Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
VA mortgage loans are technically not loans but are merely guarantees on a loan agreement. It is the US Department on Veteran Affairs who approves the application for the guarantee of people
If you have to surrender your home in a Chapter 7 Bankruptcy, the mortgage lender will provide you with a 1099-C. When you file a Chapter 7, the tradeoff is that the
People that live and work overseas but still owe money in the U.S. can file for bankruptcy. How to File Bankruptcy From Overseas Bankruptcy can be filed in the U.S. Bankruptcy District
Bankruptcy and Employment Law Information that shows up on a criminal background check is regulated by state and federal law. Legally, only certain information is supposed to appear on criminal background checks.
Definition of a Consent Judgment A consent judgment is issued when two parties agree to a settlement to end a lawsuit. The parties write up an agreement for the judge to sign.
A small claims judgment is when a creditor sues you in small claims court to force you to pay the debt. If the creditor wins, you are legally required to pay the
Dealing with a personal injury or bankruptcy is stressful enough. When you combine both situations, you are probably struggling with your health AND your finances. Bankruptcy is supposed to relieve people of
Yes, even if a company is going bankrupt, you still have to pay what you owe them. Why? Just because a company is going bankrupt does not mean your debt is eliminated.
If the U.S. Treasury went bankrupt, America would experience the largest depression in the history of the country. First, let’s look at how we reached this point in our country’s history. The
Almost everyone can agree that health care in the United States is expensive. In addition, less and less medical institutions are willing to forgive all or a portion of a medical bill.
Whether you can file a civil lawsuit against someone who has filed bankruptcy is a complex question with more than one answer. Standard procedure is that per federal law, any collection efforts
People might ask "How is Donald Trump able to file for bankruptcy so many times?" The answer is "He didn't." Trump himself has never filed for bankruptcy. His corporations have filed for
The process of procuring a student loan can be time-consuming and complicated. Before you can apply for one of these loans, you’ll need to fill out the Federal Application for Student Aid.
Although the foreclosure crisis that swept the nation during the late 2000s has begun to abate, millions of homeowners remain unable to afford the payments on their mortgages. These hard-working individuals must
Although they're not secured by a home, vehicle or other valuable asset, student loans are governed by a different set of rules relative to other forms of unsecured debt. Whereas credit card
When you purchase a corporate or government-issued bond, you expect to reap the benefits of its steady coupon. Bond issuers default or become insolvent at a far lower rate than issuers of
Bankruptcy is known as a "last resort" for beleaguered borrowers for a very good reason: It negatively affects the long-term credit outlooks of those who use it to discharge their debts. Depending
Regardless of the circumstances surrounding your bankruptcy filing, you may be unable to keep the news of your insolvency from spreading. In many communities, the stigma surrounding bankruptcy is powerful and may
Millions of marriages have been ended by financial disagreements. Millions more have been ended by poor financial decision-making. While marrying someone who has recently declared bankruptcy won't immediately damage your credit score
When you declare bankruptcy, you stand to lose a tremendous amount of your personal wealth. Your secured creditors, including your mortgage lender and auto loan provider, will seize the assets to which