Once you file for Bankruptcy, your entire financial life becomes harder. Your credit record or history is marked and it becomes increasingly difficult for you to secure a loan if you need one. It is not impossible to secure a loan just more difficult. There are subprime lenders out there that are interested in helping [...]
Bankruptcy is a process where debts are legally elliminated from ones life. The court is the only one that can grant or deny a petition for Bankruptcy. There are two main types of bankruptcy that can be filed. The first, chapter 7 is when part or all the debt of an individual or business is [...]
There are several different Chapters available to an individual or business that finds themself overwhelmed financially. For each different Chapter, 7,9,11,12,13,or 15 there are a specific set of rules and guidelines one must follow or the petition for bankruptcy will be denied. Whether you are looking to payoff or wipe out your debts, there is [...]
Depending on your overall credit picture, there are some ways to avoid filing for bankruptcy. Look at your options and choose the option that best serves your needs. Whether it be going through a non profit counselor or negotiating on your own, don’t put yourself at the mercy of the creditors. Speak up and ask [...]