You may have met people that say “I’m going to declare myself bankrupt” and I won’t have to pay back any of my debts including my mortgage. There is nothing to stop you declaring yourself bankrupt if you have a mortgage. However please note that secured debts (like mortgages and car loans) are not directly [...]
Continue reading about Can I Declare Myself Bankrupt if I Have a Mortgage?
Banks declaring bankruptcy seems to be a popular concern at the moment with major financial institutions in the US and UK either failing or being taken over. Obviously the answer people want to hear depends on whether they are depositors or debtors with the bank in question, with debtors wanting to see the bank and all record of their [...]
Continue reading about What Happens if Your Bank Declares Bankruptcy
If you are experiencing overwhelming debt problems it would be sensible if all of the debt relief solutions available to you were free, after all it’s not as if you have a lot of spare money. Unfortunately not all debt relief is free. It depends on your situation and the solution that you choose. Debt [...]
