated, and all assets (and proceeds from assets) are distributed between…
Bankruptcy and Your S Corporation: What are your options?
An S Corporation is a designation you can seek for your corporation primarily for United States federal income tax purposes. To form an S Corporation, you must first file Form 2553 with the IRS. According to Wikipedia.com: “In general, S Corporations do not pay any income taxes. Instead, the corporation's income or losses are divided…