Category: Life After Bankruptcy Archive
Filing for Bankruptcy to Save Your Assets: Waiting Could Hurt You
One of the most frequent mistakes made by bankruptcy filers is that they wait too long to file. It’s natural to feel a reluctance to start the bankruptcy process. Considering filing for bankruptcy and actually filing are two very different things, but don’t allow yourself to get stuck in the ...
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Rebuilding Credit: Beware Certain Types of Credit Cards
Post-bankruptcy the main concern is rebuilding credit that was unavoidably affected by your bankruptcy. When you file, the bankruptcy is a public record and will be listed as such on your credit reports from all of the major credit reporting companies. It stays on the report for years and there’s ...
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Celebrate 2015 by Getting Out of Debt
It’s only a month until we’re irrevocably living in the year 2015. A new year calls for new goals and new plans and in some cases – an entirely fresh start. If you have decided 2015 is your year to be debt free you need to prepare now. In most ...
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Rebuild Your Credit After Bankruptcy: The Fast Method
Everyone knows that a bankruptcy doesn’t destroy your credit forever. The mark only stays on your credit report for up to 10 years. Even while the mark is on your credit report, appropriate financial activity can improve your credit score to the point where you won’t notice the negative effect ...
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Bankruptcy Fraud: Even ‘Real Housewives’ Stars Can’t Get Away with It
Bankruptcy fraud is obviously a tempting prospect to some: Teresa Giudice, ‘Real Housewives’ star, and her husband were obviously not able to resist temptation. The married couple that became known far and wide for their part in the hit TV show “Real Housewives of New Jersey” aren’t going to be ...
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The Story of Post-Bankruptcy Mortgages
Filing for Chapter 7 or Chapter 13 personal bankruptcy means a mark on your credit report for as long as 10 years. But contrary to the belief of many who fear filing for bankruptcy because of this fact, a record of bankruptcy on your credit report for up to 10 ...
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How Does Chapter 7 Affect an Irrevocable Trust to a Minor?
Individuals in financial trouble can file Chapter 7 bankruptcy in order to wipe their debt slate clean. It provides a fresh financial start. Filing for Chapter 7 means surrendering control of your assets. Assets are managed by the bankruptcy trustee assigned to your case and may be liquidated or sold ...
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Know 6 Common Thought Processes that Increase Your Stress Over Money
Many experts suggest that money is one of the most common stressors for the modern American. For those who are thinking about declaring bankruptcy, the stress can reach astronomical levels and even begin to affect your health. If you find that money is still stressing you out even after you’ve ...
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Who Is Notified When You File for Bankruptcy in California?
Many individuals who consider filing for bankruptcy immediately start to worry about who will know that they have filed. They can’t help but wonder, who exactly knows when you file for bankruptcy? When you file for bankruptcy, the filings will become a part of the public record (as will most ...
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Who Else Has Declared Bankruptcy: Millionaires with the Most Bankruptcy Filings
Are you considering filing for bankruptcy? Do you feel like you’re the only one who has had to resort to bankruptcy? Do you feel as if filing for bankruptcy means you are a financial failure? You would be wrong. To prove it, let’s consider some of the millionaires we all ...
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