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Bankruptcy News

The Latest Bankruptcy & Debt Relief News by Brian Barta
Bankruptcy Attorney Brian Barta > Bankruptcy News (Page 5)

Improve Your Credit After Bankruptcy

If you are not familiar with the bankruptcy process, you might believe that filing for bankruptcy will ruin your credit forever and make you ineligible for credit cards and mortgages. However, this is simply not the case. Although bankruptcy will affect your credit negatively, its effect is only temporary. With a little effort on your part, you can rebuild your credit and return it to where it was before the bankruptcy (or even make it better). Check your credit scores The first thing to do after your bankruptcy is finalized is to assess the damage to your credit by reviewing your credit...

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California Homeowners Should Avoid Zombie Property Ownership

Many California homeowners do not realize they may still be financially responsible for homes that have been foreclosed or liquidated during bankruptcy. Home foreclosures increased in California during the first quarter of 2014, with almost 20,000 default notices filed, according to KCRA News. Many homeowners who are anticipating foreclosure in Santa Rosa may believe that, if they do receive notice, all they can do is vacate the property and let the bank complete the foreclosure. Unfortunately, homeowners who do this risk being left responsible for a zombie property and all of its associated expenses. Unexpected Burdens Zombie properties are properties in foreclosure that...

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