As the song says, "It Ain't Necessarily So" (George and Ira Gershwin, Porgy and Bess, 1935). In fact, a well-planned bankruptcy may be "the" way to avoid losing your home.
(more…)My house is underwater and I'm behind in my mortgage payments. Is bankruptcy a good option?
As you might expect, I hear some version of this question frequently. My
first answer is always "It depends". After that, I ask questions
and discuss the possibilities. The questions and discussion below are a summary
of those conversations. (more…)