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Monthly Archives: October 2009

Why Are Banks So Scared of the Word Bankruptcy?

An excellent and well-researched article by Robert Doggett for the website ForeclosureBuzz.org takes a look at a number of foreclosure prevention guides offered by various industry players (HUD, the FDIC, Fannie Mae), States and even Federal Agencies and finds their bank-controlled message leaves out your strongest legal weapon: Bankruptcy. Even worse, when bankruptcy is mentioned in these “helpful” consumer guides, it is misrepresented, presented as likely to be a scam or dismissed as not legitimate. Why are the banks so scared of the word bankruptcy? Continue reading Why Are Banks So Scared of the Word Bankruptcy?