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Company Loan Type APR Est. Pmt.

Which is better? filing bankruptcy or foreclosure when you h

Posted on: 22nd Sep, 2007 08:05 am
My friend is not employeed. Has a pening case on his criminal background and can't find a job. He has been unemployed for 4 months. He has a divorce pending. Property is in his name. He has filed bankruptcy yet he recently received a foreclosure notice. Which is best in his situation?
yes, I think the foreclosure notice that he recently received is because that he is unemployed and can't payment monthly on time.
Posted on: 23rd Sep, 2007 09:25 pm
Foreclosure is the right option to you.
Posted on: 24th Sep, 2007 04:08 am
Hi Sadiespear,

If you go for foreclosure, it will have a negative impact on your credit report and this will affect your credit worse than a bankruptcy.
Posted on: 25th Sep, 2007 02:26 am
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