Posts Tagged ‘bankruptcy’

  When faced with a lot of debt and the desire to start off with a clean slate, many consumers will decide to file for bankruptcy as a last resort. However, not everyone is eligible for bankruptcy and for some filers, their cases are dismissed, and their debts are not discharged. Although bankruptcy dismissals can […]

Public records—which are issued by federal, county, and state governments—are legal documents that anyone can access. Some public reports can appear on your credit report, and as a result, can have a negative effect on your credit score while they’re there (usually seven to 10 years, depending on the item). The following are the examples […]

Whether you’re thinking about student loans to pay for your college tuition, or you’ve already graduated and have student loan debt to pay back, there is a lot to learn about student loans. Understanding certain aspects of student loans can make it easier to pay back your debt and can help you avoid defaulting. Some […]

       There are some common misunderstandings when it comes to credit, and it can be easy to become overwhelmed by all the different information that is out there. If you are just establishing your credit for the first time, it can be especially unclear as to what’s factual and what isn’t. This article debunks some […]

Some consumers will turn to bankruptcy to solve their financial woes, often as a last resort. If you’ve been seriously contemplating bankruptcy, you’ll want to carefully consider the negative repercussions first. While bankruptcy can potentially be the solution you’re looking for, you’ll want to keep some of the following drawbacks in mind: You may not […]

    Are your student loan payments becoming so overwhelming, that you’re beginning to fall behind? Student loans usually need paid back in full, but there is something called debt forgiveness, which can allow eligible borrowers to have all or a portion of their debt discharged. The following are some ways you may be able to […]

If you’re thinking about filing for Chapter 7 bankruptcy, the following information can help you learn more about the basics: How secured debts are handled If you have property, money, or assets that you’ve used as collateral in order to obtain a loan, that loan is a secured debt. Cars and houses are some common […]

Although there are different chapters of bankruptcy, Chapter 7 is the most common. It’s sometimes also referred to as a liquidation bankruptcy, which involves the sale of the filer’s non-exempt assets. A trustee handles this and takes any proceeds to pay lenders for any debts that the filer has accrued. If you’re thinking about filing […]

If you’ve fallen behind on your credit card payments, you’re not alone. Even if the minimums are somewhat low, having multiple accounts with bills coming in month after month can eventually be overwhelming. You may miss a few bills here and there, and then before you know it, the costs have added up and you’re […]

A bankruptcy case usually starts when someone files a petition with the bankruptcy court. A bankruptcy may be filed by an individual, a married couple, or a business or other organization. The filer is also required to include a statement that lists their salary, assets, debts, and the names and addresses of all lenders and […]