Foreclosed? You Might Still Owe on Your Second Mortgage

Did you lose your home in a foreclosure? Many people in California, and around the country, have had to go through the troubling and painful process of foreclosure during these past few years. The mortgage that you had while you bought and were paying for the home will go away when you file bankruptcy in California based on the non-recourse law. However, this does not apply to a second mortgage that you might’ve taken out on your home later. Continue reading

Are People Who File Bankruptcy Bad?

One of the common fears that many people have when they are considering filing for bankruptcy is that people are going to find out and think that they are somehow bad people. They may fear that others will believe that they are somehow abusing the system merely to get out of paying a few bills. That is hardly ever the case though, and most people today know that. Over the past few years, many people in the state and the country have gone through some very trying economic times. People know what it is like to live a hard life and to have trouble paying the bills. Continue reading