Learn About Bankruptcy
To say that bankruptcy negatively affects a family unit and its individual members would be a severe understatement. Bankruptcy is an incredibly stressful event and can affect a family financially, emotionally and physically if steps are not taken to...
It can take a number of years to fix your credit after filing bankruptcy but it's a necessary step because of how important your credit history and credit score are to daily life. Many employers will not hire you for a job and landlords will not rent...
The primary causes of consumer bankruptcy are the usual suspects like divorce and job loss. A more recent cause is substantial medical bills while not having the benefit of health insurance. And unfortunately, a common cause of personal bankruptcy is...
Bankruptcy is a legal process and its goal is to eliminate all outstanding debt or to reorganize the debt in a manner which allows the borrower to repay loans under court provided terms. Which type of bankruptcy you choose will depend on your current...
Bankruptcy is always the option of last resort for consumers and businesses because while there are financial implications it also takes an emotional and personal toll for those involved. When bills are being left unpaid and there are no longer finan...
Filing for bankruptcy is not a guarantee that you will successfully be able to discharge debt or other obligations in a bankruptcy procedure. The only thing filing for bankruptcy does is allow you to get the ball rolling and present your case in cour...
Declaring bankruptcy can have many significant negative implications for both the person filing bankruptcy as well as loved ones. The stress on the family resulting from bankruptcy can often result in divorce or, at a minimum, extreme resentment and ...
Consumer bankruptcy can strike any consumer at any time sometimes due to financial mismanagement and poor decision-making but other times through no fault of their own. Personal bankruptcy should always be considered an avenue of last resort due to t...
Filing for bankruptcy should always be considered a last resort after all other possible solutions have been exhausted. As of October 2005, new Federal laws were passed which has significantly changed the entire process for filing for bankruptcy. A...
A home equity line of credit, also known as a HELOC, is an additional loan taken against equity built up in a house and secured by the home itself. The financial institution which provides the home equity line of credit will often take a lien agains...
Learning how to build credit after bankruptcy is not as difficult as you may fear. Bankruptcy is not the end of your financial life -- in fact, if you see it as a new beginning, your positive attitude will only bolster your coming success in the fina...
Correcting errors on your credit report after a bankruptcy is a key to overcoming credit problems. Sometimes, credit reports will continue to show delinquent accounts as "open and overdue" -- even when these accounts were closed and the obligations t...
When people ask me how to file for bankruptcy the first thing I always tell them is to avoid bankruptcy at all costs. To many people bankruptcy seems like such an easy way out but that is a very short term view of the process. Bankruptcy my relieve...
Things have changed a lot over the years and while the government continues to try and keep up with our changing society to make things fair for everyone there are still practices that go on every day that seem unfair, and probably are unfair, but th...
Bankruptcy is not the end of the world. Depending on the type of bankruptcy you went through you can get back on your financial feet within a couple of years but it takes hard work and dedication to bettering yourself. Credit repair after bankruptc...
Bankruptcy is the legal process in which a person declares their inability to pay debts. It is a condition of financial insolvency in which the person's debts exceed their assets and they have no other way out of their debt but to file for bankruptcy...