If you do get a credit card with a limit do not let yourself start making just the minimum payments again. This is probably what got you in trouble in the first place. After about a year or so, with this credit card, you should be able to get personal loans after bankruptcy. They might be smaller loans at first, but as long as you stick to your payments and pay them off you will be able to build your credit and borrow larger amount in the...more
Debt Relief Options - The Last Debt Solution Should Be Bankruptcy By: Channing Blaine About the Author www.OfficialDebtSettlement.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.OfficialDebtSettlement.comcontact us for free debt advice = 8886916918 (ArticlesBase SC #2985177) ...more
Generally speaking, we think of the declaration of bankruptcy as a last-ditch effort of an individual or company to get out from under insurmountable debts. What is less well-known is the fact that this process can be imposed upon a debtor by his creditors, an act called "involuntary bankruptcy," which is accomplished through a legal petition. Fortunately for most debtors, current laws often favor them. A petition for involuntary bankruptcy is only valid if filed jointly by at least three creditors (or just one, if money is owed to fewer than twelve) to whom at least $10,000 is owed, although this figure is larger under some circumstances. The petition can only be brought to court if it can be proven that the individual or business has not been paying bills on time or is likely to thwart creditors by paying off insiders, leaving them unable to meet their other financial obligations. Creditors are not able to file an involuntary bankruptcy until other methods of collecting delinquent debts, such as judgments, are exhausted. The best way to forestall this process is to have a bankruptcy attorney file an objection. This action will force a trial which, in turn, may prove to be...more
Going through a financial predicament in your life can be a very overwhelming experience. It could lead you to distressing episodes or will tend you to become hopeless in your situation. Bankruptcy may seem to be the only option left for you to take, however with the right guidance from your attorney you could solve your financial difficulties with...more
No one goes into a bankruptcy lightly. Most people, in fact, will fail to see the "relief" bankruptcy can offer until after it is finished. The truth about bankruptcy, though, is that it does represent a way out for people who find themselves in a particular set of circumstances. Before making a decision that could deeply impact your life in the...more
Bankruptcy laws are quite complicated. It is almost impossible for a lay man to understand them. In fact recently the bankruptcy laws have been made even more complicated. Therefore it is absolutely necessary to hire a bankruptcy lawyer if you need to file for bankruptcy. The lawyer can help you with all the intricate details as well as select the right chapter of bankruptcy to file for. A bankruptcy lawyer specializes in law pertaining to this particular field. But all the lawyers are not enough knowledgeable for the law of your state. Therefore when you choose a lawyer it is important to go for a local lawyer, someone who is familiar with the law of your particular state. Bankruptcy laws can be quite different from one state to other state. For example the bankruptcy law in Illinois is bound to be different from the bankruptcy law in Florida. Hence it is essential to choose a local bankruptcy lawyer who has experience in working in your state. If you live in Illinois it is advisable that you should select only a Chicago bankruptcy attorney. Make sure that the person you are choosing has got the license to handle legal issues in your state. While selecting a lawyer it is crucial...more
Detroit Bankruptcy Lawyers: Does My Spouse Have To File Bankruptcy With Me? By: Kevin C. Johnson About the Author Kevin is a practicing attorney in Mount Clemens, Michigan. He practices in the areas of consumer bankruptcy,...more
There are other benefits of Chapter 13 Bankruptcies as well including the stopping of foreclosure proceedings and the discharge of subordinated mortgages which have become unsecured due to a decrease in the value of the associated property. A Chapter...more
We can only hope that the federal government does not get the idea of bailing out yet another company: in this case Blockbuster. Why?Good riddance to Blockbuster. Over recent years Blockbuster became the company nearly everyone loved to hate for...more
Investment and business is not just anyones job. It requires great deal of prudence, proper plan out and other factor like proper marketing to get a flux of profit. Therefore, before investing or expanding a business an individual or investing...more
People who live or have a business or property in the United States can file for Chapter 7 bankruptcy in a federal court. Chapter 7 is straight bankruptcy or liquidation. Some property can be exempt from chapter 7. Most liens including real estate...more
If you declare bankruptcy, your creditors may initiate foreclosures. Florida Foreclosure Defense thus becomes very important in case of bankruptcies.How a Bankruptcy Attorney Fort Lauderdale can help you in filing Bankruptcy? By: eric bernard ...more