Tag: bankruptcy Archive
Marriage and Bankruptcies Don’t Mix Well: Share Your Financial Information Before Your Wedding
Some might say that they never knew their loved one better than on the day they shared their vows. I beg to differ. I think many knew their loved ones the most on the day they shared their financial histories. My advice? Do the financial sharing prior to the sharing ...
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Bankruptcy and Your Financial Future
Bankruptcy is difficult. Most people filing for bankruptcy have already been fighting financial issues for at least a few years. And experts know that fighting that kind of battle has an effect on people. Constantly fighting a financial battle can create a sense of hopelessness that some experts have described ...
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The Side Effects of Declaring Bankruptcy
Sometimes it feels like everyone, their brother, their third cousin and their stepmom’s boyfriend’s dog are checking out your credit report. On those days, bankruptcy can become a very touchy subject and may even touch parts of your life that never suspected it would come near. You could call it ...
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Your First New Credit Card After Bankruptcy
Anyone without a credit card should first establish good financial habits and then apply for a secured credit card. For those attempting to re-establish good credit post-bankruptcy, you should plan on doing so approximately 6 months after you receive your discharge. With a secured credit card, the cardholder puts ...
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Bankruptcy and Your Employment Opportunities
Many people are concerned about whether they are employable after filing for bankruptcy. Generally speaking, bankruptcy doesn’t have to have an impact on your future employment prospects. There are certain narrow fields (in the financial field, for example), where problems would undoubtedly arise. But generally speaking, many employers would be ...
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Bankruptcy in Real Life: Not Like in the Movies
Americans love a good movie; particularly a good courtroom drama or a good lawyer played by a Hollywood celebrity. There’s nothing wrong with enjoying a good bit of fiction and in some cases, the reality may not fall too far from the fictional story presented on the big screen. The ...
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An Overview of California Personal Bankruptcy Options: Chapter 7 and Chapter 13
If you find yourself in an impossible financial situation, you are not alone. Hundreds of thousands of Americans find themselves in the same situation every year. Those hundreds of thousands turned to bankruptcy for a clear-cut solution. Many others are still out there, struggling to make ends meet or failing ...
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Solutions for “Grown Up” Borrowers Who Can’t Pay their Debt
Most individuals have borrowed money at some point in their lives. For many, it began at an early age, needling parents into making purchases with promises to do chores to “pay them back” after the fact. This type of borrowing didn’t usually involve a written contract or a signed credit ...
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What Happens When Someone Borrows Money and Can’t Pay it Back?
People have been lending money to each other since the creation of currency – and before that they were lending goods and services. That means that there’s been a problem plaguing society since, basically, the beginning of time – what happens when someone borrows, but can’t pay it back? The ...
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Tricks to Rebuilding Your Credit After Declaring Bankruptcy
After declaring bankruptcy, your credit score will be seeing new lows. Some people find this extremely discouraging. It can easily be taken negatively, but when weighed against the benefits offered by filing, there’s no comparison. The best approach is to know before you file that you are going to immediately ...
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