For some debtors in New Hampshire who are considering bankruptcy as a possible solution to overcoming unmanageable debt, Chapter 13 debt reorganization may be a viable option. In Chapter 13 bankruptcy, the debtor enters a repayment plan lasting between three and five...
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Month: December 2014
Dealing with unsecured creditors in New Hampshire
When a borrower is unable to make a credit card payment, it is possible that the issuer could seek a wage garnishment or seek a lien on certain property. However, creditors cannot do so on their own. Instead, a creditor must first obtain a judgment and then seek a...
Tips for avoiding home foreclosure
If a New Hampshire homeowner is in a grim financial situation that might lead to a home foreclosure, a variety of methods can be followed to avoid such an outcome. Because each method requires different resources and actions, homeowners should take their time and...
Stripping a mortgage lien in a New Hampshire bankruptcy
The bankruptcy court may strip a creditor's lien on a property as part of the bankruptcy process if it is from an unsecured debt. Second mortgages often become unsecured debt as part of Chapter 13 bankruptcy proceedings in cases where the property has very little or...
Medical debt consequences
Many people in New Hampshire find themselves in a situation in which an unexpected illness or medical emergency results in a mountain of medical bills. Even those who have insurance may find themselves suddenly overwhelmed by unexpected medical debt. Medical debt can...
