Deciding to purchase your own home can be extremely exciting and rewarding. However, if you're a first time home buyer, the process may seem overwhelming. You may find yourself seemingly drowning in paperwork and struggling to make sense of important documents which will affect your financial future. Thankfully, a real estate attorney can help you navigate those complicated waters and come up with the answers you need. Below, you'll find a guide to some questions you should be sure to ask your real estate lawyer. [Read More]
3 Important Estate Planning Tips For People Under 40
If you are under the age of 40, the last thing you might be thinking about is estate planning. Many young people don't think about this, because it seems like there will be time later on in life for this. Unfortunately, life is full of surprises, which is why you should begin estate planning now. As a young person, you may want to focus on the following three aspects of estate planning. [Read More]
When Is Chapter 13 Better Than Chapter 7 Bankruptcy?
When most people think about bankruptcy, they probably think of chapter 7. It's the best known type of bankruptcy for good reason: Chapter 7 allows you to discharge nearly all of your debts, and it's the simplest type of bankruptcy to file. However, that doesn't mean that chapter 7 bankruptcy is necessarily the best choice for you. There are some situations when chapter 13 bankruptcy may be preferable, even though it's a repayment plan instead of a total debt discharge. [Read More]
Can You Buy A House If You Declare Bankruptcy?
Bankruptcy is designed to give consumers the chance to start over, financially speaking, which means that declaring bankruptcy does not have to signal a permanent end to your financial viability. Assuming that your bankruptcy is successfully discharged, you will be able to buy a house someday if you take the following steps. Show Financial Responsibility It may sound backwards, but the first step to buying a house after declaring bankruptcy is to rebuild your credit, and the best way to rebuild your credit is to get a secured credit card. [Read More]