Debt Relief Using a Chapter 13 Bankruptcy It's possible to actually establish a court monitored debt repayment plan using a chapter 13 bankruptcy. This kind of bankruptcy allows you to still get the relief you need from collection calls, garnishments and lawsuits. In effect, you ask the court to intervene on your behalf with your creditors to get some breathing room. The repayment plan usually calls for listed debts to be repaid...more
Avoid Bankruptcy And Elimiante Debt - When To Get A Credit Card Debt Settlement One thing that many people do not realize until it is too late for them is the shape of their credit reports. In fact, many people do not even know what is on their credit reports until they go to get a loan or make a large purchase of some sort!Even though many people watch what their credit scores are, there are many other people that do not. Because of...more
Getting Out of Debts - Is Debt Settlement a Legitimate Alternative to Filing Bankruptcy? Getting out of debt can be very hard on your own if you don't know what program to use and where to find debt relief help. The lack of information about these options can cause you to make a wrong decision and file for bankruptcy.It is now hard to complete the bankruptcy process due to the high taxes involved. When you think about bankruptcy you think about a fast way to clear all of your debt, but what most consumes don't realize is that you will have to pay a lawyer to represent you and you will also have to present a lot of paperwork about your financial deals in previous years. The process is a stressful and usually lasts about a year, but there have been cases in which a person was declared bankrupt after 7 years of court hearings. You don't have time to waste or money to throw away on expensive lawyers.A legitimate alternative to filling for bankruptcy is debt settlement. This is the most common out of all debt relief options due to the fact that it basically makes half of your debt disappear after some well planed negotiations with the creditors. You are probably wondering why the...more
Filing Bankruptcy - Is It Right For You? After filing bankruptcy, you can breathe a sigh of relief. When you let creditors know you are seeking debt relief through the legal system, they have to suspend collection efforts. It doesn't take long to realize that the USA Bankruptcy Court offers a powerful solution to those who find...more
Personal Bankruptcy - The Last Option For Debt Relief Filing a personal bankruptcy is a major decision and one that only you can make. It's no secret that it can have long term consequences on your credit. But the question to ask yourself is whether those consequences are better or worse than the consequences of debt spiraling out of...more
Alternatives To Bankruptcy - Avoid Bankruptcy And Still Eliminate Debt When you're in a financial bind, bankruptcy is not the only way out. There are many alternatives to bankruptcy if youare willing to put out the time and energy. It could save you much unnecessary hassle.Bankruptcy is a difficult decision to make so it is best if there is another solution out there for you.Begin by calling your creditors. Most are willing to work with you if you explain to them your situation. Tell themyou are considering bankruptcy. In many cases, creditors are willing to work out a different payment plan with you. Don't hide from themeither. Be straightforward and open about your financial situation.Before filing bankruptcy, take a good long hard look at your finances. Get organized and begin writing out abudget. Start with your monthly income and deduct your monthly household expenses.Understand how you are spending your money and seek out where you can make cutbacks. Perhaps buying groceries inbulk, or cutting back on phone services or cable services. Every little thing helps.Next you will want to take a look at your credit cards. You may be able to take the balance from one with a...more
Bankruptcy Advice - Things To Consider Before Filing Bankruptcy With so many people in society today finding themselves in financial trouble more often, the rate of bankruptcy hasbeen on the rise.The main purpose of bankruptcy is to give...more
Bankruptcy Help - What to Know Before Filing Bankruptcy If you are planning to file for bankruptcy then you will indeed be making a trip to court. The U.S. Bankruptcy courtis a federal court and deals with all aspects of bankruptcy law. Each...more
Chapter 13 Bankruptcy - How It Works While filing for bankruptcy, there are several codes, which an individual can file under. One such chapter is 13, which allows the debtor to keep property and pay the debt off over time.The debt is usually...more
Pre-Bankruptcy Counseling - A Good Step Before Filing Bankruptcy With the new law passed in 2005 in regards to the filing of chapter 7 bankruptcy, it became law that anyone filing must first get pre-bankruptcy debt counseling.The debtor must...more
Bankruptcy Questions - What You Should Know About Bankruptcy Most people can admit they are in at least some form of debt. Dealing with debt is never easy, especially if you find you owe a significant amount of money and cannot figure out any...more
Types of Bankruptcy - Ch. 7 Vs. Ch. 13 Bankruptcy Bankruptcy is a procedure that is designed to relieve debt to consumers who have fallen on hard financial times andcannot afford to pay their existing debts.While there are many types of...more