Archive for September, 2008

Bankruptcy Laws

In 2005 the U.S. was implemented with new bankruptcy laws that passed congress. Before that time, filing for chapter 7 bankruptcies was an easy way out of financial obligations.
Many people spent years being careless with their credit and debts because it could be fixed with a quick filing for bankruptcy.
Now that the law has changed, [...]

Credit After Bankruptcy

People considering bankruptcy have many questions regarding how future credit will be affected. Some think that it will be 10 years before they can get credit again, or that they will never get a credit card after their bankruptcy.
Common questions debtors have are usually about keeping current credit cards, establishing new credit and buying a [...]

Chapter 13 Bankruptcy

While filing for bankruptcy, there are several codes, which an individual can file under. One such chapter is 13, which allows the debtor to keep property and pay the debt off over time.
The debt is usually paid over a three to five year period. This chapter is usually chosen by those who have a [...]

Tips To Avoid Bankruptcy

When individuals or businesses cannot meet with their financial obligations, many make the assumption that the only solution is bankruptcy. That is not always the case though.
If the right steps are taken from the beginning, you can keep yourself and your family out of financial trouble and away from bankruptcy.
First off, start by educating your [...]

Pre-Bankruptcy Counseling

With the new law passed in 2005 in regards to the filing of chapter 7 bankruptcy, it became law that anyone filing must first get pre-bankruptcy debt counseling.
The debtor must get counseling and certification from a non-profit credit-counseling agency before the forms can be filed for your bankruptcy.
This usually entails one or more counseling sessions [...]