General Bankruptcy Info   CAN CREDITOR HARASSMENT BE STOPPED? When a person gets behind in paying his or her bills creditors often take various actions to collect Creditors may call home or work family friends fellow employees or even your employers Co signers and guarantors may be called upon to make payment Mortgage holders and other creditors may initiate foreclosure or repossession of cars furniture and appliances or other items Lawsuits and collection procedures may be started Garnishment of wages or seizures of property or bank accounts may begin The filing of a bankruptcy or reorganization automatically stops collection efforts against you and your property Once you file for a bankruptcy creditors must stop all collection efforts including phone calls collection notices and garnishments Foreclosures must stop and repossession action must cease If you file to reorganize your debts instead of a complete bankruptcy collection actions can also be stopped against co signers and guarantors on consumer type debts Only a few actions are not halted by a bankruptcy Criminal proceedings cannot be stopped and action to collect child support or alimony cannot be halted However a reorganization plan may provide a viable means of catching up on post due

Who to pay when you can't pay everyone By Mory Brenner Esq Who gets money when everyone can't be paid must be a decision you make based on your own situation not who calls you the most or who you owe what to In most cases the creditor receiving top priority will be the first mortgage holder on your home This obligation likely represents a debtor's largest payment Human tendency evidences payments to smaller creditors when money gets tight Often credit cards and second mortgages may be paid in full once first mortgage payments cease This results in a short sighted solution Soon your credit becomes blemished anyway and foreclosure on your home follows Negotiating with first mortgage holders can be more difficult than with other creditors Stop and think of this If faced with the options of losing a credit card or losing your home which would you choose? Either one may be a valid answer depending on personal circumstances Your response to these and other questions should dictate your actions To properly evaluate your situation try the following steps Figure out how much you saved or spent from savings to live last month This number should be a

Mortgage Helper com Your only unbiased source for mortgage and credit information I don't take applications or harvest leads I help people of all credit types avoid ripoffs and save money since Yes you can kiss renting goodbye   Here's how to Buy a House with Bad Credit Buy a House with a Bankruptcy My credit was terrible due to a bad divorce   Previously I had tax liens charge offs and collections   I'd been turned down several times for a loan I was able to buy a large two story house with a sweeping view of the water   After I update the house it should be worth over a million dollars   So thanks a million Mark We had a bankrupty and didn't think it was possible for us to buy a house so soon   But we bought a charming bedroom home   We love it and Gene doesn't mind mowing the lawn anymore because it's ours Gene and Roberta Don't Be Discouraged You Can Become a Home Owner Are you fed up with making the monthly mortgage payments for your landlord helping him get richer and richer while you throw away your own hard earned

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