In the world of credit score playing cards, credit score debt is all too typical. Debt from credit playing cards can be very stressful, and lead to a very crippling scenario. No one is immune to bank card debt, as even students can experience financial debt with their credit playing cards as well. With people utilizing their credit score playing cards more nowadays, much more and much more people continue to take the plunge into...more
Because chapter 13 bankruptcy is such a complicated and intimidating legal procedure, many consumers who need to file chapter 13 bankruptcy do not realize that it has a certain amount of flexibility to offer. Unlike chapter 7 bankruptcy, which is for all purposes and intents a process of asset liquidation, chapter 13 bankruptcy is in fact a financial rehabilitation plan that allows consumers, under strict court supervision, to get back on their...more
In these times of financial stress, it is unfortunate that bankruptcy lawyers are required. It is hard to find an attorney you feel is trustworthy, and have that lawyer be one you can afford. Do not worry. Here a a few things to help the process of finding an affordable and trustworthy Los Angeles Bankruptcy Attorney.When searching out a lawyer, a recommendation from someone you trust is the ideal way to start. Your family members, friends, and maybe even co-workers should be able to help in this process. The lawyer for you may be stuck somewhere in your web of connections. And even if that lawyer cannot help you, they should be able to recommend another lawyer. Do not be afraid to ask those who may be a little further away from your closest relationships. A local social worker, banker, or even your minister might know someone who can help you.Check out advertisements online, in newspapers, and phone books for lawyers. These can be useful resources. There are laws that control advertising, so this information could prove valuable. But be wary, advertisements are still designed to bring in business.A recommendation might be hard to get. Another option could be a lawyer referral...more
There is no doubt in it that the recent financial tsunami and the unfair practices of the credit card issuers collectively affected the credit card debtors severely. The unfair practices of the credit card companies indulged the debtors in the spiral circle of debt which is very destructive on its every stage.The habits of credit card...more
Ever since the Federal economy was hit by recession, thousands of Americans became unemployed. They failed repeatedly to repay their debts and as a result, the lenders started harassing them with collection calls in an attempt to collect their money. These harassment calls forced several people to file for bankruptcy. Though these...more
It seems that some people do not recognize that dispite some unpleasant aftereffects, bankruptcy is truly a "fresh start." Instead of being satisfied with the benefits they receive some people remain unhappy.Here is a letter I received:"Why does it take attorney's six or more weeks to discharge a chapter 13? Why do apartment leasers hold a bankruptcy against you when I don't see how you could add apartment rent onto your bankruptcy? If life is so miserable after a bankruptcy, why are lawyers constantly telling people it's okay to file. (They want to get paid.) "My response:"Six weeks for a discharge isn't that long and may well be governed by the schedule of the bankruptcy court. Some landlords may not want to rent to someone with bad credit. They may feel that they will have to chase the renter for their money. Dispossessions are time consuming and expensive. In many cases the landlord will get possession of his apartment, but may never recover the unpaid rent. While the court proceedings drag on, the landlord has lost a part of his source of income. So he haa a right to be careful. However life is not that bad after bankruptcy. Debtors used to be sent to jail.Not...more
Do you think you need to file for bankruptcy? Do you really know what you are getting into? This is a very important decision and you should know all your choices first. Here are the answers to the bankruptcy questions you might have.Will bankruptcy...more
The biggest problem that bankruptcy causes is the numerous small complications that arise after the decision. The fact that your credit card issuers will criticize you and you will lose your standing in public is a very big deal.However, what hurts...more
Once you've discharged all your debts you're done worrying about your finances for a while, right? Wrong. Now that you have this on your record you're going to have a difficult time doing anything with your history following you around, but once you...more
The bankruptcy law is designed with the purpose of giving an honest debtor a financial fresh start by discharging his debts.Why then, would someone want to keep a credit card even though they are filing bankruptcy?To me, it appears the answer is...more
Debt relief programs take different forms including Debt management program, Debt consolidation, Debt negotiation, Debt settlement and Bankruptcy. Now that the various alternatives are available, next step is to analyze and chose...more
In an era where a good number of people are mired in debt, with no possibility of paying up in the next couple of years, it is worth the while to compare the 2 most possible courses of action one can take: Debt Settlement versus...more