Let’s face it – a lot of people are facing economic difficulties today. Even though the employment rate has gone down significantly since 2009, the wage rate has not increased as rapidly as inflation. This squeeze in discretionary income has forced many people to look towards bankruptcy as a way of absolving their debts. When […]
In the suburbs of a large city, such as Philadelphia, most people need a car. Most areas in Chester, Montgomery, and Berks County have subpar public transportation, and losing your means of transportation affects your ability to maintain employment or complete basic everyday activities like grocery shopping, going to doctor’s appointments, and transporting your children. […]
Almost everyone has heard about wealthy individuals and celebrities filing for bankruptcy, which is frequently a result of immense tax debt. These tax burdens are not limited to celebrities and multi-millionaires; these problems affect the upper-middle class more than anyone. People who are shackled down by tax debt are often people who make a good […]
How To Eliminate Your Mortgage Burden Using Deed In Lieu Of Chapter 7 Bankruptcy If you conduct a home search on Zillow, you can see all of the houses for sale in any specific area. A quick search of Birdsboro, Douglassville, Gilbertsville, and Boyertown shows a large number of houses for sale in a concentrated […]
The internet is littered with false information regarding discharging taxes through bankruptcy. It is very important that a qualified bankruptcy attorney properly advises you on the specifics of discharging your taxes. This is a complicated area of the law that requires a very specific analysis of the type of taxes, age of the taxes, date […]
The real estate bubble in the mid-2000s created a unique situation where many homes were worth less than the combined mortgage balances. Home equity loans were considered mortgages for the purpose of this article. This lack of equity in the home is known as being “underwater”. If you are underwater, you are trapped in your […]
Student loans are a major problem that continues to worsen. Because of the willingness of lenders to underwrite excessive amounts of student loan debt and the willingness of the federal government to insure these loans, the cost of education continues to increase without limits because the flow of borrowed money to schools continues to increase. […]
