Reprinted Articles

Are there tax consequences if my property is foreclosed? Foreclosure can trigger tax consequences to you, depending on the tax basis of the property, whether the property is your residence, etc. Know that the bankruptcy estate in a Chapter 7 and 11 is a separate, tax paying entity, distinct from the individual debtor: if the property is property of the estate when the foreclosure takes place, the tax consequences should fall to the estate, not the debtor.Yes! We have loan programs to fit almost any situation, regardless of past credit problems.

How soon can Benefacts help me? We can help a majority of new clients immediately. Our trained solution specialists have successfully worked with homeowners in all stages of the foreclosure process. However, the sooner you call us, the better chances we have of preventing the bank from taking your home. Call 1 to find out exactly how we can help you stop, prevent or delay the foreclosure action against your home - FREE 24-hour recorded message.We’re local. Do you trust sending your money to a company you can’t see or touch? Stop in and visit us at one of our branch offices. We help you with all your debts. Most credit counseling companies include only credit cards and unsecured loans on a program.

What if I just can’t find a way to keep my house? There are times when the situation is so dire that a person just won’t be able to prevent foreclosure in the end. If worse comes to worst, we try to help by offering to buy your house at a fair price. Contact us immediately so we can analyze the situation immediately.The most common sign that you may need to file for bankruptcy is that you cannot pay your debts as they come due.

Can you help me improve my credit rating? We do not do credit repair services but we do strongly recommend the nation’s leader in credit repair, Lexington Law Firm. Right now, of course, the best thing you can do to help your credit is to prevent foreclosure. Click here to contact USLM for a free eligibility assessment.Bankruptcy is about giving debtors a fresh start and it would not be much of a fresh start if you found yourself out on the street. So the bankruptcy system does have ways to protect your home. Bankruptcy is often used by homeowners as a tool to prevent foreclosure. By filing a bankruptcy petition you can stop a incomplete foreclosure proceeding. But you need to be serious about reorganizing or otherwise dealing with your debts.

What are the restrictions for a hardship withdrawal? Generally, a hardship withdrawal may be made to prevent foreclosure on your primary residence, purchase your primary residence, pay for post-secondary education and for medical bills not paid by insurance. You will be required to submit proof such as bills or a foreclosure notice and you could even have to consent to a credit check.Bankruptcy can prevent a foreclosure of your house or a repossession of your car. An automatic stay arises by law the instant a bankruptcy is filed. The automatic stay stops the foreclosure process and prevents any collection actions, such as repossessions or garnishments. Bankruptcy may also allow you to consolidate your mortgage arrears or automobile balance, and make payments on those debts over time through a repayment plan designed by your Attorney.

Will bankruptcy stop my home from being foreclosed and/or my car from being repossessed? Bankruptcy can prevent a foreclosure of your house or a repossession of your car. An “”automatic stay”" arises by law the instant a bankruptcy is filed. The automatic stay stops the foreclosure process and prevents any collection actions, such as repossessions or garnishments. Bankruptcy may also allow you to consolidate your mortgage arrears or automobile balance, and make payments on those debts over time through a repayment plan designed by Attorney Neil Crane.

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