Tag Archives: Dischargeable Bankruptcy Debts
Six Dischargeable Debts In An Illinois Bankruptcy
Many people file a Chapter 7 or Chapter 13 debt relief petition to gain immediate relief from foreclosure, lawsuits, repossession, and other adverse action. While the case is pending, moneylenders can do none of these things, at least in most cases. Many other people file bankruptcy because the debt discharge gives them a fresh… Read More »
Dischargeable Bankruptcy Debts
Mortgage underwriters talk a lot about debt-to-income ratio, and as a rule of thumb, a 43 percent DTI ratio is the ceiling for mortgage qualification purposes. The thinking is that people who owe more money than that cannot afford to pay it back, and therefore they are very poor credit risks. So, according to… Read More »
