Bankruptcy Articles - Articles

Filing Personal Bankruptcy

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

Bankruptcy is a lawful course of action which allows individuals who are unable to reimburse their debt a new beginning. A choice to file for bankruptcy is a decisive step. Debtors should consider all their financial alternatives before they file in for bankruptcy. It is not a small step and it has very strong and lasting consequences. One of the major drawbacks is that it remains in the debtor's credit file for ten years, creating a negative impact for the many years, even after the debt has been dealt with.

File Bankruptcy (Chapter 13)

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

While bankruptcy seems like an easy way out for some people there are a lot of things to consider before you file bankruptcy. The process is not always the same and it depends on who is actually filing. If a person or an individual files bankruptcy the process is completely different than if a business files for bankruptcy. For example, a business cannot even file for Chapter 13 bankruptcy. Instead the business must file a Chapter 11 bankruptcy.

Bankruptcy 101: It is 2006, Stay Informed

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

The Basics

I know most of you know about bankruptcy, for those of you that do not, here are some basics. Generally, filing bankruptcy allows people who are having financial difficulties to wipe out their debts, which can provide them with a fresh financial start. There are several events that can take place to force people to take the path of filing for bankruptcy. Some events may include divorce, unemployment, lawsuits, foreclosures and credit card debt.

Personal Bankruptcy - If It''s Unavoidable, File Now

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

The Bankruptcy Abuse and Consumer Protection Act, signed into law by President Bush last April, promises changes to Federal bankruptcy law that have been long sought by the lending industry. The bill promises sweeping changes to Federal law, and will make it much harder for the average consumer in financial trouble to have their debts wiped out by filing for bankruptcy. Recent trends suggest that those considering a bankruptcy filing should do so now, as the line to do so is already getting rather long.

2005''s Bankruptcy Laws Make Filing More Difficult

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

It used to be that you could simply file for bankruptcy if you got into too much financial trouble. Or at least that was the mindset of many consumers in the U.S.

Despite the 2005 changes in bankruptcy law, many consumers still think that if all else fails, they can simply file for bankruptcy. That isn't always the case now.

Refinancing Your Mortgage After Bankruptcy!

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

Getting back to normal after filing bankruptcy can't come fast enough, especially when you own a home. Two years ago I began working with bankruptcy clients who wanted to take advantage of lower interest rates. I spent months working with banks and new wholesale lenders trying to find the best deals possible. I invested countless hours helping clients scrub their credit reports in hopes of raising their scores. With a little patience and allot of elbow grease I have been successful in helping clients ravaged by bankruptcy get a fresh start. I have found there are three main ingredients necessary for a client to get refinanced.

Do You Have an Alternative to Bankruptcy?

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

Bankruptcy has gotten more difficult with recent legislation, yet many individuals and their attorneys often turn to bankruptcy without exploring the alternatives. Bankruptcy is a major decision that will have a big impact on your life. It's not a quick fix, and it's best to take a close look at all the options before moving forward with a bankruptcy filing.

Bankruptcy Alternatives Explained

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

There are many steps you can take in efforts to improve your credit, eliminate your debt, and avoid bankruptcy. Which should be the ultimate goal of all people, while bankruptcy is an excellent method of helping you clear up your debt, it should only be used as a last resort. Bankruptcy remains on your credit for up to ten years and it could result in the inability to retain any other type of credit until it has been removed or several years has passed.

A Guide To Chapter 7 Bankruptcy

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. A declared state of bankruptcy can be requested not only by creditors in an effort to get what they are owed but also by the insolvent individual or organization. If it is difficult to repay debts, declaring the bankruptcy may be the right solution to debt problems.

Bankruptcy Lawyer: Your Final Solution When Running Out Of Options

Super Admin — Tue, 08 Aug 2006 00:00:00 CDT

Before rushing to a lawyer to assist you in filing for bankruptcy, you have to make sure what is bankruptcy and what is not. Only then will you have to find a bankruptcy lawyer that you can work with in filing your case. Many people rush to file for bankruptcy thinking that it will solve their financial problems. The opposite is often true.