Category Archives: Bankruptcy

Don’t Need to be a Citizen For a Bankruptcy Filing

Many people wonder if they need to be a citizen of the United States to file a bankruptcy case in the United States. No, you don’t have to be a citizen to file bankruptcy in the United States. You have … Continue reading

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Choosing Bankruptcy For Credit Card Debt Elimination

One of the downsides of Chapter 7 Bankruptcy is the liquidation of assets by the trustee to pay creditors. Basically, any kind of property that can be sold will be sold to cover debts. This can be hard to overcome … Continue reading

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Reasons For Bankruptcy

There are many reasons why individuals decide to file for bankruptcy. Unexpected medical bills, a job loss or difficult divorce can quickly put a strain on a person’s budget. Money goes out faster than it comes in. Checks start to … Continue reading

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Being Debt Free And Your Credit After Bankruptcy

Repairing your credit after filing bankruptcy is not impossible and some companies online offer these services as well as tips on how to perform self-credit repair. The main goal when trying to perform credit repair is to keep in mind … Continue reading

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Chapter 13 Bankruptcy Might Save Your Home

Most mortgage lenders have set rules about how long a person can miss payments before getting threatened with foreclosure. Likewise they have guidelines outlining the ways a person can stall the foreclosure process. Foreclosure solutions that are ethical include non-profit … Continue reading

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Chapter 13 Bankruptcy Is A Reorganization Chapter

A Chapter 13 bankruptcy is a reorganization chapter. The debtor’s obligation to old creditors is measured by what’s left in the budget after paying current living expenses. If you can’t pay both this month’s cost of living and make the … Continue reading

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Credit Cards Forcing Many into Bankruptcy

There has been a number of factors that are thought to be responsible for the steady increase in the rate of bankruptcy filings in 2010. Back in 2008, bankruptcy filings were peaking at 3500 per day and was a call … Continue reading

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Chapter 13 Bankruptcy is One Type of Personal Bankruptcy

When a person has too much equity in his home or other property, he shouldn’t file Chapter 7  bankruptcy because his assets may be liquidated to pay the creditors. Under Chapter 13, the filer can keep his property and files … Continue reading

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Chapter 7 and Chapter 13 bankruptcy are Common

When people decide they need to file for bankruptcy, they need to decide which chapter to file. Filing Chapter 13 bankruptcy is a legal means of resolving personal indebtedness, preferably when other avenues have been exhausted. Debtors who file petitions … Continue reading

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All About Chapter 7 And Chapter 13 Bankruptcy

Filing for bankruptcy is usually one of the last resorts for those facing debilitating financial circumstances. It is generally the last thing anyone wants to do who has tried to protect their financial investments, credit histories and future fiscal stability. … Continue reading

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