People living with debt that they can’t handle have a few options to choose from. They can contact a debt or credit counsellor and try to work out a debt settlement plan. If this don’t work, bankruptcy is the ultimate option. Unfortunately there may come a time in your...
There comes a time when many people have no choice but to seek bankruptcy protection from their creditors. If going through a debt consolidation specialist does not result in payments low enough to maintain a reasonable standard of living. When debts are overwhelming,...
When an individual files bankruptcy they are required to take a credit counseling course. Credit counseling must be completed through an agency that is approved by the United States Trustee’s office before any person or business entity will be entitled to file for a Ch...
When looking for a credit card after bankruptcy, you may receive piles of credit card offers from different companies, and choosing the right card can be a daunting task. The most important question that comes to mind is whether to go for a secured...
Chapter 7 bankruptcy is also known as straight bankruptcy and is a process of liquidation in which the debtor turns over all non-exempt property to the trustee of the bankruptcy proceedings. The trustee will, in turn, convert it to cash and distribute the proceeds to c...
When there's no other way for you or your business to remain afloat, then you should consider filing for bankruptcy. It offers businesses and individuals alike a fresh start while providing the opportunity to settle all fiscal obligations by legal means.
Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. If it is difficult to repay debts, declaring the bankruptcy may be the right solution for debt problems. A declared state of bankruptcy can be requested not only by credit...
