Bankruptcy Blog

Can a Bank Repossess My Home to Cover Debt in Virginia?

Yes, The Bank Can Take Your Home! Generally, yes if you have not been making your mortgage payments! The laws in the Commonwealth of Virginia (as in most states) favor banks over financially stressed homeowners. The Deed of Trust (which is the mortgage instrument in Virginia) controls what happens when payments are delinquent. Some states

What Are Some Alternatives to Bankruptcy?

Do I Have to File Bankruptcy? When an unexpected layoff at work or a serious illness creates an overwhelming financial crisis, people may be left asking themselves: “Do I have to file bankruptcy?” The answer is never ‘Yes, I have to file.” Sometimes there are good non-bankruptcy alternatives. Sometimes (but rarely) doing nothing is the

Avoid Foreclosure Scams

Denbigh Law Center does not provide services to renegotiate your mortgage(s). The Bankruptcy Code itself does not provide a mechanism whereby your first mortgage payments can be reduced. However, resources are readily available from various websites to determine if you are eligible for such adjustments under the newly established “Making Home Affordable” programs.

Can Debt Settlement Companies be Trusted?

'Debt Settlement' companies.* It seems that there is a new one of them every week. They tout "you have the legal right to settle your debt for less money than you owe!" Well. duh! Statements such as the above sound good when shouted across the airwaves in an announcer quality voice, but they are meaningless.

Can You Trust Credit Repair Companies?

Credit repair' companies seem to abound on the radio, the internet and on late night TV. You probably have at least the following questions and observations about them. Do They Work? How Do They Work? Without Success How Are These Companies Able To Pay For Their Advertising? Post-Bankruptcy Issues Well, let's address these one at

Bankruptcy Reality Check

Occasionally, a client will come into our office with an annual income ranging from $15,000 to $30,000 per year and $20,000-$30,000 worth of credit card debt . One of the first things that the client will tell us is that his credit rating is "A1." All credit card payments have been made on time. Thus