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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 […]

Will a Personal Bankruptcy Affect My Small Business?

When considering whether to file a personal bankruptcy, a central issue for small business owners is how this filing will affect their business.  Many business owners who seek to continue operating their business avoid filing bankruptcy because of this concern even when they need a relief from insurmountable personal debt.  The answer to the question […]

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 […]