Many people struggling with debt fear losing their housing. That concern runs deep, and not just for those who are purchasing homes and fear foreclosure. Although the process and the financial impact is different, eviction can be just as traumatic as foreclosure. And, the eviction process typically moves much faster, leaving a renter little time to make alternate arrangements. That is challenging under any circumstances, but especially when financial resources are limited.
Josh Baron is an attorney with the Sharifi and Baron law firm
Short answer: yes. The real question is whether you want to.
I enjoyed getting to know attorney Patricia (Tricia) Baxter on this podcast.
A married person can file bankruptcy alone or jointly with his or her spouse. The better option depends on circumstances such as:
Many people wait too long to file bankruptcy. We have reported before that the average person who files for consumer bankruptcy has been struggling with debt for two to five years before making the decision. That’s a long time to live with financial stress, and often means a lot of hard-earned money down the drain in the form of interest and late fees.
Usually, people filing bankruptcy want to make sure they can include certain types of debt. Debts that can’t be discharged in a Chapter 7 case or included in a Chapter 13 repayment plan can limit the effectiveness of a bankruptcy filing. And, of course, everyone wants to be in a stronger financial position after bankruptcy, with as little debt as possible.
Many Americans are concerned about the high cost of care if we get seriously ill with COVID-19. According to the Centers for Disease Control and Prevention (CDC), the median hospital stay for a COVID-19 survivor who is admitted is from 10-13 days. That is a big bill, even for many with insurance.
This podcast is very personal to me. I have known Larry Guggino since both of us were about 19 years old. Larry and I were Sigma Chi Fraternity brothers at the
We keep hearing that we’re all in this together, but one group seems not to have gotten the memo: scammers. It’s no surprise, when you consider the huge number of scams targeting people facing foreclosure and in other types of crisis.