Wed, July 23, 2025 at 11:03 PM UTC Bankruptcy proceedings can give you some much-needed breathing room, but they also come with serious financial ramifications — including, potentially, for your home.

There’s typically a waiting period after bankruptcy before applying for a new loan, including a mortgage. The length of the waiting period depends on what type of bankruptcy you filed for. Sometimes, ...

Debt levels have been on the rise recently, with total household debt in the U.S. climbing to $17.5 trillion by the end of 2023, according to the Federal Reserve Bank of New York. And, paying debt off ...

Mortgage borrowers who are granted Chapter 7 bankruptcy discharges and do not reaffirm their mortgages present unique issues for their lenders and mortgage servicers.

Shellpoint and BNY Mellon seek to dismiss a class action over revived second mortgages, arguing no duty to send statements on debts discharged in bankruptcy amid growing scrutiny of “zombie lien” ...

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.

Mortgage Payments Outside Chapter 13 Plan Don't Affect Discharge A bankruptcy case from the Middle District of Florida offers guidance on liability for mortgage payments under Chapter 13 plans, writes ...

As the cost of living rises and wages stagnate, many Americans struggling to balance financial obligations. Household debt levels have been on the rise for the past few decades, as younger generations ...

The term "discharged" refers to the elimination of a debtor's obligation to pay certain types of debts. Bankruptcy offers an avenue for individuals and businesses to manage overwhelming debt. It's a ...