There are certain rules that govern a person's actions prior to filing for bankruptcy and during the bankruptcy process. One of the rules is that you can't give away valuable items before you file for bankruptcy. When you file for bankruptcy, all valuable items have to be declared on the personal property schedule. Giving items away or failing to declare items on the schedule can land you in trouble.
What options do I have for an underwater mortgage?
An underwater mortgage is something that no homeowner wants to deal with. The harsh reality is that getting out from under an underwater mortgage can be rather difficult, but it isn't necessarily impossible. There are some options available for people who want to refinance a mortgage that is underwater.
