Tag Archives: Bankruptcy

Short Sales Versus Chapter 7 Bankruptcy: What’s Discharged?

05. Nov, 2010 0 Comments

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the important points that you should know in regards to what debt is and what debt isn’t discharged when a short sale client files Chapter 7 Bankruptcy. Listen in as

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Bankruptcy…The Good, The Bad & The Ugly!

19. May, 2010 0 Comments

RISMEDIA, May 17, 2010—Like many Americans, Russell and Aboline purchased a home when times were good. Then the recession hit. Aboline lost her job of 10 years, along with their family medical insurance that was part of her benefits program. Russell took a 10% pay cut while his overtime and bonus program were discontinued. One year later, Aboline was still not working, their savings account was depleted and they had no medical insurance. After trying every option, including a home-loan…

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