Bridging finance, also referred to as bridge loans and bridging loans, have nothing at all to do with re-constructing the
Your best bet for securing a bridge loan at the most favourable rates and terms is to work with a qualified UK Commercial Mortgage Broker who understands the ins and outs of bridge loans. That way you can get your application in front of as many lenders as possible and end up with several who are willing to compete for your business.
Before shopping for your second home, consider how you'll pay for it so that it doesn't become a burden. Using a home equity loan is often the smartest path, because you can use otherwise untapped value in your home to your advantage without raiding assets such as bank accounts, stocks, or other savings.
If you've accumulated equity in your home, don't just sit on it. Put it to work by borrowing against it while home equity loan rates are still attractively priced. You can also use a home equity line of credit (HELOC). Banks typically charge more interest for those loans, but you avoid many closing costs and still may be eligible for tax deductions of interest and other expenses.
Buy a second home that you'll definitely use, not one so far away that you'll never visit it. Location becomes especially important if you use the property as a rental for extra income, because it will be easier to check on tenants and perform routine maintenance.
Rather than buying someone else's idea of a dream vacation home, consider creating your own. A less-than-perfect property can quickly pay for itself if you use home improvement loans to update it, and you'll have the satisfaction of remodeling or upgrading your second home to suit yourself.
Many investors combine their use of a second home as a vacation getaway with an occasional lease or rental. Not only will you make money by leasing, you'll save money by not paying for lodging at vacation time.
By Tom Kerr - MortgageLoan.com
Q. What is your take on upgrading your house to include solar energy and taking the money out of the equity of your home even when rates are at 8.25%. They may not rise before summer, but do you see them rising after that?
It's become almost instinctive these days for some people to rush to tap into the equity in their homes when they find themselves in need of cash. That's because of the growing awareness that home is where the money is. However, it pays to stay alert as you pursue funding, since your budget will be affected for years to come.
Watch what you sign: Read everything carefully before you sign anything, and make sure that you understand it. Don't put your John Hancock on anything that has blank spaces that could be filled in later.
Don't deed your property: If you think that you should deed your property over to another party for any reason whatsoever, consult with an attorney first.
A little efficiency in life can go a long way. Since free time seems to come at a premium these days, why not consider killing two birds with one stone using one loan closing to obtain two home financing instruments? Not only will you save time down the road, you'll also realize some compelling benefits.
HELOCs and interest rates
On a conventional HELOC, the interest rate will be quoted as a margin plus or minus the prime rate. As is true with all mortgages, the best rates are reserved for borrowers with excellent credit. Borrowers with bad credit will be offered somewhat higher rates.
Leveraging the time and energy you put into your first home mortgage loan to close a HELOC at the same time will increase your purchasing power and provide you with access to emergency cash. The other upside is the time you'll save, which is absolutely priceless. And since time is money, saving time also means saving money.
By Catherine Brock - MortgageLoan.com
Q. I wish to rent my home and keep it as an investment property. I currently have a 30-year fixed-rate mortgage of 5.5% on this property. It's appraised at $240,000. and I owe $104,000 on the loan. Should I refinance with an option arm just in case it doesn't rent?
So why not stick with the great mortgage you have now and see if you can make it work before trying to refinance into a loan that could wind up costing you more or adding to your debt?
If you have bad credit, finding a home equity loan, or any loan for that matter, can be a frustrating task. In today's market, however, mortgage loans for people with bad credit are available, even though the interest rates that they�ll face will be higher than those for borrowers with stronger credit numbers. Unfortunately, you should also expect to pay slightly higher fees on your loan as well. Despite the elevated costs, you can still find a good home equity loan if you gather as much information as you can, and follow the tips listed below:
When it comes to home equity loans for people with poor credit, the biggest favor that you can do for yourself is to study the mortgage marketplace and what�s available in it. There�s a plethora of information available to anyone who needs it. Familiarize yourself with the different types of loans that are offered. Find out how you can improve your credit. An excellent place to start your research is in the
By: www.finweb.com
In some real estate markets, a house in the $400,000 range is little more than a starter home. So why is it that a home loan in the mid $400's is considered a Jumbo Mortgage Loan?
What is the Conforming Loan Limit?
Credit cards are a good thing, but a home equity credit line is a great way to use the equity in your home to finance big ticket items such as home improvements, paying off high-interest debt, financing a car, or paying for college tuition.
There are number of ways in which Home Equity loans can be used to your advantage. Although you should never lose sight of the fact that home equities are debt, secured debt against your home, if utilized properly they can actually help to improve your personal finances. But always be careful; falling behind on a home equity loan can subject your dwelling place to the possibility of foreclosure. Let�s look at some of the most valuable and beneficial ways that these loans can be used.
Home refinancing with poor credit should only be considered if the homeowner has much equity in their home or if the original mortgage loan carries an unbelievably high rate. Credit scores directly determine the interest rate that will be offered. Refinancing a house is not a good idea if the borrower's credit has fallen since the origination of the mortgage loan. If the borrower is adamant about refinancing, choosing a mortgage brokerage or lending institution with low closing costs and no points is the wisest course of action. Sometimes it is not always beneficial to refinance. Determining if the time is right for an individual will rely on knowledge, research, help, and faith in God for guidance. "In thee, O LORD, do I put my trust: let me never be put to confusion" (Psalm 71:1).
Good mortgage brokerages may not always be easy to find. A good brokerage will let the borrower honestly know if home refinancing with poor credit is even worth their time. If calculations are done, and the time and money spent are added up, the end result should be either a decrease in monthly payments, or a decrease in the total amount of interest paid throughout the life of the loan. If these benefits do not exist for the borrower, and the mortgage company does not point that out, the consumer should not accept the deal. In recent years, there has been a record number of mortgage fraud cases that have left the consumer with more debt and much worse problems than they originally had. In cases where something does not seem to be right, it is important to drop negotiations to keep from losing a great deal of money.
With some help, home refinancing with poor credit can be changed by the end of the month. The fastest way to lower a credit score up to 30 points in 30 days is to pay down the balances on all cards and accounts until they reach under 20% of the total spending limit. This proves to lenders that the applicant is a responsible consumer. Lenders make refinancing difficult for some, but if credit is improved, the process is a breeze and can be completed in as little as 2 weeks. This situation may begin poor, but it doesn't have to end that way. As the borrower makes regular monthly payments to the refinance mortgage, their credit will begin to improve even more.
Taking advantage of home refinancing with poor credit enables those that have made mistakes in the past to come clean and embark on a new path, free from the consequences of bad or no credit. In today's real estate financing market, there are many creative avenues for financing homes, refinancing homes, or financing businesses and commercial properties. Thorough research should be done prior to application with any mortgage brokerage or lending institution. Experts advise a quick check with the BBB or Better Business Bureau. The BBB rates businesses and companies according to customer complaints and compliments.
For more information: http://www.christianet.com/homerefinance
Home builder spec home loans are available on the Internet, and most include a convenient application process. Users looking for financing for an upcoming building project can find a lender that will allow him to begin his payments after the construction has been completed. A spec house is a home that is built on speculation, or includes plans to build a house without a pre-sale of the building. After the spec house is finished, the buyer puts it up for sale. With this type of financial arrangement, a builder can finance up to 90 percent of his project. He can also draw requests for money online at any time during the construction phase.
An applicant can get home builder spec home loans for as much as 1.5 million dollars. Land equity and prepaid costs can be used as a down payment for some deals. But the builder must have an average or better credit rating score and provide a 10 percent post-closing liquidity of the total amount. He must also have a 15 percent minimum gross profit margin to qualify. Some lenders also require that the applicant have a certain number of years' experience, or a co-signer with home-building experience, in order to qualify.
Applicants can hold up to ten contracts at one time, enabling them to begin more than one construction project at a time, as long as he meets the other qualifications. The terms are normally 12, 15, or 18 months, giving the home builder plenty of time to complete the project and sell the speculative house. The total amount of home builder spec home loans a person can take out at one time may equal a sum of no more than 1.5 million dollars no matter how many houses they have being built. Once a person applies for a contract, the lender will work with him to process the paperwork and to help him get the most from his loan and glorify God at the same time.
In Luke 14:27, Jesus gives us advice about building: "Which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?" That's what makes taking out home builder spec home loans so important. Each person must first sit down and count the cost. Without the right kinds of financing, many projects would fail before they began. The right financing can make the difference in any construction business.
For more information: http://www.christianet.com/homeloans
The world of mortgage loans is foreign to the majority of us. It's riddled with its own jargon, rules and unique mathematical formulas. To make your visit to this strange planet a beneficial one, arm yourself with knowledge. Even though you've already been through the mortgage process once, it's easy to forget. Here are some questions you'll want to ask when shopping for a new mortgage.
By MortgageLoan.com
If you have bad credit, but want to save some money and repair your credit score, take out a home equity loan. Of course you need to own a home first, but if you already own a home, and are serious about raising credit score and saving money, then a 2nd mortgage is a great start. Home equity loans will enable you to pay off collections, bad debts, judgements, and past due credit cards. Even if you had a bankruptcy years ago, home equity loans can offer solutions to many high interest debt problems. Second mortgages have become somewhat easier for homeowners to qualify for with credit issues, such as, low credit scores, late payments, or collection accounts.
The bottom line you need to focus on is whether or not the home equity loan offers you monthly savings by consolidating your debt. If you save a few hundred dollars a month and eliminate revolving credit cards, then who cares what about the interest rate. Besides, as soon as your credit score increases to a 680 fico, you can refinance the sub-prime equity loan for a reduced rate second mortgage and save even more a month. Remember, �
By: www.simplifiedbadcreditrepair.com
If IRS home loan refinance taxes are due, then the loan receiver must notify the IRS agent in order to report any income gained financially through the loan. Refinancing is generally done when interest rates drop and it is more beneficial to the homeowner to apply for a lower rate thus allowing the monthly payment to decrease. They also have the option of pocketing that extra interest rate money into their bank accounts in one lump sum. Another reason homeowners refinance is to turn an adjustable rate mortgage into a fixed rate mortgage.
"And Jesus answering said unto them, 'Render to Caesar the things that are Caesar's, and to God the things that are God's.' And they marvelled at him" (Mark 12:17). IRS home loan refinance taxes are due with a homeowner's regular income tax. This information should be included on the federal tax return the following year. In order to find the best refinanced mortgage rate, it is advised to check the Internet. Lenders update interest rates daily and printed publications cannot keep up with the information as effectively as online publications. Information to be aware of when refinancing is listed in the closing costs a lender charges. Each lender charges a different amount of closing costs.
A third party mortgage broker may have additional fees included in the closing costs, but may offer a better interest rate than traditional banking institutions. Consumers should use online mortgage calculators to figure out the difference in interest rates compared with the closing costs to see which offer is more economically suited to the homeowner. The taxes are only paid on the actual income earned by lowering the interest rate if taken out of the equity. IRS home loan refinance taxes do not apply to an increase in a home's equity growth because of the refinance loan.
Those that are interested in learning more about IRS home loan refinance taxing regulations can view the IRS website for additional information or contact an IRS agent with any questions concerning his/her individual situation. This tax may not be due for everyone, and it is important to be aware of the tax laws as they pertain to home ownership and home financing. It is recommended that before choosing a refinancing lender, to research and review at least three other lenders and their lending options. Making an informed decision about the largest purchase in one's life should not be a decision made without adequate research and information.
For more information: http://www.christianet.com/homerefinance
Home equity line of credit loans are a way of using the money that you've invested in your mortgage by borrowing against it. Essentially, a home equity loan is a 'second mortgage' - a loan secured by your property. If you don't make good on your payments, the lending company or bank can force the sale of your house to recover their money.
Home Equity Loan - Line of Credit
In fact, you don't have to take any of it immediately. You can draw on the line of credit at any time, up to the full amount of the line of credit throughout the agreed-upon life of the loan. Suppose that you're doing some home repairs. You can use your home equity line of credit to pay for $2,000 worth of roofing tiles. That leaves you $8,000 in your line of credit. Three weeks later, you can use your line of credit to pay for $4,500 worth of windows - and still have $3,500 left that you can borrow against.
If you then start paying back on your home equity line of credit, that money becomes available to you again. If you pay back $1,000 of what you've borrowed, you now have $4,500 on your line of credit.
HELOC Interest Rates
HELOC Term
Imagine the indignity of finding your dream home, having your offer accepted by an eager seller, and then having the lender say, "No!" You end up upset and embarrassed. The seller gets angry that you tied up his home. Worst of all, you may lose the contract.
Pre-approval
By Jan Lindsey
Have you recently applied for a loan only to hear the dreaded word �denied�? This type of situation is one that can be devastating. It doesn�t mean you are irresponsible or shirk your bills. Regardless of the stigma attached to a low credit rating, there are probably logical reasons for your less than flawless credit. Still, the damage has been done. Now it�s time to fix it. If you follow some simple credit repair tips, you could be on your way to mending your credit.
The first credit repair tip to remember is that you can dispute any items on your credit report. The credit bureau must prove any claims. If they cannot prove them, they must remove the items from your credit file. If they don�t respond within one month of your disputing of an item, they must remove that item from your credit report.
Another credit repair tip is to contact any creditors with which you have outstanding accounts. Sometimes, being candid about your financial woes is the best option. Schedule a payment arrangement on the contingency that they update your credit report to reflect the account as being up to date. Make sure to keep your new payment arrangements. Getting behind again is the worst thing you can do when trying to boost your credit rating.
A simpler credit repair tip is one that might appeal to you if you are overwhelmed by the prospect of contacting creditors. You always have an option of having someone do the �fix-it� work for you. You can approach a credit repair company. Just be sure that you read all the fine print in any agreement. Remember that according to the Credit Repair Organization Act of 1997, credit repair companies are prohibited from accepting a dime from you until service has been rendered. Make sure that they have given you documentation of all payments, contract terms, etc. They should also be able to give you an estimated time frame of how long the reconstruction process will take.
No credit repair tip can magically erase the blemishes that taint your credit report. However, following these few simple credit repair tips can help shape your credit into that of a more desirable candidate. Take steps toward making your loan application disappointments turn into a thing of the past. Before you know it, you may hear that magic word �approved�!
By: www.businessremortgage.co.uk
Refinance interest rates provide consumers with information regarding the percentage of interest that will be paid when they choose to refinance. This percentage can vary considerably from one mortgage company to another. If the consumer is researching available options for refinancing, there are many mortgage companies to choose from. Each will offer a different refinance interest rate. When a person chooses refinancing, they will be given calculations and worktables to help determine what kind of rate they will be able to achieve. Many of these calculations can be done before the individual officially completes the application process. It is important to seek quotes and information before beginning the application process.
An aspect of a consumers financial history that will affect his or her refinance interest rate is the credit score. Before applying for a loan, the individual should check his or her credit history to make sure they don't find any surprises. Sometimes, an error can show up on the credit report or the individual may even find credit items that they have never seen before. These errors and wrong reports can negatively affect refinance interest rates. It is vital to get them cleared up before going further with research so that it is possible to receive better deals from potential lenders.
Individuals can seek refinancing in a variety of forms. Lenders offer both fixed rate mortgages (FRM) and adjustable rate mortgages (ARM) for their loans. A FRM is a refinance interest rate that will stay the same over the term of the loan, whether that is 15 years, 20 years, or 30 years. With an ARM, however, the refinance interest rates will change. If the individual applies for an ARM, they should check to determine what basis the mortgage company uses to change the percentages. Also, it is important to research other factors affecting interest, such as the points that the lender charges and any other fees or restrictions you will incur.
The Federal Truth in Lending Law requires mortgage companies to truthfully report the APR (Annual Percent Rate) that they charge for each loan. By checking out the APR when looking at refinance interest rates, the consumer will be able to compare one company's quotes with another's. The individual will also be able to discover if a lender is charging hidden fees or up-front costs to the loan. The Internet is the greatest resource when seeking information on this and similar subjects. No matter where the individual seeks information, gathering as much knowledge on the subject will allow the consumer to make the best decision. "A wise man will hear, and will increase learning; and a man of understanding shall attain unto wise counsels" (Proverbs 1:5).
For more information: http://www.christianet.com/refinancemortgage
If an individual can no longer handle his debt, a credit counselor can make an in depth study of his financial situation and suggest enrolling in a debt consolidation service or a debt management plan. In a debt consolidation service, the counselor negotiates with creditors for lower interest rates, waiver of fees and penalties and bargains for apportioning a larger amount of the debt repayment towards the payment of the principal amount. A new repayment plan is developed on terms favorable to the customer, so that debts can be paid off faster without the burden of high interest rates.
Upon agreement of the new terms and conditions of repayment, multiple debts are consolidated into equal monthly installments. The customer deposits this amount with the credit service who then makes payments to individual creditors. Once enrolled in a debt consolidation service, an individual has to pay the entire amount owed to the creditors.
Debt consolidation services are offered by profit and non-profit organizations. The terms of repayment are the same for both. A legitimate organization charges a flat monthly fee on every individual debt account handled.
It is important to keep track of how the consolidation service operates to make sure that each account is properly closed before the consolidation begins, and the reduction in the rate of interest and waiver of certain penalties has been granted. Also, it is wise to check whether the amount deposited under the debt consolidation service is properly disbursed to the concerned creditors.
A legitimate organization will not handle any account that is six months old and is charged off. It will make it a point to inform the customer of how long it will take to pay off individual accounts, and may offer the customer the option to select the debt accounts to be handled by the organization.
By: www.businessremortgage.co.uk
If you could wish yourself somewhere else, you would. Bills are mounting, the roof is leaking, and you're in the middle of the worst rainy season in recent memory. For the moment, however, you're pressed for time and strapped for cash, and there's not much you can do about these. Then, out of the blue, a lender shoves a mouth-watering offer at you, in the form of a no equity home loan. �Salvation,� you think.
Before you jump in and take as much as the lender can give, take the time to mull over this question: is a no home equity loan truly the answer to your financing needs? There is a big gulf of difference between drawing on the value of your home when you get a no equity home loan and exceeding this value.
Consider the following before signing anything:
1. Can you take the risk?
Some experts see no equity home loan as a glossed-over nickname for a high loan to value, or LTV, home equity loan. An LTV loan is one where the loan granted will be equal to, or even exceed by as much as 25%, the mortgage value of your home.
Usually, a no equity home loan comes with high interest rates - say, 2 to 6 percent higher than the standard. However, while the rates of no equity home loans are typically higher, they vary depending on a host of factors, such as your credit status, the financing institution, interest rates prevailing in the market, and the loan�s structure.
3. Can you take on the added requirements?
In obtaining a no equity home loan, you must take out a private mortgage insurance, or PMI. This adds between 0.5 to 1 percent to your total loan. PMI covers the loan�s total amount that is more than 80% of your home�s total estimated value but not over 100% yet. This means PMI is tied to 20% of the secured portion of your loan.
Home equity loans with interests of up to $100,000 are tax deductible. If you have a spouse and both of you file separate tax returns, divide this amount by two. In high-LTV loans, no benefit like this applies. So, if you take out a no equity home loan, you had better be prepared for tax season because any loan amount in excess of your home�s actual value is not tax deductible.
Home refinancing rates have been at an all-time low for the past decade and are only now moving upward at a slow rate. The drop in the American economy during the late 1980's when they skyrocketed caused more people to buy less property, but many used that period to save their expendable income. As the rates dropped in the 1990's, the homeowner market took a leap upward as many took advantage of the lower home refinancing opportunities to recover from other debts or to use equity in home values, which rapidly increased during that period, to purchase new investment property with the cash-out equity of their current mortgage. Discuss the terms in full with a lender and know what obligations the home refinancing rate demands.
A current rate is around the 4 - 6% range depending on the length of the loan and the ARM applicable to the fixed rate or variable rate loan. Some are higher than the 2-3% mortgages offered less than five years ago, but this current home refinancing rate is lower than only eight to ten years ago when the "good" rates were 7-9%. These numbers have changed dramatically and in turn so have the house values. Property is assessed at a much higher rate than ever before and a home built for less than $10,000 thirty years ago can now demand a resell price of over 15 times that amount. The trade off is the ability to draw off the equity of 5% more or less and reinvest in new property or pay off other debts or use it to lower previous home refinancing rates on earlier loans.
A homeowner can take advantage of these to use their homes equity or to hasten the path to getting out from under the mortgage debt burden. A lower home refinancing rate will allow the borrower to either redo their loan for a shorter period of time, lowering the amount of interest to be repaid, or the home refinancing rate loan will allow for lower payments on a greater amount of loan when using the equity to increase the loan amount. It is a wise move for a homeowner to take advantage of lower rates to make a means to get out from under their debts, or to make strategic financial moves to invest in property that will pay off. Like the Proverbs 31 woman, who "considereth a field and buyeth it" (Proverbs 31:16), there is a time to buy and a time to sell. Taking advantage of these opportunities is a wise move to reduce debts overall, but the wise homeowner will consider the "field" before buying it. In other words, know the terms and conditions attached to home refinancing rates.
For more information: http://www.christianet.com/homerefinance
A Home Equity loan is a second mortgage that is secured by the equity in your home. It generally comes in one of two forms. One is the Home Equity Line of Credit, or HELOC, which works much like a credit card and allows you to draw money against your equity whenever you need it. The other form of second mortgage is the home equity loan, or HEL, which gives you the proceeds of the loan in a lump sum. Unlike the variable-rate HELOC, this loan's interest rate is fixed and has a set repayment schedule. The term of a home equity loan is usually limited to no more than 20 years, and total loan-to-value levels (first and second mortgages combined together) are generally 80% or less.
Home equity loans can have many positives. To begin with, you have quick access to cash at a favorable interest rate. Lending institutions generally offer home equities at competitive rates, depending on your credit history and the prevailing interest rate climate. And your loan payment is at least partially offset by the fact that the interest paid on second mortgages is almost always tax deductible. In addition, as long as homes continue to appreciate in value, the equity automatically helps to replenish itself even as you pay back the loan.
First, the good news. Your bankruptcy has been discharged, and your monthly obligations are lower. While bankruptcy protection doesn't necessarily relieve you of all your monthly obligations, you probably wouldn't have filed if it didn't significantly improve your financial picture. You should be better equipped to manage your normal debt load.
It's hard to blame creditors for being leery of offering financing to an applicant who has already demonstrated a willingness to write off debt--regardless of the reason. And some experts estimate that one in ten bankruptcies involving real estate financing is not the borrower's first. Creditors don't want to come out on the losing end of a future bankruptcy.
If your need is great and immediate, and you know that you can make your payments, look into qualifying for a home equity loan after discharging your bankruptcy. Consider carefully the implications before committing to a loan--you will be securing it with your house, and failing to make the payments could cost you the only asset you have left.
Equity loans for a modular home are loans that are granted to a borrower based on the equity in their current house. An equity loan for modular homes can have different interest rates and terms, depending on the lending company that a homeowner works with. There are many reasons that homeowners are looking for help in this area, and these reasons can span from financial troubles to vacation funding. There are many situations where these housing funds can be beneficial and save all homeowners money. To find what kind of things a homeowner may qualify for, they can browse the Internet where mortgage rates are advertised and lending agencies are looking for customers to work with that want help in this area.
A modular home equity is the financial difference between the amount owed on the house and what the market value of it is worth. For example, when a manufactured home has a market value of $100,000 and the homeowner owes $80,000 on the mortgage note, the equity is equal to $20,000. A homeowner can borrow money based on that information, and the equity loans for a modular home then becomes collateral for the equity loan for modular homes note. This is a second mortgage, and the house is at risk of repossession just as in the principal mortgage. When a lending company repossesses a house, then it is sold to pay off the debt, so if there is a default on equity loans for a modular home, the homeowner could be without their house.
There are a variety of equity loans for a modular home companies that will work with manufactured homeowners. Terms and interest rates for can vary depending upon the particular financial situation and the amount of investment in the home. Those looking for information will find that there are fixed rate loans available and there are adjustable rate loans available. Finding the right fit for individual needs can be accomplished online with the Internet.
The Internet is a wonderful place to inquire for more information about equity loan for modular homes companies who work with manufactured home lenders. There are hundreds of mortgage lenders advertising, and those looking for help can easily comparison shop and find good deals to negotiate from. Of course, a homeowner's personal credit report and history will have a vital impact on the interest rate extended in a contract. Using property value to borrow money can be a good and bad thing. Any debt that threatens your home or place of residence is risky. Those looking for help should carefully investigate these funds and review their own financial standing. Psalm 127:1 states,"Except the LORD build the house, they labour in vain that build it: except the LORD keep the city, the watchman waketh but in vain."
For more information: http://www.christianet.com/homeloans
Many who file for bankruptcy use home equity in their settlement arrangement. Bankruptcy does not remove any liens on a home such as a mortgage. But if there is more home equity built up than is required to cover the loan, it is an asset that can be tapped into for needed cash in accordance with the rules of the type of bankruptcy a person has filed.
The two most popular bankruptcy options are:
By Mike Hamel
