The housing market is closely tied to the financial health of families. When home sales rise, it often signals economic strength. When sales slow or foreclosures climb, many households feel the strain. For homeowners facing missed mortgage payments, the threat of foreclosure can be overwhelming. Understanding how Chapter 13 bankruptcy works and how it connects …
In recent years, American homeowners have had to become ever more familiar with strategies to stop foreclosure and creditor harassment, especially families facing overwhelming medical bills or a loss of income due to unemployment. Many have taken action through loan modifications or refinancing to lower monthly payments and head off other debt problems. The least …
On behalf of Debt Advisors, S.C. Even though the Great Recession officially ended in 2009, it’s abundantly clear that millions of Americans are still hurting. Indeed, new data shows that the rate of late mortgage payments increased last quarter for the first time since the end of 2009. Between June and September 2011, 5.88 percent …
Keeping a home during bankruptcy can feel overwhelming, especially when mortgage payments are unaffordable. In Wisconsin, the Mortgage Modification Mediation Program (MMMP) offers Chapter 13 debtors a court-supervised option to restructure their mortgage and potentially avoid foreclosure. This program runs through the U.S. Bankruptcy Court for the Eastern District of Wisconsin, provides an alternative to …
Most people never imagine they will face the question of bankruptcy. Yet in Wisconsin, financial stress from medical bills, credit cards, or job changes can make repayment feel impossible. Bankruptcy is one legal tool designed to help individuals and families regain stability, but it is not the only option. This guide explains what bankruptcy can …