Buying Homes With Bad Credit

Bad credit can happen to anyone in life. It could be related to a bankruptcy. In case you have gone through a bankruptcy there is no cause to despair as millions of Americans are in the same boat with you. Thus though you have bad credit you can still buy a home. When buying a home with bad (read on...)

Secured Debt and Filing For Bankruptcy

There are two forms of debt, and some very effective ways to eliminate them. That’s what this article is about: what secured and unsecured debts are, what bankruptcy is, and how to file to effectively discharge all your major debts. This guide defines key terms in order to make the process (read on...)

Foreclosures and Bankruptcy

Failure to pay your mortgage payments on time can make your home vulnerable to being foreclosed on. Foreclosure is primarily the means by which a mortgage holder, usually the bank, starts the process to take control of the real estate for which he has given you the loan. Most consumers (read on...)

Tips For Filing For Bankruptcy

Bankruptcy is when a person or business cannot financially sustain the cost of debts incurred over a period of time. This can occur due to a loss of job, a disability, bad business plan, and, most recently, an ailing economy. Even thinking about filing for bankruptcy can be very disheartening (read on...)

Advantages and Disadvantages of Bankruptcy

Life often brings circumstances beyond our control which force us into a financial corner and no matter how hard you try, it just never gets easier. If you’re unable to pay your bills when they are due and you’ve tried everything possible to get back on your feet, it may be time to (read on...)

Here Come Collections (Collection Letters) – What to Do?

There are, at least, three sources of collection letters: from the original creditor, the collection agency, and then from an attorney (hired by the creditor or the collection agency). Several weeks after a bill is not paid, the consumer can expect the creditor to write a polite letter saying (read on...)

What Does a Trustee Do in a Chapter 13 Bankruptcy?

If the court approves your Chapter 13 filing, you will be assigned a trustee. The trustee is the person to whom you will pay the amounts agreed upon in your repayment plan submitted to the court. The trustee uses the money that you pay him to repay the creditors as specified by your plan. He also (read on...)

Bankruptcy Versus Debt Consolidation – A Clear Choice

A recent New York Times article exposed the grave pitfalls consumers are facing, lured by debt consolidation companies that advertise aggressively. The pitch is simple: “Don’t file bankruptcy. Instead, pay money to the debt negotiation company, which negotiates lower payments or lump (read on...)

What is Chapter 7 Bankruptcy?

People often ask the question of what is Chapter 7 bankruptcy? Chapter 7 and Chapter 13 bankruptcy are the two most common types filed. Before you even consider filing for Chapter 7 bankruptcy it is essential to research and become more educated so you can understand whether or not this is the (read on...)

Pres Obama Forced to Suppress Secrets About Bankruptcy and Credit Card Debt Bailouts to the Public

Bankruptcy and credit card debt bailouts are not high priority items for Pres. Obama who has his hands full with wars, oil spills and other high-priority issues. Even if he could take two minutes of a news conference to announce bankruptcy is no longer an issue for any American and credit card (read on...)