Dave Clark

The Automatic Bankruptcy Stay Explained

When falling behind on mortgage payments, foreclosure is not inevitable. Since the real estate market collapsed, more than 5% of all homes loans are in default. Today, workout situations are common. Lenders try to avoid repossessing homes, which in turn, bloats their balance sheet with non-performing assets. You may have time to workout an arrangement with your lender. Perhaps a loan extension is available. You may... (posted by Dave Clark 2 years 76 days ago.)

Bankruptcy Planning – What You Should Know About Transfers

Most people shudder at the thought of filing bankruptcy. An emotional response is natural, yet it also may cause unnecessary delay. Over a short time, procrastination limits options, wastes payments, and causes asset loss. You could easily prevent these poor results by reviewing your options early using a common sense approach. The best plans exploit the advantages of numerous financial tactics... (posted by Dave Clark 2 years 78 days ago.)

A Primer on Bankruptcy Strategy

When creditors are knocking, it is time to reconsider your priorities. Slipping behind on your payments—occasionally—is not a cause for concern. You know you can stretch your bills a month or two and catch up paying only a few late fees. Chronic lateness however is a different matter. If you lose ground every month, added late fees alone can destroy your financial health. You are on a slow-motion roller coaster... (posted by Dave Clark 2 years 89 days ago.)