When it comes to bankruptcy, the general perception of it is that it’s a bad thing, which is not an unexpected reaction. Bankruptcy has severe consequences when it comes to your credit, no doubt, but it is also the lifeline that can rescue you from the depths of that, which […]
Filing for bankruptcy is often thought of as an extreme measure. But truth be told, sometimes it is the only way out. People are afraid of bankruptcy claims due to the many myths surrounding it, but you should know better: bear in mind that myths are just myths. The best […]
Nobody ever plans to file bankruptcy. However, there are often circumstances beyond your control that may have lead you to file. Bankruptcy has a lasting impact on your financial situation for approximately seven to ten years.One of the hardest things to do is get on with your life after you […]
When it comes to reestablishing your credit after a bankruptcy, the first thing that you must consider is how long you should wait. Not everyone’s circumstances are the same; some will not have the extra income to take on debt, some will still be repaying old debt based on their […]
Did you know that there are millions of people who are trying to take the right steps to recover from bankruptcy just like you? Statistics are showing that the bankruptcy filing rate has gone up to 50% and is only going to continue to rise as interest rates rise as […]
Individual Voluntary ArrangementThe first thing to do when considering an Individual Voluntary Arrangement is to have a meeting with an Insolvency Practitioner. This meeting can either be face to face or over the telephone.The meeting is to determine whether or not an IVA is a suitable option for resolving financial […]
No matter what your current financial situation you are currently in, it is important for everyone to understand how to avoid bankruptcy and make financially smart decisions to keep your good credit and maintain a sense of financial stability for the long term. Bankruptcy can have long term and harmful […]
Getting into a situation were you have to file for Bankruptcy can be a daunting task and it is important to know some information before you file. When you file for a Bankruptcy it should really be your last resort because after you have a Bankruptcy on your credit record […]
While filing bankruptcy, many people do not know that how the court will treat their cars – probably the most beloved asset for anybody after their home. Well, there are several factors that have to be considered in order to find out that what will happen to your car. The […]
Today, there are greater choices than ever of loan programs, for people with bankruptcies or other credit issues. Bankruptcy no longer has to get in the way of obtaining a mortgage.Traditionally, homeowners who filed a Chapter 13 Bankruptcy had limited options to refinance to lower their payments and otherwise improve […]