The bank is foreclosing on your home. Knowing you're going to lose it, you figure you'll just take everything that you can with you. You'll tear out the cabinets and sell them on Craigslist. You'll rip up the carpet and put it on eBay. You'll take down the light fixtures, pull down the trim, break off the tiles, and sell anything you possibly can.
Can you add debt recklessly and then file bankruptcy?
You and your spouse are facing bankruptcy. You finally decide to do it. It feels like a big weight has lifted off of your shoulders. Then your spouse proposes an idea: Why not start spending some money?
How can you tell if you're spending too much on that new home?
You're looking to buy a new home and running all of the numbers, but you're worried about accidentally buying more home than you can afford. Fortunately, there are a few ways to tell.
What's the biggest fear with Chapter 7 bankruptcy?
The biggest fear associated with Chapter 7 bankruptcy comes largely from Hollywood movies where you see the arc of a famous person's life. Suddenly, the person becomes famous and wealthy too fast. Spending gets out of control, and the next thing you know the sports star, rocker or movie star has to file for bankruptcy.
Tips for telling the kids about foreclosure
It can be hard to talk to the children about foreclosure. You want them to feel safe and secure in the house, but you also don't want to lie to them or hide things from them.
How foreclosure can impact entire neighborhoods
Foreclosure may not be an isolated issue. In some cases, as property values fall, it can hit entire neighborhoods.
