When financial woes overwhelm you and you find no respite to the endless financial hardships that continue to engulf you from all directions, it is time to consider the decision to file for bankruptcy seriously. A decision taken at the right time will not only prevent the situation from deteriorating, it will also help you put the crisis behind you and move ahead in life. On the flip side, the decision to file for bankruptcy can affect your life...more
Filing for bankruptcy is not the end of the world for the concerned individual and their families as most of us are led to believe. When you look at it positively, filing for bankruptcy is one of the ways to help you reestablish your finances and reorganize your life. Loan bankruptcy is what individuals who have filed for bankruptcy avail of to have the ability to own homes or maybe even cars.However, loans are only offered to such individuals...more
Filing for personal bankruptcy is a life altering step which can change the way you live for the rest of your life. It is usually the last step resorted to when all other alternatives fail and there is no hope for respite from acute financial distress. If done at the right time, it can help you clear off your debts and start life on a fresh note. Individuals can file for bankruptcy under Chapter 7 or Chapter 13 according to U.S bankruptcy laws. Chapter 7 involves liquidating all assets to pay off their creditors. Chapter 13 involves registering a specific plan with the court to pay off the creditors within a precise time frame from the sources of income that you have revealed to the courts. The new laws passed in 2005, makes filing for personal bankruptcy difficult and seemingly more complicated than before for an individual. That can perhaps explain the increase in number of cases filed under Chapter 13 by individuals over the last few years. This Chapter requires the affected individual to provide proof of income as the law revolves on the capacity of the individual to repay the debts over the scheduled period. If the individual fails to pay as per the pre-decided plan, there is...more
Before you file for personal bankruptcy, it is imperative that you hire the services of a personal bankruptcy lawyer. At the same time it is equally important that you hire a lawyer who practices exclusively in the area of bankruptcy. Lawyers who cover several areas of practice along with bankruptcy will never have that expertise that a lawyer who...more
Bankruptcy Myths: You must know about it By: Borton Stevens About the Author Borton Stevens is an expert author and has more then 7 years of experience in writing finance related topics. To know more about Bankruptcy Myths Visit: http://www.onlinebankruptcylaws.co.uk/ (ArticlesBase SC #3094993) Article...more
The current job market has left many qualified, competent people looking for work--and thusly, upping the competitive stakes. Some companies have even started doing credit checks on potential employees. If you have a bankruptcy on your credit, will...more
Debt settlement is a legitimate alternative to bankruptcy and can make financial sense for consumers with over $10k in unsecured debt. To compare debt settlement companies it would be wise to visit a free debt relief network which will locate the...more
Their are several debt relief options available in this market so it would be wise to speak with a debt relief specialist to determine which option makes the most financial sense for you. Whether it is credit counseling, debt settlement, debt...more
There are several debt relief options available in this market so it would be wise to speak with a debt relief specialist to determine which option makes the most financial sense for you. Whether it is credit counseling, debt settlement, debt...more
If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice but to agree to debt settlement deals.Ways to...more
If you have over $10,000 in unsecured debt it may be a wise financial decision to consider a debt settlement. Due to the recession and overwhelming amount of people in debt, creditors are having no choice but to agree to debt settlement dealsPersonal...more