After bankruptcy, how to rebuild credit is usually the most important concern you may have. What are your options if you want to rebuild bad credit after filing for personal bankruptcy? Read more »
Do You Really Need A Bankruptcy Lawyer?
One of the biggest obstacles to filing for personal bankruptcy are the legal costs. The fees charged by the court are under $500 in total, but bankruptcy lawyers will charge you an additional $2,000 or more for services to file for bankruptcy. If you’re too broke to pay your credit cards and loan payments, how [...] Read more »
Chapter 7 Bankruptcy Information: What You Need To Know
This is the chapter that most people would probably like to file under, since it will wipe your slate clean so to speak of all debt. Chapter 7 is also called "Liquidation" because your assets will be liquidated, or sold, to pay your debt. Read more »
Can Bankruptcy Stop Foreclosure?
So many Americans today are facing financial trouble, and that means they are in danger of losing the one thing they worked so hard for – their home. Many times, when facing foreclosure, a homeowner may consider bankruptcy, as there is question whether bankruptcy can stop a foreclosure. Here are some points to think about. [...] Read more »
Which Is Worse: Bankruptcy Or Foreclosure For Your Credit Score?
If you have been thinking of filing personal bankruptcy, you’ve probably thought about what the long term impact of bankruptcy will be. A big issue that many people are concerned about today is foreclosure, especially which is worse, bankruptcy or foreclosure, for your credit score. Yet bankruptcy and foreclosure are very different, and hard to [...] Read more »
Who Is Eligible to File Chapter 7 Bankruptcy?
Chapter 7 bankruptcy can provide for a financial fresh start to those who use its power to rid themselves of creditors harassment and headaches - but not everyone is eligible to file for Chapter 7 bankruptcy protection. The following requirements must be met in order to file a Chapter 7 bankruptcy: Read more »
File Chapter 7 Bankruptcy and Keep Your Home
A Chapter 7 bankruptcy is also known as a liquidation bankruptcy. This means that any property that a Chapter 7 filer has that is not exempt may be liquidated or confiscated and sold to pay off debts. Read more »