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When Can I Get a Mortgage if I file Bankruptcy?

Question: Would I have to wait the entire 10 years before I can apply for a mortgage? Answer: NO You wouldn’t have to wait 10 years to apply for a mortgage! A bankruptcy is reportable on your credit report for 10 years. This does NOT mean that your credit is destroyed for 10 years. According […]

Is Chapter 7 Better than Chapter 13?

Question: I’m considering filing for bankruptcy. Is Chapter 13 better than Chapter 7? Answer: A Chapter 13 is only better than a Chapter 7 if you are behind on a secured debt such as a mortgage or a car note and need a plan to pay them back. If this is not your situation, a […]

Is Debt Consolidation Better than Bankruptcy?

When facing unmanageable debts, many people question whether bankruptcy or debt consolidation through a debt consolidation company would be their best solution.  In order to effectively weigh your options, you need to have a solid understanding of how debt consolidation really works. When entering into a debt consolidation program, you are entering into a contract with a service that […]

Occupy Philly

For the past few weeks I have passed the Occupy Philadelphia movement that has taken over the area outside of City Hall.  There are many young adults holding signs that reflect their stance on a myriad of issues which all seem to boil down to one thing: young Americans are angry! There has been a […]

Stuff Your Stockings with Savings

Many families are looking for ways to save money this holiday season without sacrificing the spirit of the holidays. Being frugal does not make you a scrooge. One of the ways to prevent your financial situation from spiraling out of control is to avoid overspending, even on the holidays. When asked how to avoid filing […]

Taking Control of Debt Through Chapter 7 Bankruptcy

Bankruptcy is a process by which consumers can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. Where a consumer is drowning in credit card debt, Chapter 7 bankruptcy is an option they may want to consider. Chapter 7 bankruptcy is provided for by US Federal Bankruptcy […]