Bankruptcy

People who’re swimming in debt may benefit from filing for bankruptcy. A person who takes advantage of this opportunity will have the benefit of an automatic stay, which is a court order that halts collection attempts by creditors. The automatic stay, garnishments and...

Filing for bankruptcy protects you from high debts and lawsuits. Thus, it's vital to know when you should file for one . Nonetheless, some people overlook filing for bankruptcy, resulting in more trouble that they could have avoided if they had acted sooner. Here are...

You may have heard horror stories about people losing job opportunities because they had bad credit. Now you may wonder how it will affect your job search if you file for bankruptcy. But bankruptcy doesn't have to be a roadblock to employment. Bankruptcy is more...

People who are considering bankruptcy have sometimes found themselves in a debt spiral. They never intended to be here, but it seems like their situation is just continuing to get worse. They are still trying to make their payments on time and to make wise financial...

Many people find their cars essential to allow them to earn a living. This is especially true for those who live in rural areas that lack a good public transport system. When they lack the funds to buy a vehicle outright, their only option is to get one on finance....

Exploring your options for debt removal may have led you to decide on filing for bankruptcy. You may have found that most people file for either Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy, as you may already know, is a liquidation plan, which allows you...

Few people manage to survive on cash alone. Most rely on their credit score to borrow money. A good credit rating can help you do a lot of things. For example, buying a home, starting a business, paying for medical treatment or mending the car so you can get to work....

Many people who find themselves facing bankruptcy will blame credit cards. They will say that they simply spent too much money, they got in debt and they have no way to get out of it. If they use Chapter 7, they want to eliminate that debt, or they want to use Chapter...

Filing for personal bankruptcy has two options - Chapter 7 or Chapter 13. Understanding the differences can help you to make the best choice. Here are some things to consider: Only Chapter 7 can wipe your debts This is why many people instantly assume that Chapter 7...

The lender that financed your home purchase technically has an interest in your property until you completely pay off your existing mortgage. If you miss a few payments, you may face aggressive collection efforts, which make culminate in foreclosure proceedings. Your...