You may consider:Debt Consolidation- Debt Consolidation is an easy and timely alternative. A Debt Consolidation Counselor will evaluate your current situation and past debt and develop a budget for you. They will negotiate payment options with your creditors and simply provide you with the alternative to make one easy monthly payment to them and they will disburse the payment among your creditors. The benefits include:* Usually, a lower monthly payment* Lower percentage rates* Debt payoff in a timelier manner* Less contact from creditors or no contact from creditors* You will be able to keep your credit at satisfactory standards versus the harsh impact a bankruptcy would have on it* You're able to obtain new credit* And with the money you save with the advantage of a lower monthly payment plan you can contribute to a Savings Account or Retirement AccountThe above benefits are just a few of the benefits of Debt Consolidation versus Bankruptcy.Another alternative is a Personal Loan or DebtConsolidation Loan. This is one large loan to pay off smaller loans or debts.

With one large loan, you will normally have a lower percentage rate and a longer pay off period. The benefits include:* The ability to pay off debts in full* No more harassing phone calls from creditors* Your credit will be saved from derogatory accounts and collections * Low percentage rateHowever, in order to obtain a Personal Loan or Debt Consolidation Loan you will need satisfactory credit. Though there are alternative to filing bankruptcy; in some cases, bankruptcy is the only option. Before deciding whether to file bankruptcy or consolidate, consult a financial advisor. He or she should be able to give you advice after evaluating your situation and current credit standings.=================================================Discover the debt consolidation alternatives toBankruptcy.

Find out useful advice and information. Click ==> http://www.debtconsolidation-easy.com/.

should their bankruptcy become necessary.

Bankruptcy laws are Federal.. lease law is state law.

Anyone can file for bankruptcy and invoke all protections afforded to them by the U.S. Bankruptcy Code... including not making lease payments... at least temporarily.

Here's another caution...

It would be illegal for your lease to require that residents be responsible for injuries he or she sustain during the lease term.

The law can legally hold landlords liable for damages and injuries caused due to negligence. A landlord cannot contract that away.

How about repairs....

The same would apply to a requirement that the tenant be responsible for all necessary repairs. In every state the law mandates that landlords perform certain repairs to maintain the property and keep it habitable.

Does your lease contain a clause concerning attorney fees?...

Requiring a renter to pay for all of the landlord's legal fees and costs regardless of a court case out come would also be a lease no-no.

Most good leases have stood the test of time and will help you avoid legal problems. Just don't ask tenants to sign it until you have read and completely understand every line of the lease you are using.

You'll find the lease we use here... http://digbig.com/4ckcd


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With most of their income going to pay creditors, he robbed a bank every month, demanding only enough to pay his monthly hotel bill.Another family of five, says Ryan, was paying their creditors so much money each month they only had $50 left for food. "After one child died from malnourishment. Social Services put the other two children in foster care and threw the parents in jail for child neglect."Ryan offers these warning signs that it may be time to declare bankruptcy:? You've cut back on every essential and paying your creditors causes you to fall behind on your essential payments, such as your mortgage/rent, car payment, insurance or utilities.? You are losing sleep, constantly arguing with your spouse, considering divorce or contemplating suicide because of financial pressures.? You are considering doing something illegal, or thinking of pursuing shady credit repair strategies, in order to relieve the pressure of dealing with your creditors.? You are jeopardizing your family's health, nourishment or home in order to pay creditors.Anyone who identifies with one of these warning signs, says Ryan, should schedule a free consultation with a bankruptcy attorney and explore their options. "It's called the Bankruptcy Protection Act for a reason: to give people a fresh start, to help you get a clean slate," reminds Ryan.If bankruptcy is your best option, Ryan warns against immediately jumping at new credit offers, as so many people do. Your best strategy? Avoid getting any new credit for one year, says Ryan, who offers bankrupt consumers a free tip sheet on the Do's and Don'ts of Bouncing Back from Bankruptcy at her website, www.newcreditafterbankruptcy.com"It takes more than becoming debt free to break the debt cycle.

You have to change the attitudes and habits that got you into debt in the first place," says Ryan. "Consumers who do that have a much better chance of having a secure financial future.".

Having at least a couple credit items you are paying on- time will help. Second, limit the amount of other debts such as credit cards or bank loans. Too much debt will make it more difficult to qualify for a loan, particularly revolving credit accounts such as credit cards. Your debt-to-income ratio is one part of the puzzle lenders will look at in determining your ability to repay a mortgage. Another important aspect is providing all necessary documents in a timely manner to your loan consultant.

Items such as paystubs and tax returns are generally needed in order to establish your income and show the ability exists to repay the loan. Information on your credit report needs to be checked for accuracy. Items that you feel are inaccurate need to be disputed in writing with the three major credit repositories. (Equifax, Experian and Trans Union). This may take persistence to ensure the items are removed appropriately.

The removal of this inaccurate information will help establish a more favorable debt-to-income ratio and make the process of qualifying for a loan easier. Finally, if you are unable to qualify for a loan initially, do not despair. Sometimes this process requires a little patience. Follow the tips mentioned earlier and more options are usually available 6 months to a year after the bankruptcy discharge. Your Amerinet Loan Consultant can help guide you through this processRead more about Dallas Bankruptcy And Mortgage http://www.bankruptcyhome.com/dallas-bankruptcy.htm.

Americans pay more than $65 billion dollars in interest to banks annually, and unsecured credit delinquencies are at an all-time high. According to American Consumer Credit Counseling, the total U.S. credit card debt in the first quarter of 2002 was approximately $60 billion. Credit card debt carried by the average American: $8,562 (Approx.). From 82 million in 1990 to 144 million in 2003? the amount they charged during that period grew by a much larger percentage: approximately 350 percent, from $338 billion to $1.5 trillion.With the major options a debtor has today clearing your debts is become a lot easier.

Debt Consolidation: According to the survey in 2004, thousands of debt struck people has been benefited by the debt consolidation program. Debt consolidation programs consolidate your entire loan in a single amount and your late fees are also deducted. This is the most popular way of solving your debts in the new millennium. View more info in: ( http://www.debtconsolidationcare.com )Bankruptcy: Data compiled by the Administrative Office of the U.S. Courts show that the number of bankruptcy filings (dominated by personal filings) dropped by about 1 percent during the 12 months that ended June 30, 2004, from 1.65 million to 1.63 million.

Personal bankruptcy filings have nearly doubled in the past decade, rising 7.4 percent to more than 1.6 million in the 12 months ending September 30, 2003. "Total bankruptcy filings remain at historic highs. Chapter7 and Chapter13 Bankruptcy: Statistics released by the administrative office of U.S. Courts show that a total of 388,864 new non-business bankruptcy filing in the United States during the quarter ended September 30, 2004, including 274,196 chapter 7 filings and 114,454 chapter 13 filings.(http://www.debtconsolidationcare.com/avoid-bankruptcy.html )Debt Settlement: With debt settlement, a third party or you yourself negotiate with your creditors to reduce the debt amount. Debt Settlement agencies work with your creditors to reduce your debt balance, sometimes by as much as 50-75%.

Let's say you have racked up $20,000 in unsecured credit card debts. You owe $10,000 to one credit card Company, $6,000 to another one, and $4,000 to a third one. You agree to contract for a five year debt settlement plan where you pay $250 a month to the Debt settlement company. $250 a month for five years is only $15,000, so you're saving $5,000 and you'll be debt-free in just five years by opting Debt Settlement Plan.( http://www.debtconsoldationcare.com/debt-settlement.html)Debt Management Programs: More than 3 million people contacted a credit counseling company last year for help in managing debts. Credit counselors collected about $7 billion in payments as part of debt-management plans, which typically allow consumers to pay back their credit cards and other unsecured loans in three to four years at reduced interest rates.

Clients who successfully completed a DMP felt that it provided a wealth of different benefits, both immediately and long run. Almost 85% of clients felt that the ability to payoff their debt was beneficial and almost 55 % felt that the plan helped stop collection calls. A Total of almost 38% felt that they improved their credit worthiness and almost 51% felt that they improved their overall financial status.( http://www.debtconsolidationcare.com/debt-management.html )Credit Counseling: Credit counseling agencies help you to be debt free, but basically they don't consolidate your debt. They will work out payment plans with lower interest rate and fees for your outstanding debts. You'll make one monthly payment to the counseling agency, which will pay all your creditors.

Nearly 9 million people in financial trouble have some contact with a consumer credit counseling agency each year.(http://www.debtconsolidationcare.com/credit-counseling.html ) Budgeting: Budgeting is also a very important aspect in the debt solution plan. Make a budget plan and curtail any unnecessary expense. In a recent survey of average U.S Budget per household shows that a household allocates 33% of his total Income in housing, 13% in food, 5% in apparel and services, 19% in transportation ,5% in Health care ,5% in entertainment , 9% in personal insurance and pensions ,1% in life insurance and 10% for other items.( http://www.debtconsolidationcare.com/budget.html )Home Equity Loan: There has been an increasing growth in the home equity rate in U.S. By the first quarter of 2003, home equity loan growth outpaced credit card growth by an average of 5.6 percentage points. By the same quarter in 2004, that figure jumped to 8.4 percent.

What's more, U.S. home equity debt was at a record high of $415 billion for the second quarter in 2004, which is a 10 percent jump over the previous quarter, the FDIC reports. If home equity debt keeps increasing at current levels, it's on pace to break $500 billion by the end of the year.These above mentioned methods can lend a Midas touch to all your debt and financial problems. For deeper insight into debt related matters view:http://www.debtconsolidationcare.com/debt-solution.htmlhttp://www.debtconsolidationcare.com/debt-free.html.

At that point, a borrower has to pay off the principal balance in a lump sum. Assumable mortgage Assumable mortgages are relatively rare. A homeowner with an assumable loan can "hand off" the loan to a buyer instead of paying it off using proceeds from the home sale. If rates are low and you can get one, by all means do so. If rates rise, buyers will want to assume your loan (and will be willing to pay more for your house!) because it'll be much cheaper than any loan they could get from a bank or other source.

Subprime mortgages These loans have higher rates and more onerous terms than conventional loans, but they can help borrowers who have poor credit ratings..

Tax problems usually merit professional help when tax liabilities reach $10,000 or more and individuals find themselves in a position where they cannot pay, says Stroh. At that point, specialists can negotiate directly with the IRS on behalf of these consumers, helping them obtain settlements, Stroh says. "Experts can navigate the intricacies of IRS forms and calculations that characterize tax relief. They can help consumers understand the criteria the IRS imposes, then help them get back into good standing with the IRS."Tax relief specialists include attorneys with special training, and experienced debt resolution advisors such as those with Freedom Tax Relief, a division of Freedom Financial Network. These advisors can help obtain one of two types of IRS settlement, depending on the severity of an individual's situation:?Offer in compromise, which reduces the principal amount owed to the IRS.

?Installment agreement, which is a payment plan for the amount due; often includes a reduction in penalties. Freedom Tax Relief charges a fixed fee for its services. Fees vary depending on the type and amount of tax owed as well as individual circumstances."Unlike with unsecured creditors, you can't let taxes languish or be slow getting around to them," Stroh warns. "The IRS is serious and aggressive about tax collection and evasion. Tax debt can result in a lien on a house or garnished wages."Stroh encourages individuals with tax problems to act early, before they receive "intent to levy" notices from the IRS.

When selecting an advisor, look for a solid track record of success. For example, Freedom Tax Relief's lead attorney maintains a career success rate of more than 90 percent acceptance for offers in compromise. This rate compares to an industrywide rate of less than 15 percent."Handling tax problems is becoming more important than ever, in light of bankruptcy reform legislation now in Congress," Stroh says. He explains that historically, consumers in severe IRS debt might file for Chapter 7 bankruptcy protection or try to wait for the 10-year statute of limitations on tax liability to expire. With the new Federal Bankruptcy Reform Bill likely to pass quickly, people will be much more limited in the ability to obtain Chapter 7 filings.

The bill's new "means test" will require many consumers to file instead for Chapter 13 bankruptcy, which establishes a repayment plan, rather than wiping out all debt. "Consumers with tax debt who are looking to Chapter 13 may find it much less costly, simpler and easier on their long-term records to work with a debt resolution firm with a tax relief service," Stroh says. "In doing so, individuals can set up a tax payment plan while avoiding court fees, attorney fees and a bankruptcy judgment on their records."Freedom Financial Network, LLC (www.freedomfinancialnetwork.com) provides consumer debt resolution services through its Freedom Debt Relief, Freedom Foreclosure Relief and Freedom Tax Relief divisions. Helping consumers resolve their debts for the least possible personal cost, Freedom Financial Network offers an alternative to bankruptcy, credit counseling and debt consolidation. Based in San Mateo, Calif., Freedom Financial Network serves more than 3,000 clients nationwide and manages more than $80 million in consumer debt..

Through the courts, a court-appointed trustee will determine your new standard of living and how much of your income will be given to you to live on and will divide the rest among your creditors each month. For the next three to five years, you will have to live on a strict budget while your debts are getting paid. At the end of the reorganization your debts are considered paid in full, however, the record of your Chapter 13 personal bankruptcy will stay on your record for five to seven years. In order to pay off your debts within the allotted time period, your debts may be reduced and your interest eliminated. You won't be able to obtain new loans or credit without the courts permission while you are on the program, as this would defeat the purpose of the debt reorganization.One of the main purposes of bankruptcy legislation is to afford the opportunity to a person, who is hopelessly burdened with debt, to free him or herself of the debt and start fresh - "almost like having a new lease on life." By law, all actions against a debtor must cease once you file bankruptcy.

Creditors can't initiate or continue any lawsuits, wage garnishees, or even telephone calls demanding payments. Your wife or husband will not be affected if you file bankruptcy, if they are not responsible (did not sign an agreement or contract) for any of your debt. A number of banks now also offer "secured" credit cards where a debtor puts up a certain amount of money so you can still have a credit card. Two years after a bankruptcy discharge, debtors are eligible for mortgage loans on terms as good as those of others, with the same financial profile, who have not filed bankruptcy. However the fact you file bankruptcy stays on your credit report for 10 years.

It becomes less significant the further in the past the bankruptcy is. The truth is, that you are probably a better credit risk after bankruptcy than before..

Also, you may need to have a down payment. If you have even 3-5% to use as a down payment, that may be enough to help you get approved.There are ways to get a down payment for your mortgage besides having the money saved in the bank. Here are some ideas of ways to do that:

1. Borrow or ask for a gift from relatives. After you have financed the house, you can usually go and take out a 2nd or 3rd mortgage up to the full value of your house, and then you could repay the relatives. Keep in mind that if you intend the money to be as a loan only from the relatives, you would need to disclose that to the lender before you close.

   Lenders usually have regulations about where the down payment is coming from and if you are not honest, it could be considered defrauding a lender.

2. There are down payment assistance programs like Neighborhood Gold or the Nehemiah program. These programs basically aid the seller in helping you with a down payment. Receiving a down payment from the seller of the property is illegal, but through these programs, it is legal. There are also other down payment assistance programs which are grants and do not need to be repaid or paid for by anyone. To find out about these, do a search on "down payment assistance" with your favorite search engine.
3. You could cash out a 401K or another investment and like in the first example, repay yourself with a 2nd or 3rd mortgage after the loan has closed.

If you would like to see a list of our preferred bad credit mortgage lenders, visit this page: www.abcloanguide.com/lessthanperfectcredit.shtml..

I also appreciate the ability to view and review online the work that was being done on my case. Your effective use of the internet is undoubtedly one of the reasons you can keep the lawyer costs to a minimum. $499.00 total fee for a New York lawyer is simply unheard of. Thank you and keep up the good work." Filing bankruptcy chapter 13 can also be completed for as low as $1500.00 in bankruptcy attorney fee.The system has been perfected over five years and it is very easy to use and very convenient. It starts with the client registering and submitting his fee online.

The team of the lawyer and paralegal to work on the case are assigned automatically by the client's address. The assigned paralegal and client enters the information online, and the lawyer can review the work anytime and from anywhere he has an internet connection. When ready the lawyer downloads the bankruptcy forms or files them with the bankruptcy court electronically. The lawyer, paralegal and client can communicate about the case by leaving notes to each other online. The efficiency and convenience of www.bankruptcyfirst.com is simply amazing and no doubt the way of the future for delivery of bankruptcy legal services.??????????????????Bankruptcy First Law Firm has 200 lawyers in 40 states and will soon have lawyers in all the states and District of Columbia.

The main office can be reached toll free at 877 717 2200 or by email to e-mail protected from spam bots. For more information logon to www.bankruptcyfirst.com..