December 3rd, 2008 by admin
When debt takes everything you’ve got, sometimes the only option left is bankruptcy. It happens to many different people for many reasons and is a legitimate way to get out of financial trouble if you’re doing it for the right reasons.
Bankruptcy is a process that can help people or businesses repay their debts under the [...]
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December 2nd, 2008 by admin
The bankruptcy court is part of the federal judiciary system within the united states of America. It is important to note that each state has its own laws governing resolution of debts. Because all of the states laws are very different it is impossible for lenders and borrowers to get justice when the lending crosses [...]
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December 1st, 2008 by admin
Do you KNOW what is on your credit report? Even if you have just filed bankruptcy it is EXTREMELY important that you KNOW how it is reported on your credit report. It is NOT the credit reporting agencies responsibility to make sure that your credit report is accurate. It is YOURS, and only you can [...]
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November 30th, 2008 by admin
When debt takes everything you’ve got, sometimes the only option left is bankruptcy. It happens to many different people for many reasons and is a legitimate way to get out of financial trouble if you’re doing it for the right reasons.
Bankruptcy is a process that can help people or businesses repay their debts under the [...]
Read the rest »
November 29th, 2008 by admin
It’s true that most lenders will see you as a credit risk immediately after bankruptcy, but that doesn′t mean you won′t be able to buy a home. Home loans are somewhat less risky for lenders than unsecured loans (like credit cards or personal signature loans) because the lender will have your home as security.
Even so, [...]
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November 28th, 2008 by admin
The majority of people believe that if they have bad credit, it?s all over for them. Their hopes for home ownership and financial security are over ? or so they think. As a bad credit mortgage expert, you can take my word for it: bad credit and even bankruptcy doesn?t spell the [...]
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November 27th, 2008 by admin
IVA- An Alternative to Bankruptcy
For many people the idea of going bankrupt feels them with horror- and it’s not difficult to understand why. Going bankrupt has all sorts of social stigmas associated with it, not to mention a whole host of disadvantages and disqualifications.
No wonder then that the IVA, introduced by the government [...]
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November 26th, 2008 by admin
Yes, there is life after bankruptcy, and for many, it is a well deserved relief from the sleepless nights and endless calls and letters from the bill collectors. While some bankruptcies are caused by reckless spending and adopting an extravagant lifestyle, most are caused by unintentional job loss, divorce, illness, and injury.
Bankruptcy is an uncomfortable [...]
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November 25th, 2008 by admin
After filing bankruptcy, most of the US citizens often wonder if they can avail a new loan or go for a refinance of the present loan. No doubt, it’s quite tough to refinance after bankruptcy in US but it’s not impossible. Within a matter of six months after you have filed bankruptcy, financial institutions will [...]
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November 24th, 2008 by admin
Filing for bankruptcy is a decision that must not be taken lightly, as bankruptcy has serious consequences on your financial well-being and your life in general. Not only will filing for bankruptcy ruin you financially, it can also have an impact on your ability to rent or purchase a home, purchase insurance coverage, attend college, [...]
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