When you file for bankruptcy, the court appointed trustee who represents the creditors is going to be looking at not only your assets, but your tax return as well. The type of bankruptcy you file will decide how much, if any, of your tax refund you will be able to keep.
Whether you live in New York City or another area where the cost of living is high, you know how difficult it can be to pay the bills when you have a family that relies on you. You’ve been frugal with your money, only spending on things that were necessary but you haven’t been able to make ends meet.
Many homeowners don’t understand that mortgage companies don’t want to foreclose on properties unless they have to. They are in the business of loaning money, not foreclosing on homes. So what can you do to help keep your home?