How To Rebuild Credit After Bankruptcy In 5 Simple Steps Are you tired of hearing about the devastating impact a bankruptcy has on your credit?Can you recover from bankruptcy even though it stays on your credit reports for the next ten years?Well, let me answer with a resounding yes and more importantly in this article you will receive some real solutions on how you can recover and start establishing credit after bankruptcy.Even...more
Hiring A Bankruptcy Lawyer: A Final Option Before rushing to a lawyer to assist you in filing for bankruptcy, you have to make sure what is bankruptcy and what is not. Only then will you have to find a bankruptcy lawyer that you can work with in filing your case. Many people rush to file for bankruptcy thinking that it will solve their financial problems. The opposite is often true. Declaring your business to be legally bankrupt,...more
What Happens To Your Pension When You File Bankruptcy? One of the biggest concerns and stressors when filing bankruptcy is trying to figure out what will happen to your pension when filing bankruptcy. Should you cash out the pension and put it somewhere safe? Will it be taken from you to pay off existing debts? Will the funds be frozen? How will I decide how to handle this problem?Make sure that before you make any decision that you consult with an attorney in your applicable state to review your chapter 7 or chapter 13 bankruptcy rules and guidelines. This article will hopefully help give you a general guideline on the subject but in no way is meant to replace the advice of a professional. It is a general statement and is to be used as an aid but the final say on the matter lies in the laws of your state.Generally speaking your pension and retirement are safe. That is good news. Things such as your pension, IRA, 403(b), and your 401(k) are generally and usually 100% safe. The Internal Revenue Service Code will need to be reviewed by a professional to see what section your retirement plan applies to in order to make sure that your funds are safe. ...more
Notifying Your Creditors When Filing For Bankruptcy After filing your petition for bankruptcy under Chapter 7, paying the necessary fees, and complying with the legal requirements, an "automatic stay" is granted to you by operation of law. This stay will effectively stop most collection actions against you and your properties (11...more
Important Information on Bankruptcy Law As applying for loans, credit cards and other forms of credit are easier to come by, so are the bankruptcy rates in the United States. In a ten year period, between 1994 and 2004, bankruptcy rates in the United States nearly doubled. The government's reaction was to take a closer look at...more
Court fees for bankruptcy to rise on 4th April 2011 If you are currently considering declaring yourself bankrupt, you need to be aware that the court fees associated with the process are now rising from 4th April 2011. In the ongoing process of making the Court Service self funding, fees will need to rise to help balance the books. In April last year, the costs of declaring yourself bankrupt rose as well as the Official Receivers deposit, which was the fee that had to be paid to the Court to fund the OR's investigation, was raised from £510 to £600. The rise in fees is another blow for those who are already struggling to find the fees necessary to go through the bankruptcy process. We get many calls here to Help With Debt asking what it costs to go bankrupt and many people can't believe what they need to try to find to deal with their debts. Of course there is help at hand for those for instance who are on income based job seekers allowance, or for those who qualify by virtue of receipt of other benefits, or though lack of income generally. For those who qualify, there is a form called the EX160, which can be filled in and the evidence necessary to support the...more
Following Filing Bankruptcy You Must Resolve Your Credit Score and Credit Report A person of the final result just after filing for bankruptcy shelter is that your credit score score will plummet and your credit score report will be...more
What Happens to the Money I have in the Bank and Provisions When Filing Bankruptcy? This topic is a touchy one at best. Ultimately you need to check with an attorney in your state for the official answer but I am going to offer some...more
Bankruptcy Atlanta Take the help of an experienced bankruptcy attorney Bankruptcy is really painful as it gives immense tension to the debtor as well as his or her special someone and loved ones. There have been instances when people...more
You can get a Loan fast with the Current Bankruptcy - Tree Lending Mortgage Consumer credit cheaper about 3%, but not always all that glitters gold and get this interest force financial firms to hire in many cases other products such...more
San Diego Bankruptcy Attorney SD It was until the economy went into recession that a majority of peoples realised the need and importance of having a bankruptcy attorney. If figures are anything to go by, in the year 2006, 2 million...more
San Diego Bankruptcy Lawyer It is just dawning on you that your start-up business is not generating as much revenue as you had anticipated. To add salt to the injury, you neither have nor finished paying the debts owed to your...more