Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.
Do you know what bankruptcy is? If you do not, then you should be informed that personal bankruptcy is a situation that is often caused by abrupt changes in the financial situation of an individual because of medical emergencies, divorce, unemployment, or debt. Filing for bankruptcy must be thought over as a responsible step towards […]
It is extremely easy to get into a cycle of debt that gets to be so deep that they can not find a way out of it. Credit card companies approve thousands of applications each and everyday. They even approve applications to people who already have bad credit. The reason they do that is they […]
Laws regarding Bankruptcy The Bankruptcy Law is set to eradicate the common liabilities and paying off unnecessary debts. These set of laws are standard for any states or countries. It is divided into chapters that have different provisions. As per the laws the person filing the case of bankruptcy needs to have his properties viewed […]
The decision whether to file bankruptcy requires you look at alternative ways of achieving your goal to be financially free from debt. There are several approaches and each achieves the result you’re looking for, with varying effects on credit scores. Debt Repayment seems like a no brainer and it’s what we should all strive for […]
In today’s digital age, technology has lowered the barrier to obtain information. Today, individuals are able to verify professional credentials, individual identities, business affiliations and tax IDs. In addition to verifying identities, research of public records can more easily be conducted. This is accomplished through business information services. There are several types of business information […]
Bankruptcy is a state of being completely unable to pay your debts and is broken down into two categories: Voluntary Bankruptcy and Involuntary Bankruptcy. The objective in both cases is a fair settlement of claims and distribution of assets. Filing a petition is the first step in the bankruptcy process and stays on a person’s […]
Life comes with many twists and turns and most times we aren’t as prepared for the unexpected as we thought. There are times when bills are much more expensive than anticipated. Debts can be incurred for many different reasons. The reasons are as vast and varied as each individual that experiences debt. It can become […]
In bankruptcy Chapter 13 mortgage foreclosure is either stopped or at least temporarily avoided. Here’s how. First, just in case you are not familiar with a Chapter 13 bankruptcy, it is a bankruptcy court approved payment plan where the debtor (the person filing bankruptcy) pays a bankruptcy trustee each month and then the trustee pays […]
Filing for bankruptcy is a serious decision and you have to be very careful in your approach towards the same. The procedure is a bit complex. Therefore, make sure that you follow the following do’s and don’ts: The Do’s Following are some important things that you must DO. You must take your case very seriously. […]
A few years ago people viewed personal bankruptcy as a problem for the poor people of the country. However, since the economic crisis in the year 2008, this legal matter has taken a new face. There are people who reside in the United States with 5-6 figure incomes filing for bankruptcy because of blunders or […]
