What is the difference between bankruptcy and debt settlement? What is the difference between a sip of poison and a sip of bitter medicine? That is exactly what we're talking about. In case of the former option, you may get relief but that would be something that will make you feel even worse. Bankruptcy can have disastrous effects on your social life. It is not a word. It is a phenomenon that sums up all that can go wrong with your finances.When...more
Credit Card Debt Settlement – A Credit Debt Relief Alternative To Bankruptcy Can credit card debt settlement help avoid bankruptcy? Yes. Bankruptcy is always the last stop for people with unsecured debt who cannot make their repayments – and with good reason. It's a very traumatic and destructive process. It destroys a person's credit completely for ten years, and it carries an enormous stigma that is very difficult to recover...more
You have ordered a copy of your credit report from one of the three major credit bureaus and the moment you opened it, you saw a lot of outstanding balances that needed to be paid off as soon as possible. This is a very stressful situation to be in especially if you are having difficulties in paying your creditors back since the interests have all ballooned out.Add to your woes, you have just been laid off from your company. So how will you handle all these debts and bills each month?Most of us encounter a similar problem. Recession has inflicted great damage to our financial stability. We found it difficult to retire all our debts. This problem may push us to finally decide on filing for bankruptcy. After all, bankruptcy can wipe off some and even all of our debts. And for sure having been discharged from bankruptcy, we can have a fresh start for us to slowly work on rebuilding our credit reports.Aside from being retrenched from work, what other reasons can push people to file for bankruptcy? We will give you the four main reasons why people choose to file for bankruptcy.Reasons Why People File for Bankruptcy1. A recent, bad divorce. Divorce proceedings are not only time-consuming...more
Chapter 9 Bankruptcy In order to get an individual's finances under control, bankruptcy may seem to be the way out; it is a rather drastic step that helps debtors effectively escape from all current money owed. Sometimes when debts become too big, Bankruptcy may be the best way that makes the most sense. However, filing for bankruptcy should...more
Best Way To Eliminate Credit Card Debt - Does Bankruptcy Erase Credit Card Debt In this article we would like to address the age-old question, does bankruptcy rates credit card debt? In this article, we will have a two-part answer that will apply to this question. If your debt is old and you have shown that you have tried to pay it off in...more
Reasons Bankruptcy Could Be Your Best Option For Debt Elimination Are you considering bankruptcy, but can't decide if this is the best decision for you? Then it is important that you understand some reasons that this could be your best option for debt elimination. There are many reasons that this may be your best solution, but here are the top reasons that you need to be aware of. One: Eliminates all of your debt immediately - When you choose to use this option for getting rid of your debt, you will have it all taken care of immediately. There will be some things that you don't like about using this option, but you have to remember that getting out of debt is the most essential thing for you. Having help from a debt elimination company will make this much easier for you because they can explain what is happening throughout each step of the process. Plus, they will know the laws for the area you live in. The laws for bankruptcy differ in each area and each country. So you have to be sure that you get help from your local area so you will know that everything is being done correctly. Two: Gives you the chance to start over - Once you are out of debt, you will be able to start...more
Filing for bankruptcy should be a last resort.Within 180 days of filing for bankruptcy, the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act makes it law that an individual must get some form of credit counselling.By having counselling,...more
ABC of Hiring a St. Louis Bankruptcy Attorney If you are in or around St. Louis having financial problems, you should consider filing for bankruptcy. You could file the suit yourself, but hiring an attorney will give you better results. One...more
Can I get rid of my second mortgage in bankruptcy Arizona? During this down economy, the real estate values have declined drastically. This has caused many to find themselves in an upside- down house. This means that a home's value is less...more
Do you want to file for bankruptcy without your spouse? It, indeed, has been a tough few years with the economy taking longer to recover than what everyone hoped. Many average, hard-working people are at the point where they have to do...more
Considering Bankruptcy Arizona? The dreaded "b" word is tossed around today like a baseball on the practice field. But we're not talking baseball are we? We're trying to avoid the topic of bankruptcy, a legal proceeding where a person can find...more
When considering the very difficult option of bankruptcy, one of the first decisions to make is whether to file for Chapter 7 or Chapter 13. Although the rules differ from state to state, the basic differences between the two are the same everywhere,...more