What is the Bankruptcy Register? Often referred to as the Bankruptcy Register, the Insolvency Register is an official record of all insolvencies that is maintained by the Insolvency Service, the regulator responsible for overseeing the insolvency industry (in England and Wales) and the Accountant in Bankruptcy (in Scotland). Whilst access to the England and Wales register is free, a fee is payable to access the Scottish register.The...more
How To File For Bankruptcy However, not all debts are dischargeable and in certain cases, bankruptcy actually stands far away from being a solution to debt problems. Student debt and "undue hardship"If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all student loans are non-dischargeable. The law is clear when it comes to student loan debt: Unless repayment causes the...more
Comparing Debt Settlement With Bankruptcy When you are stuck up with neck deep loan, you must be in search of some effective debt elimination so that you can start your life afresh. While you search for the means, you have couple of them in your hand. First, you can opt for a debt settlement program for having a clean chit from your creditors. Alternatively, when you are absolutely in dearth of money, you can consider about filing a petition of non-payment. However, non-payment here indicates towards bankruptcy. To explain both of these choices, they have separate pros and cons. You should select your own course of action depending upon the situation.While many people use to believe that insolvency does not really have any virtue, it is not altogether a perfect picture. People when lacking money in their pockets; finally decide to file the same, which can set them free from their liabilities. In addition to the same, bankruptcy is a healthier option where credit is concerned. Although a person has to struggle much to prove him a bankrupt, once it is proved a person can set good-bye to all his debts. However, it will be gross injustice to judge that insolvency does not have...more
Bankruptcy Options - Debt Settlement Vs Credit Counseling The consumers nowadays have many options to clear their liabilities. Still he must know which one is the most affordable and profitable for him. From where he can get the best results at the end is a big question. Well that requires a little bit of research on these financial programs...more
Getting Out Of Debt Fast - Filing Bankruptcy Vs Debt Settlement Via debt settlement services getting out of debt is very fast. It is an effective solution for bankruptcy. Many people have freedom from debts thanks to these services.However paying back debts is not as easy as obtaining it. Money could be gone in a swish but it takes a very...more
If a person who borrowed a sum of money has been faced with some problems with loan payments or in case, if he is close to bankruptcy, what may lead to default, the best option for him/her is to apply debt relief order. It is certainly necessary a quite a long period of time pass, and the process would be difficult and usually treacherous, but it is very good way to avoid bankruptcy. The conditions of applying for the debt relief order are usually strict but at the same time it can give the man some benefits. That is the reason why these sourses don't advertise its ability. People need to get it clear that debt relief is not something magical, but just some kind of financial assistance temporary difficulties. One should do a special debt consolidation, what is very popular and famous decisions of debt relief. It usually have some radical methods of paying out debts. One should cleary understand, what is this all about, or otherways the borrower may have more serious consequences. The very significant purpose the debt consolidation includes is the unification of the debt in one account. They are to be paid not by monthly made multiple payments, but by payment for one time. One needs...more
Bankruptcy Help: What To Do The only way bankruptcy can help you is if there is no other option for you and you use bankruptcy as a last resort since it ruins your credit for about seven years. New rules have also been put into place...more
Bankruptcy Lawyer: What They Can Do For You A bankruptcy lawyer will help you to know everything that is going on from legal advice to all options available to help you make the best choices possible through the bankruptcy process once you...more
Bankruptcy Lawyers: More Help Than You May Realize! Bankruptcy lawyers not only help with the legal process of bankruptcy to ensure that everything runs smoothly, but they also give you legal advice and act as your counselor in many ways by...more
Choosing Debt Settlement For Debt Relief – Better Than Bankruptcy If at all possible, avoid bankruptcy by choosing a debt settlement for financial relief assistance.Bankruptcy will create low credit scores for at least seven years making it...more
Chapter 7 or 13 Bankruptcy Can Affect Credit Scores Bankruptcy is often a painful decision. When many folks think about bankruptcy, they think about losing their personal effects. They wonder what it would be like to lose a car, say good-bye...more
Understanding The Basics Of Mortgage Loans After Bankruptcy Getting a 2nd mortgage loan or home equity loan after a bankruptcy is workable. However, loan applicants should be aware of certain disadvantages to bad credit loans. A bankruptcy is...more