Access Loans Inc Specializing in Texas Bankruptcy, Texas Foreclosure
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The decision to file for bankruptcy is a complicated one. Below you will find information on bankruptcy that will help you make a more informed decision. To find out more about bankruptcy and your mortgage click here for our on-line application.

Options Other than Bankruptcy
What Will Bankruptcy Cover?
The Bankruptcy Process
Prevent a Foreclosure
The Consequences of a Foreclosure

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Options Other than Bankruptcy Apply Online
There is no simple way to get out of debt, but borrowers should make every effort to improve their credit as it will increase the chances of being approved for a home loan. First, borrowers should attempt to lower their monthly payments and try to secure a loan from a family member or friend. Another option you have when trying to get out of debt is to cash out your 401K. All of these options have their consequences though which makes it important to get professional advice.

What Will Bankruptcy Cover? Apply Online
The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his/her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding. Not all debts will be covered by bankruptcy though and those that are not covered include taxes, child support, and student loans, just to name a few. This information deals with Chapter 7 consumer bankruptcy only and the laws regarding bankruptcy vary depending on the chapter of bankruptcy that is used.

The Bankruptcy Process Apply Online
When filing for bankruptcy many forms need to be completed and these forms are part of the bankruptcy petition. There could be between 30 and 60 pages in the petition. Local and Federal Government laws also must be followed when completing the forms. Preparing these forms requires an understanding of both bankruptcy law and state laws to ensure the correct and accurate completion of the forms. A hearing will also be held in a court where a decision regarding your situation will be made.

Prevent a Foreclosure Apply Online
To avoid a foreclosure mortgage lenders often recommend that you communicate with your lender every step of the way. If your mortgage lender is informed of your financial situation they can help you lower your monthly payments and temporarily suspend your mortgage payments, as well as an array of other options. Be prepared to provide them with financial information, such as your monthly income and expenses. It is also important to stay in your home for the time being because you may not qualify for assistance if you abandon your home.

The Consequences of a Foreclosure Apply Online
Following a foreclosure you will face many consequences. Foreclosure first results in the loss of the home which means that all saved equity and appreciation in the home will be lost as well. In many cases the combination of the equity and appreciation can translate into the home owner losing thousands of dollars. Foreclosure will also affect your ability to borrow money in the future. A foreclosure is a serious derogatory that make a person unworthy of credit. This derogatory remains on the credit report for at least 7 years. The result may be declined applications for credit, the inability to rent an apartment, and many other problemss

Texas Bankruptcy Apply Online
Deciding to file for bankruptcy is an important decision that can have many consequences. Access Loans Inc can help you obtain a Texas mortgage following a Texas bankruptcy filing. Filing for Bankruptcy in Texas does not mean that you can not secure a Texas home loan, it simply means that you need a Texas bankruptcy specialist to help you with your Texas mortgage. Contact Access Loans Inc to learn more about bankruptcy and your Texas mortgage.

Office: 936-436-0087 Fax: 936-436-1939
921 Mcleod Dr Huntsville TX 77320-7027 Email:
Access Loans Inc
Company NMLS #: 229378
Donald Ray Rast NMLS # 229375
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