Tag: filing for bankruptcy Archive
Preparing for Bankruptcy: Voluntarily Closing Credit Accounts
If you feel you are considering preparing for bankruptcy, you should read testimonials submitted by other bankruptcy petitioners. You should also read material regarding the process of bankruptcy. You should know who the bankruptcy trustee is and what their job is in relation to your bankruptcy case. You should know all ...
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Home Equity and Filing for Bankruptcy: Limited Protection for the Equity in Your Home
Before filing for bankruptcy, you’ll want to educate yourself on the laws concerning home equity and filing for bankruptcy. Due to the limitations on how much of your home’s equity can be protected through Chapter 7 bankruptcy (limitations vary by state), some bankruptcy petitioners find themselves in need of some ...
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Bankruptcy and Credit Cards
When considering options prior to filing for bankruptcy, there is one basic concept that is frequently overlooked: ALL debt should be included in your bankruptcy filing. This holds true for bankruptcy and credit cards as well. Even after the question has been asked and answered many potential bankruptcy filers have ...
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Bankruptcy in the Military: Does Filing For Bankruptcy Hurt My Chances?
is not unheard of – filing for bankruptcy will not preclude your enlistment, but negative financial circumstances could do it. To join the military, certain financial standards have to be met. A bankruptcy in your past will not prevent you from joining on its own, but the circumstances that led ...
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Bankruptcy Eligibility: Do I Make Too Much Money?
If you are worried about whether or not you make too much money to file for bankruptcy, you should make an appointment to discuss it in detail with an experienced California bankruptcy attorney. There are some guidelines that you can consider in order to get an idea of whether or ...
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Becoming Debt Free: Your Third Step
The third step in becoming debt free is to file for bankruptcy. The fact that they call it “filing” takes away from the excitement of the idea, but it’s a big day for you! Your bankruptcy attorney will file your bankruptcy electronically so it can be submitted anytime 24/7. The ...
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The First Step in Becoming Debt Free is to Find a Bankruptcy Lawyer
Far too many New Year’s resolutions are related to improving the financial situation. If you find yourself making the same resolution to get out of debt year after year with little to no change in your total amount of debt, it’s time to approach it more practically. The first step ...
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Bankruptcy Proceedings: Does Filing for Bankruptcy Mean I Have to Go to Court?
Bankruptcy is a legal process so it’s not surprising that many consumers considering filing Chapter 7 or Chapter 13 worry about what will be required of them. First and foremost at the top of the anxiety list for many is one question: Will I have to go to court during ...
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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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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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