Buying a car after bankruptcy can cost you a bundle if you’re not careful. With a bankruptcy stamp on your credit report, you’re considered a high risk investment by most banks and financial institutions. So, what do you do? You do your homework well! Find the dealers that gives the best price for your chosen [...]
The best bankruptcy advice I received was DON’T DO IT. But, it’s not always that easy and often you’ll give in to the pressures that accumulate on your mind and finances when you are going through a massive crisis. Let’s say, that you have already considered all there is to consider and you cannot but [...]
Most people will tell you that bankruptcy solutions are to be avoided at all costs, and this is true to some extent. However, there are times when some of these solutions could give you just the right platform to bounce back to a healthy financial status. Bankruptcy solutions are best considered when you are going [...]
Yes, indeed. The answer to the question, “Does bankruptcy stop foreclosure?” is yes. Under the law, a federal injunction instantly comes into effect the moment you declare bankruptcy. Once this is done, you have a few choices – such as Chapter 13, which allows you enough respite to catch up with the defaulted payment schedule. [...]
Many people feel that the “do it yourself bankruptcy” option is brilliant, because it saves you money at a time when you have precious little. Experts say that such a step might cost you more than you would care to imagine. A professional specializing in bankruptcy will always guide you better, and negotiate better terms [...]
There is no right answer to this question, because the right answer depends upon your circumstances and payment capacity. There are many laws that protect people who are on the verge of bankruptcy such as Chapter 7 and Chapter 13. When you ask yourself, “Should I declare bankruptcy?” ensure that you have checked out all [...]
If you ask me, you should never file for bankruptcy. The fight for staying on the top is well worth it when compared to the shadow that will loom across your credit report for 10 long years after you declare bankruptcy. Whether you’re a small business or this is a personal financial crisis, you should [...]
You’ve suddenly realized that you’re ruined financially and there is no way out. Instead of panicking, why not look up a hotline for free bankruptcy advice? There are many free such hotlines in every state across the USA; all you need to do is run a search on the Internet for it. Before you take [...]
In 1998 the law changed in regard to bankruptcy and student loans. It’s no longer possible to file for bankruptcy and wipe away student loans. Now you need to prove that the repayment will cause undue hardship to you and/or your family before the bankruptcy clause will become applicable in your case. “Undue hardship” in [...]
Most people if asked will reply that they know the real implications of bankruptcy. One direct outcome will be that obtaining loans will become very difficult. Another will be that the interest charged for any loans will be ridiculously high. A third aspect will be that obtaining a credit card will not be as easy [...]
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