In the past couple of years we’ve heard (and talked) a lot about The 99ers, a group of jobless Americans, unceremoniously known as “99ers” because of their inability to find work prior to the exhaustion of the maxim mum 99 weeks of unemployment benefits and extensions. But the term 99er is now twice as likely to apply to older workers, according to a new report from The Huffington Post’s Arthur Delaney, proving once again that the struggling economy is impacting more mature Americans than anyone previously thought.
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It’s the big question, right?
There are a couple ways the cost gets calculated and I’ll give you an explanation of both. First, remember that the main types of bankruptcy are Chapter 7 and Chapter 13.
What is a home loan modification?
Foreclosure is a costly process for lenders, so many are willing to consider loan modification as a way to avoid doing so.
A loan modification is different from refinancing your mortgage. Refinancing calls for replacing the loan with a new mortgage, whereas a loan modification changes the terms of the existing loan.
Question: Need to file bankruptcy or think you might?
How about a MONEY-BACK GUARANTEE?
File with us, do your part, and here's our guarantee.
You will have less debt, GUARANTEED, or YOUR MONEY BACK.
That's right, file with us, do your part and you will have less debt*, GUARANTEED or YOUR MONEY BACK*.
Most of the time, a lot less debt.
If you are getting ready to send your kids to college, you may suspect college tuition costs more than when you went to school. You’re absolutely right.
Chapter 7 and 13
There are many "chapters" of the U.S. Bankruptcy Code. The 2 chapters used by most of us to reduce the burden of debt and to put creditors under control are Chapters 7 and 13.
The good news is that overall, most people we have seen qualify for one or both. The big categories of qualification are how long since a previous bankruptcy filing, how much debt someone has, and how much income someone has.
For rebuilding credit I place a lot of emphasis on adding positives to your credit reports (new, “paid on time” entries). There are negatives on your reports too, but over time they have less and less effect on your score. This is assuming all of the negative items on your report are correct, or even yours. Yes, there is a very real possibility of mistakes.