Bankruptcy

  1. The History of Bankruptcy

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    One in seventy homes in the US has filed for bankruptcy making it an extremely common topic of discussion for many Americans. But where did the concept of bankruptcy come from? The process may be different today than it was in the past, but, surprisingly, bankruptcy has existed in some form or another for thousands of years. Ancient Greece Bankruptcy as we know it today was not an option for peopl…Read More

  2. The Advantages and Disadvantages of Homeownership and Your Options if You’re Facing Foreclosure

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    According to statistics from a report provided by the Federal Deposit Insurance Corporation (more commonly known as the FDIC) “one out of every two hundred homes will be foreclosed upon” and six out of ten homeowners “wish they understood the terms and details of their mortgage better.” The same report shows that more than twenty percent of American households are spending more than they e…Read More

  3. 5 Facts About Bankruptcy

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    When it comes to bankruptcy, confusion abounds. If you file for bankruptcy are you just out of luck? Will it ruin your life? Is your plan for your future now out of the question? Nearly everyone has heard something about bankruptcy that is an exaggeration; oftentimes what they’ve heard is flat out untrue. Here are five facts about bankruptcy that will give you a better idea about what it actuall…Read More

  4. Contact a Lawyer Early if You’ve Received a Notice of Foreclosure

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    If you have received a letter stating that your lender intends to begin a foreclosure on your property, hiring a lawyer as early as possible in the process will go a long way towards making the procedure go as smoothly as possible. Sometimes lawyers are able to come to an agreement with your lender, allowing you to stay in your home if they are brought in to help early on. The first step in the fo…Read More

  5. Bankruptcy: What’s the Difference Between Chapter 7, Chapter 11, and Chapter 13?

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    Bankruptcy is often misunderstood and can be a confusing process to work your way through which is why we’d like to provide you with a detailed overview of what bankruptcy actually is and the various options that are available to you. We know that filing for bankruptcy is a difficult decision to make and one that often carries with it a large amount of stress and uncertainty. C. Rainford Law can…Read More