Tag Archives: Bankruptcy

IVAs Can Help Over-Indebted People To Avoid Bankruptcy

These days, financial problems that seem dire are anything but rare. More of us than ever before are finding ourselves struggling to stay afloat, and in many cases facing bankruptcy. However, if you’re in this position there are more options than you may have thought, as long as you get the right advice.

Working With Your Lender Refinancing Homes In Bankruptcy

There are a number of reasons why things do not work out as we plan for them to. While we may try to prepare as much as we can, there is rarely a good way to plan for the unexpected. Refinancing homes in bankruptcy is not a situation that anyone plans to be in, but it happens. Homeowners in tough times may find some solace in learning that they do have some options in order to avoid foreclosure in the case of bankruptcy.

Chapter 7 Bankruptcy Information: A New Start

From the beginning of America’s recent recession through the present day, there has been a lot of talk about debt and bankruptcy. Since it is perhaps the clearest way for debtors to get a clean slate and get on with their lives, there is a lot of Chapter 7 bankruptcy information that is helpful to know. Anyone in serious financial trouble, however, should definitely consider seeing a lawyer that specializes in bankruptcy law. That being said, what does Chapter 7 bankruptcy mean for debtors and who can apply for it?

2009 Bankrutpcy Filing Increases

Personal bankruptcy filings sky-rocketed in 2009. In fact, some have reported that bankruptcies filed by individuals have risen by over 30%. With the current economic climate, it should not be a surprise as more Americans face serious financial hardships. With unemployments on the rise and home foreclosures continuing to climb, it is expected that more people will make the difficult decision to file bankruptcy.

5 Of The Most Common Myths About Bankruptcy

Misconceptions about bankruptcy and what it means to file are prevalent. Here are 5 of the most common misconceptions people have about the process.

Pros and Cons of Chapter 13 Bankruptcy

Chapter 13 bankruptcy is different from a Chapter 7 liquidation, in that you file a repayment plan to help manage your debt.

First Consider The Negative Effects of Filing Bankruptcy

Before you consider filing personal bankruptcy, it’s important to get the whole story on the negative effects of bankruptcy. I went through bankruptcy four years ago, and I am still sorry I did it.