You do not own your own home. As you file for bankruptcy, this at first appears to be a positive. You don’t have to worry about losing your house if you don’t have a mortgage to begin with. There seems to be less at stake, making it easier for you to use bankruptcy...
Month: December 2020
SHORT SALE, DEED-IN-LIEU, FORECLOSURE AND CHAPTER 13 BANKRUPTCY
When you fall behind with your mortgage, the lender can file a foreclosure for the purpose of selling your home and paying the proceeds towards what you owe them. If you can afford to make your mortgage payments and pay the missed payments over 5 years, you can file a...
Guitar Center files for Chapter 11 Bankruptcy
Guitar Center filed for Bankruptcy on November 22, 2020 in the Eastern District of Virginia. The Coronavirus has taken a financial toll on a number of large retail stores, including Guitar Center. In addition to selling guitars and other musical instruments, Guitar...