If you are considering filing bankruptcy or considering either a short sale of your home, or perhaps going through a debt management program, you need to take into account the income tax consequences of each alternative. Filing bankruptcy provides not just a way for you to erase your debts, but also gives you a way to avoid any liability…Read more
Are Short Sales Better Than Mortgage Foreclosure, Then Bankruptcy?
If you can’t make your mortgage payments, and can’t decide whether to try a short sale or allow the mortgage company to foreclose, a new development may help you decide on a short sale rather than foreclosure. Either way, you should consider what filing bankruptcy can do to turn your financial difficulties around. According to…Read more
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