Debt Settlement Or Bankruptcy? - Searching For the Best Debt Relief Option By: Casey Charles About the Author www.destroyourdebt.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.http://www.destroyourdebt.comcontact us for free debt advice = 8886916918 (ArticlesBase SC #2896448) ...more
In October, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act became law. With only a few exceptions, consumers filing for bankruptcy protection must receive a bankruptcy counseling certificate from an approved provider of the United States Trustee Program, an affiliate of the Department of Justice. The first of two mandated bankruptcy classes must be finished within a six month period before filing for protection. Each consumer...more
Discharging their debts is why ninety plus percent of people file for bankruptcy. Of all the loans that are hard to get rid of in a bankruptcy, student loans are near the top of the list. Congress has set up the student loan programs to provide a lot of flexibility to students in paying back their loans. Congress has also asked the private institutions and creditors that provide the loans to be extremely flexible in collecting the loans.But, the flexibility came with strings attached. In return for this flexibility, they made it clear to the bankruptcy judges that they were serious in expecting these loans to be repaid. The courts, taking their cue from Congress, will require that you show extreme hardship in order to have your student loan discharged. And it rarely happens.Based on the rules for extreme hardship, it is difficult for a person to prove. But you will need to do this if you want a chance of getting your student loan discharged. To start with, you will have to file a separate court action to show that you are experiencing extreme hardship.If you don't have legal training and are not used to spending a lot of time in the law library, you will probably find it best to...more
How to Rebuild Your Credit after Bankruptcy Filling By: Jakob Truss About the Author Jakob Truss is the owner of the Bankruptcy In Pennsylvania blog, a blog that contains articles related to Bankruptcy In Pennsylvania. (ArticlesBase SC #2898670) Article Source: http://www.articlesbase.com/ - How to Rebuild...more
Avoid Filing for Bankruptcy: Find Other Options By: Jakob Truss About the Author Jakob Truss is the owner of the Bankruptcy In Pennsylvania blog, a blog that contains articles related to Bankruptcy In Pennsylvania. (ArticlesBase SC #2898680) Article Source: http://www.articlesbase.com/ - Avoid Filing for...more
There are times when you land yourself in a position where you lose the entire difference between your monthly expenditure and monthly income. This financial trouble can happen anytime in your life and can cause all your creditors to pursue harsh...more
Chapter 7 Bankruptcy is more of a liquidation that involves a debtor's non- exempt or non-excusable assets. These can be sold by the trustee to pay back the creditors as per the priorities that are established within the chapter's code. The...more
With the the global financial crisis hitting businesses in 2007 to 2008, a lot of companies experienced a sudden downturn. And some had it so severely that they had no choice but to file for bankruptcy. Even today, when everything is slowly coming...more
When an estate is transferred as heir property, beneficiaries are required to pay inheritance, or "death taxes" However, current federal inheritance tax laws allow individuals to give up to $1,050,000 to heirs without incurring an estate tax;...more
Before filing for bankruptcy, it is crucial to understand all the facts. Since you may not be an expert in bankruptcy law, the questions you might have about the process have answers that are anything but clear. Not only are there different types of...more