Bankruptcy court cases are not easy. Most people are under the impression that bankruptcy is an open and shut case. You tell the court you are broke, they check and find out it if it is true and then the court declares the consumer bankrupt. The fairytale ends with a happy consumer whom is free [...]
Here is some news for consumers who falsely believe that filing for bankruptcy will wipe your slate clean of creditors attempting to recoup their money. Under Bankruptcy Code 523 there are a number of debts that will remain the responsibility of the debtor, even if, he/ she successfully files for bankruptcy. Among these exceptions include [...]
The section 302(a) of US Bankruptcy Code allows for married couples to file for joint bankruptcy. This special clause can be very beneficial to couples who need to file for bankruptcy because, although, these are two different bankruptcy cases, they would be treated as one in the eyes of the Court. As a result, there [...]
Joint bankruptcy is when a husband and wife file for bankruptcy together or “jointly.” Before you decide on whether you should file individually or joint, you need to look up the pros and cons of the situation as well as, keeping in mind what your ultimate long and short term financial goals are. The Disadvantages [...]
If you are filing bankruptcy in Oregon you will need to know to what extent this law will provide relief, and what loans are not covered under this law. Filing bankruptcy in Oregon is a good option if any of the following statements apply to you: - Your bills are too long overdue and you [...]
Most people do not really understand the full implications of bankruptcy. The reality is that bankruptcy is not a new bed of roses, although someone in deep financial troubles can perceive this relief as such. First of all, not everyone will qualify for bankruptcy. After the bankruptcy laws were amended in 2005, there were many [...]
It is a myth that bankruptcy solutions will cover all financial problems. There are many debts that bankruptcy will not resolve. Before you declare bankruptcy, you need to be aware, which of your debts will not be covered under bankruptcy relief. Some debts that will not be covered are: 1. Student loans – This loan [...]
We hear a lot about debt counseling and everyone can agree that it is a good service to utilize in theory. Most credit repair agencies offer debt counseling for free making many consumers question its actual value. People who hire credit repair agencies feel that they are buying services only to eliminate their debt and [...]
This is a question that many people ask themselves without any real hope for an answer – “how do I clean up my credit report?” Do not worry – you are not alone when asking this question, there is a way out for everyone. The trick is to seek out the proper guidance and begin [...]
Yes, it is. In fact, identifying areas for dispute on a credit report is one of the most important facets of credit repair. Why is this necessary? Think of the errors that creep into your credit report as a leaking bucket. If you do not fix the hole, you will lose precious water and never [...]
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