Generally speaking, a lender isn’t going to try to foreclose on a home if someone misses just a single mortgage payment. They technically could because the contract has been violated. But lenders will usually wait for a pattern of missed payments, which makes it more...
At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Month: April 2024
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Bankruptcy may inspire a range of emotions
People who realize that they’re drowning financially generally need to figure out what options they have to regain control of their financial situation. One option is to file for bankruptcy. If you’re in this position, you may think that bankruptcy will result in...
4 reasons your chapter 7 bankruptcy petition may be denied
The chances of a chapter 7 bankruptcy application getting denied are minimal with more than 99% of all applications in the United States ending in discharge. Still, numerous bankruptcy applications are denied every year. Understanding the reasons why your Chapter 7...