Category: Life After Bankruptcy Archive
Can Missing Mortgage Payments Post-Bankruptcy Help You Negotiate a Better Rate?
Recently, we received a very tough and perplexing query. The specifics revolve around the modification of interest rates. The situation is prevalent and the writer’s looking to settle it in their own ways. We cannot provide a definitive answer, but we can try and provide some insights to clarify the ...
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Facing Financial Barriers in Education? Here’s How Can You Overcome Them
We always get queries from students experiencing a daunting dilemma keeping them from achieving their dreams: getting into their dream college but lacking the necessary funds. There can be several barriers to education, and financial hurdles are one of them. So, what should you do when your dreams clash with ...
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Should You Opt for a 3-Year Payback in Bankruptcy for Quicker Recovery?
When faced with the daunting possibility of bankruptcy, understanding your choices is crucial. It’s a crossroads where financial realities meet legal obligations. Thus, making the right decisions can significantly impact your future. One of our readers sent in their queries inquiring about a similar instance. Harriet writes… “Is it better ...
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Marrying Someone Who Has Filed For Bankruptcy
One of our readers asked, “If I am marrying an individual who has declared bankruptcy before our marriage, how does that affect my credit, and what responsibilities might I incur?” First things first, congratulations to you on your upcoming marriage. However, as you embark on a new chapter in life, ...
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Know Your Lenders: Interviews and Lender Calls
Before you even start filling out an application for credit, find out if a bankruptcy will result in an automatic denial of credit. Every lender has standard underwriting guidelines. If you find out the guidelines prior to submitting your application, you’re able to avoid unnecessary inquiries. This takes you closer ...
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The Five Stages of Bankruptcy Recovery…I Mean, Grief
It’s called bankruptcy recovery for a reason. It’s an overhaul of your entire LIFE! Allow some time to recover and don’t be surprised if you recognize some familiar coping stages most would associate with grief. Denial & Isolation: More than one million people file bankruptcy every year. Remember this when ...
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You Filed for Bankruptcy: How Do You Feel Now?
When you filed bankruptcy you knew exactly how you were going to feel when you got your bankruptcy discharge: completely elated. And you do feel that way – part of the time. But there are also moments of doubt and insecurity. This is a completely human response. Don’t let it ...
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Does Filing for Bankruptcy Keep Broken Leases Off Your Credit Report?
When you file for bankruptcy, you receive an automatic stay, which requires that any and all creditors stop contacting you in order to seek payment on debts. When you receive your bankruptcy discharge, all eligible debts included in the bankruptcy filing are no longer your liability. These are two of ...
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Obtaining Financial Aid & Student Loans After Bankruptcy
If you are a student considering bankruptcy, odds are you have wondered about how filing bankruptcy could affect your future eligibility for student financial aid and student loans. Will a successful bankruptcy affect your ability to obtain future assistance to pay school tuition, purchase books, and cover the costs of ...
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Life After Bankruptcy: When Creditors Forgive, But Don’t Forget
Have you ever loaned a friend or family member money? Maybe it was way back when you were 12 and your 16 year old sister really wanted your babysitting cash because she was headed to California with a friend and REALLY wanted to go shopping at the outlets on the ...
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