The number of bankrupt cases is in a rise in UK. The modification and changes in the legislation of UK have made bankruptcy more advantageous than ever thought possible. Bankrupt status will take away all the personal non essential assets like home. That is the reason a large mass of people still prefer to take IVA than announcing bankrupt; to solve their debit problems. However, with the new legislature in place, the discharge period from...more
The financial crisis in personal life is a part and parcel of modern life. Everyone feels the shortage of cash every now and then, except a blessed few. Excessive spending habit or traumatic experiences such as divorce, major ailment or loss of earning makes a person come face to face with the real time option of going bankrupt. At an acute condition of finance, a person opts for bankruptcy to be free of the accumulated loans.The current revised...more
Whether bankruptcy is the right option for you will depend on your particular financial situation and your goals for the future. At Fears & Nachawati, we are committed to helping our clients make the right choices about filing for bankruptcy. We will offer you the information you need to help you make an informed choice about bankruptcy and...more
You will find several types of bankruptcy available if you are forced into this situation. Unfortunately, more and more individuals are being forced to file for bankruptcy due to a troubled economy. For every different type of person and situation, you will find a different kinds of bankruptcy to file under. Although this process might seem...more
4. Last but definitely not the least is that one need to understand that to file bankruptcies you can not possibly discharge debts which are started or opened after filing for one. What will be included in the discharge are the debts that you have before you filed for one. If you have a new debt or loan after bankruptcy, it will be a different story.Knowing the four things above pays a lot as it can help one make a sound decision. Bankruptcy is not a thing that can easily be dropped off from one's credit report as it stays there for about a decade. There are times when people file bankruptcies only to realize that a much better and less harsh solution would have benefited them just the same.Things That Bankruptcy Can't Do For You By: Louie Pinto About the Author Louie Pinto is a Credit Repair Expert. He lives in Saint Petersburg, Florida and has been successful in helping a lot of people solve their credit-related problems by formulating a personalized bad credit solution to each and every cleints. You can read more about Louie's ideas in battling bad credit at http://www.creditrepairtoolbox.com/home (ArticlesBase SC #3650695) Article...more
Your Fort Lauderdale bankruptcy lawyer has discussed your options with you and you're leaning towards Chapter 13 bankruptcy. What exactly does that mean? Most people, if not all, who see a bankruptcy lawyer wish they didn't need to consider filing at...more
Look at this as just starting from scratch and building everything back up. It's a big step to take and a huge change in your life. One thing is for sure, once you make that commitment to recharging your life into the new you of financial stability...more
Benefits to Use Chapter 13 Bankruptcy As an alternative to Chapter 7 BankruptcyAssuming you have determined that you have to file bankruptcy, some people probably are not mindful of the numerous options offered. Chapter 13 Bankruptcy and Chapter 7...more
Bankruptcy attorney's find themselves with more clients then normal with, today's economic conditions and the recession. A lot of people are filing for bankruptcy as it seems to be the only way out for some people who cannot afford to make anymore...more
Good Reasons To Use Chapter 13 Bankruptcy Instead Of Chapter 7 BankruptcyWhen you have determined that you absolutely need to file bankruptcy, a lot of individuals are not informed of the several options out there. Chapter 13 Bankruptcy and Chapter 7...more
We all know that dealing with the IRS can cause stress. This is especially true for matters related to a tax debt and bankruptcy, and why it may be a good idea to seek the counsel of an IRS enrolled agent. When you are faced with a tax debt, there...more