Becoming Free Of Debt – Is Bankruptcy The Only Hope? Some people may, under certain unforeseen circumstances, find that they are incapable of paying off their debts either wholly or partially and thus would be looking for a way out of their financial mess, and one of the methods available under such circumstances would be filing bankruptcy which will ease the pressure of being under too much of debt. So, before you go out and decide to...more
Considering Bankruptcy? - How The New Bankruptcy Laws Affect You In bankruptcy, the attorney assigned to the case is responsible for making sure all information provided by their client is accurate. They usually do this before filing any and all paperwork. However, they often miss something and simply take their client's word for the truth. Once the case is filed, a bankruptcy trustee will go over all information supplied by the client,...more
The Bankruptcy Process – What You Should Know Before Filing Bankruptcy Filing for bankruptcy can be a long and tedious procedure, with mountains of paperwork to overcome and a lot of hassles to face. Once you've decided that bankruptcy is your only option to financial freedom, what can you expect?Credit Counseling:Under the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCPA") of 2005, every person filing bankruptcy in the United States must first undergo extensive credit counseling with a court-approved counseling service. A Big Decision:You may have thought that deciding to file for bankruptcy was the biggest decision you'd have to make. Wrong! Next, you must decide which type of bankruptcy to file: Chapter 7 (which is a straight or liquidation bankruptcy that clears you of all your debt), or Chapter 13 (which is a repayment plan). Those wishing to file Chapter 7, must prove to the courts that they make under the average income in their state and can not repay their debt, regardless of any repayment plans devised by the courts. Hiring a Lawyer:It may seem stupid to pay high legal fees at a time when you're trying to get rid of your debt, not take on even...more
Filing Personal Bankruptcy – Financial Advice Before Filing Bankruptcy Some people are in financial trouble. The creditors will not stop calling you. Your debts are piling up. You are at the end of your rope. You are in a panic. What to do now. Should I file for personal bankruptcy?The benefits of filing for personal bankruptcy will...more
What You Need To Know Before Filing Bankruptcy A bankruptcy lawyer will be able to guide you through your bankruptcy; these specialist lawyers can help their clients through a particularly difficult time. In an effort to try and reduce the number of cases which may not be legitimate, the law was changed and this has made the initial...more
Bankruptcy Help – Legitimate Alternative To Filing Bankruptcy Filing bankruptcy can be overwhelming. Suddenly you're thrust into a world of legal terms and mounds of paperwork you can barely understand. Is there help available? There sure is! Whether you can afford to hire a bankruptcy service or not, you can find the help you need to make this important decision easier to make - and manage. Here are a few places to start:Credit Counseling:Credit counselors have been trained to help you delve through your financial record and determine if bankruptcy really is your only alternative. All-too-often overburdened people who don't know how to handle bill collector's panic and file for bankruptcy before they really need to. A credit counselor can advise you as to any alternatives you may have including debt consolidation; how to have a portion of your debt forgiven and setting up repayment schedules with your creditors. In addition, they often offer help in setting up a budget and learning to stick to it. Some credit counselors charge hefty fees for their services, but there are plenty of not-for-profit agencies throughout the United States eager to help those facing...more
Ch 7 Bankruptcy Vs. Ch 13 Bankruptcy – Which Makes More Financial Sense? If you live are under tremendous financial pressure and unable to pay off your outstanding debts, then filing bankruptcy may be the only viable option that you have. As...more
Filing For Bankruptcy - When Does It Make Financial Sense to File Bankruptcy? Many people are not sure if they should file bankruptcy or allow a foreclosure. This is not a decision which can be made easily, and is really not a straightforward...more
Private Credit score Debt Card Financial debt – How to prevent Bankruptcy and Never Pay Back Unsecured Financial debt Credit card loans are unsecured loans and therefore have a very high rate of interest. The average debtor generally has a...more
Issues to Think about Prior to Submitting Bankruptcy – There are Better Ways to get Out of Financial debt The situation of the economic system is such that several common debtors are facing lay offs and unemployment. Those who handle to...more
Avoid Filing For Bankruptcy - 3 Debt Relief Options To Consider Before Bankruptcy If you know the adverse effects of bankruptcy on your financial status and want to avoid it, but not sure what other option to choose, this article will help you...more
Filing For Bankruptcy - 3 Debt Relief Options To Consider Before Filing For Bankruptcy Every debtor wants to get rid of his debt quickly and effortlessly. If you are in the same situation and opting to file bankruptcy at the very initial stage...more