A loan modification can help if you’ve fallen behind on mortgage payments or are in danger of foreclosure on your home. Although this can be a beneficial solution in times of financial struggle, qualifying for a mortgage loan modification can be difficult. It often requires the help of a loan modification attorney. Here’s a look […]
Filing for bankruptcy can help you get back on track financially, but it’s hard to find an affordable bankruptcy attorney. Legal advice, guidance, and preparing paperwork comes at a cost. But not everyone who files can afford a bankruptcy lawyer. While one option is to represent yourself as a “pro se” debtor (a complex process […]
A discharge of debt is the primary reason people file for bankruptcy. But when filing for bankruptcy, there are many pieces to a complex legal puzzle. You must be honest about every financial asset and action leading up to your filing. Any mistake in the process can result in denial of your bankruptcy discharge. Whether […]
A job loss, pile of medical bills, or other financial hardship can lead a homeowner to face the prospect of foreclosure. In the mortgage-servicing industry, “loss mitigation” is when borrowers and loan servicers work together to lessen the loss when the borrower defaults. The lender, sometimes referred to as an investor, can take on less […]
The bankruptcy process can be challenging, especially if you’re self-employed. Proof of income is one of the major factors in a bankruptcy case. When you’re not getting a paycheck from an employer, this presents unique issues; self-employed individuals, sole proprietors, and independent contractors don’t always have paystubs that immediately verify their income. Self-employed workers, just […]
Studies show about two-thirds of people who file for bankruptcy do so to manage debt from medical bills. Chapter 13 bankruptcy is one option that may reduce the amount you owe and make it easier to pay. In general, bankruptcy doesn’t prioritize medical bills. They’re considered general unsecured debts similar to credit cards, while overdue […]
If you’re considering cashing out your retirement savings to pay off debt, or worried that filing for bankruptcy will affect your 401(k), here is some information that can help you rest easy. Your 401(k) is usually protected. You won’t lose the funds in your account because of bankruptcy because federal law protects such accounts from […]
The COVID-19 outbreak has led to economic difficulties that have affected many small business owners. As a result, many have turned to small business bankruptcy. If you are one of them, there are a couple of options to consider during this challenging time. Continue reading to learn more. Chapter 11 Bankruptcy If you want to […]
Finding the right person to stamp your documents doesn’t sound very hard. But not all notary publics are the same; the legal requirements have changed, and notary services have become more diversified. Here are some tips on choosing a state-appointed notary public, plus information on our notary services at OakTree Law. What Does a Notary […]
The coronavirus pandemic has had a negative financial impact on the majority of Americans. In fact, TransUnion, one of the three main credit reporting agencies, conducted a study in April 2020 that found 61% of consumers have been affected. U.S. consumers have accumulated a lot of debt during the crisis. If you’re struggling to keep […]
