Filing for bankruptcy is one of the scariest things that one can ever do. Among the things that can force somebody to file for bankruptcy include large medical bills, unemployment, a massive amount of debt, or even marital problems. Since filing for bankruptcy is not a matter that can be […]
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Applying for a Credit Card after Filing for Bankruptcy
After your file bankruptcy, you can expect your credit score to suffer. There’s nothing you can do about it, because that’s just how the system works. On the other side of the coin, don’t feel like you are going to be completely without options as far as getting a credit […]
Your Business Is Struggling with Debt? Consider Your Options For a Fresh Start When Filing for Bankruptcy
The idea of filing bankruptcy may be scary. For many people, they may fear that taking such an action will be admitting failure, or that it will negatively affect their credit rating on a permanent basis. Neither of those fears are based in fact. In fact, bankruptcy laws were enacted to help […]
Filing For Bankruptcy: When The Means Test Becomes An Issue
After staring at your financial records for hours on end, you are finally prepared to face the truth. Your considerable financial debts have not been assuaged by the budgeting acrobatics you have attempted to employ during the past few months. The burden of debt still looms, just as dark and […]
What Bankruptcy Can & Can’t Do for Personal Finances
Bankruptcy can do many things for your personal finances. Chapter 13 can do even more than Chapter 7 for many individuals. However, bankruptcy is not always the best solution or a complete solution to debt problems. You should learn everything you can about bankruptcy options and alternatives to bankruptcy before […]
Steps of the Adoption Process – How to Get Started
If you are considering adopting a child, you need to be aware that it’s not all sunshine and rainbows. While you will be giving a child in need a new home and thus expanding your family, there are many obstacles you will have to go through in order to make […]
How To Fix a Poor Credit Score after Bankruptcy Hits You
Filing bankruptcy is an indication that you have two things to worry about - 1) How would you recover your financial status? and 2) How would you rebuild your credit score? Every problem has a solution and speaking of your worries, well how about you begin with healing first. Healing […]
Bankruptcy 911: Steps to Take
Not only does filing for bankruptcy often carry with it a certain social stigma, but it is a painfully drawn out process as well. Whether an individual or family is looking to liquidate all assets through a Chapter 7 filing, or adjust their debts with a repayment plan via Chapter […]
Taxes and Bankruptcy in the News
Not long ago the comedian known as Sinbad (a.k.a David Adkins) filed for bankruptcy. ABC News reports that Sinbad failed to pay state and federal taxes in the past and, as a result, was forced to seek bankruptcy protection. This will be Sinbad's second bankruptcy filing, the first one occurring […]
Understanding the Basics of Personal Bankruptcy
Bankruptcy is a legal process whereby a debtor obtains a "fresh start" from his or her creditors. The United States Constitution grants Congress the exclusive power to make bankruptcy laws. This means that even though most business disputes, such as breach of contract, are governed by the laws of a […]