Debt Settlement — Why the Critics Are Wrong After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That’s the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh start in bankruptcy court. […]

Is Filing For Bankruptcy The Solution? Bankruptcy may seem to be an easy solution for major financial problems. But it is always better to avoid filing bankruptcy at all cost and to turn to it only as a last resort. Once you file for bankruptcy, this point will remain on your credit record for ten […]

Bankruptcy Lawyer – Why Need One? If a debtor decides a voluntary bankruptcy, then he’s the one who sets-off the bankruptcy. If his creditors or the court initiates an involuntary bankruptcy, then a good bankruptcy lawyer takes the bankrupt’s problems dealing with every aspect of the bankruptcy. Either way, there is a need of a […]

The Possibility of Car Loan while in Bankruptcy Can one still afford to have a car loan while in bankruptcy? The answer is yes. Although for some it is quite impossible. Under the Bankruptcy Law, a person could file for Chapter 7 and Chapter 13 bankruptcy. Either way, that person could still be able to […]

Which Debt Reduction Strategy Is Right For You? Getting into debt these days has become very easy. Credit card companies bombard us with offers in our mailbox, ads on TV, promotions in stores. If you can sign your name, it seems like you can get credit. But what happens when you use so much credit […]

Bankruptcy Records There are a lot of people who every year find themselves in the grip of filing for bankruptcy. For many of these people, it can be a humbling and depressing time. Americans don’t like to lose and they don’t like to feel less than others around them. Still, for many people, it is […]

Bankruptcy Mistakes To Be Avoided Statistics disclosed that every second man in United States is troubled with unpaid debts. It is not an uncommon occurrence to see people, debtors and creditors’ alike filing for bankruptcy proceedings. Although many solutions are available, solving debt problems is still a daunting task. To many financially distressed individuals, taking […]

Bankruptcy-Chapter 13 Or Chapter 7? The main purpose of bankruptcy laws is to give people hopelessly overburdened with debt a financial fresh start. Bankruptcy filings are public records. However, under normal circumstances, no one will know about the bankruptcy. Credit Bureaus will maintain a record of the bankruptcy and it will remain on the credit […]

Bankruptcy Fundamentals Bankruptcies can be called “reorganizations” or ‘liquidations”, depending on which type of bankruptcy you decide to do. Both a “Chapter 7” and a “Chapter 13” bankruptcy are federal court processes that are meant to assist businesses or consumers to get rid of their debt or to repay the debt with protection provided by […]

Unemployed Debt Consolidation Okay, did you wish on the fairy godmother to take away debts? You are doubtful if it will work– especially when you are unemployed. You are certainly not happy with the current circumstances. You want to work, have the ability to pay your own bills. Everyone wants that freedom and control. Debt […]