Tag: bankruptcy Archive
How Long Does Chapter 7 Bankruptcy Last?
You know that point in the road trip when the kids all start asking how much longer until you get there? At first they take turns asking quietly. But the longer you are in the car, the louder and more repetitious the questions get regardless of the length or accuracy ...
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What to Expect at the 341 Meeting
Every debtor must attend a meeting called the meeting of creditors or 341 creditors meeting. It’s a mandatory requirement for anyone who files for bankruptcy. If you happen to miss your first meeting, it could be rescheduled, but if you miss your second 341 meeting you run the risk of ...
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Five Things You Should Never Do When Filing for Bankruptcy
In today’s difficult economic landscape, there are many who find themselves facing a seemingly impossible financial crisis. Unsecured debt piles up to insurmountable levels. Unexpected medical bills can destroy even the healthiest of financial plans. Unforeseen circumstances have a way of cropping up at the most inopportune times and sweep ...
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5 Questions to Ask When Trying to Decide if You Should Declare Bankruptcy
When trying to decide if you should declare bankruptcy there are 5 questions you should ask yourself. Knowing your answers to these questions will enable you to feel comfortable and confident in your choice. This is extremely important because of the fact that deciding how to resolve your financial crisis is a ...
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Bankruptcy: Positives and Negatives of Filing
No one wants to be viewed as compulsive. We all know that there are times when making one more “to do” or pros and cons list is simply not productive. But there is a time and a place for everything and if there’s one time and one place when making ...
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Bankruptcy Dictionary: Know Your Terminology, E-Z
Bankruptcy filers everywhere find themselves annoyed when they don’t understand their own paperwork. You aren’t alone. There’s a reason bankruptcy lawyers bring such peace of mind to the table during the proceedings. They know what they’re doing. They know what’s happening and they know what’s going to happen next. Having ...
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Bankruptcy Dictionary: Know the Terminology, A-D
No one likes legal terminology, but when it’s time to file for bankruptcy you can depend upon the fact that there will be a lot of documentation and it will all be full of legal terms. If you feel overwhelmed by the prospect of reading your own bankruptcy paperwork, take a second ...
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Increased Bankruptcy Filings as a Result of the Housing Bubble
Every American is aware of the housing bubble. We’re also aware of the fact that it burst abruptly and that it created a chain reaction of events that we would have all rather avoided. The price of housing isn’t all that changed when the housing bubble finally burst. We also ...
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Getting a Home Loan Post-Bankruptcy
Declaring bankruptcy is not the end of your dreams of owning a home. Having a bankruptcy on your credit report doesn’t mean that you can’t buy a home. Individuals and couples who have gone through bankruptcy are highly encouraged to rebuild their credit post-bankruptcy by obtaining loans and taking on debt. Debt will ...
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How Does Bankruptcy Affect Your Credit?
Bankruptcy is not an easy way out of debt or a quick fix for financial woes. Following a bankruptcy, you will be ineligible for loans, credit cards and many other types of credit. Some envision the aftermath as tough and possibly not worth it, but individuals experiencing financial trauma should ...
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