Bankruptcy, When to give it back, Making Your Monday Appointment

July 12, 2010 - PRLog -- When a person buys a house, they don’t think they won’t be able to afford it. However, many people find they are way in over their heads when they buy a new house. Many people finds this happens due to a divorce, death, or loss of income. There are some that just can’t afford the mortgage and all the bills that go with it.

I regularly talk to Debtors who can’t afford the mortgage, insurance, taxes, and utilities. If it is due to loss of job and their income will be increasing soon, a Chapter 13 will be able to help them save the home to allow them to get caught up instead of being so far behind. If a Debtor can’t afford all their bills and find they have no way to increase their income, they seriously need to think of giving the house up and moving into something more affordable.

Filing a Chapter 13 does not get a Debtor out of debt. In matter of fact, it gives them another payments that must be paid each month. So, if a Debtor can’t make their mortgage payment and don’t see being able to do so in the near future, they will not be able to make their mortgage payments after filing and a trustee payment.

If a Debtor can’t afford their house and car and all other bills, they need to sit down and think about what is important to them. Sometimes giving up a car can free up enough money they can afford the house. If not, the Debtor needs to face reality. They need to find a place they can afford and try and save some money. That way in the future when they can afford a house, they will have a little money saved to purchase a new house.


Monday morning may be rough on some people, however during a bankruptcy the importance of showing for all appointments in vital. I personall believe that a Monday appointment is a better option because: the weekend is spent gathering all required info; after showing up the stresss will ease becasue now you have done what you can; and the relaxing throughout the week knowing that your part has been completed.

Now knowing that Mondays don’t always go as planned alot of appointments do not show, which can cause alot of conflict. Our clients do sign a contract stating that they owe the firm money if they for what ever reason miss or are more than 15 minutes late to the appointments. Where we may not let the client reschedule the appointment and we may insist on closing the account and refer all creditors back to the client.

This is why it is very important to make all appointments and to bring all required information whether or not Monday is better for appointments.

For more information visit http://www.bankrupcy-alternative.com/laws.html or call us directly. Here is another bankruptcy article http://www.prlog.org/10786790-bankruptcy-reaffirmation-an... and here is another http://www.prlog.org/10786776-bankruptcy-asking-questions... for your reading enjoyment.

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