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Tips On Avoiding Subprime Lenders After Bankruptcy

Many debtors are surprised that after their bankruptcy is discharged they find themselves receiving many credit offers.  Credit card companies, car loan lenders and even mortgage finance companies will send post-bankruptcy debtors credit offers hoping to capitalize on their clean financial slate.  But beware; many of these creditors are subprime lenders who prey on people [...]

By |2018-11-13T21:23:56+00:00June 22nd, 2010|After Bankruptcy, Economy, Managing Your Finances, Subprime Mortgages|Comments Off on Tips On Avoiding Subprime Lenders After Bankruptcy

More Credit Card Companies Exploit CARD Act Loopholes

When the Credit Card Accountability Responsibility and Disclosure (CARD) Act was enacted it was designed to put an end to some of the practices used by credit card companies that negatively impacted consumers.  But now that three months has passed since the CARD Act was signed into law, many debtors are still finding themselves exploited [...]

By |2018-11-14T17:44:33+00:00June 21st, 2010|Economy, Managing Your Finances|Comments Off on More Credit Card Companies Exploit CARD Act Loopholes

Three Ways Debt Settlement Companies Can Ruin Your Finances

Debt settlement is becoming very popular now that the recession is stretching into its third year.  One of the appealing aspects of the debt settlement pitch is the idea that a debtor can pay only pennies on the dollar for a debt and avoid bankruptcy.  But the truth about debt settlement is that it rarely [...]

By |2018-12-13T09:17:52+00:00June 20th, 2010|Bankruptcy, Debt and Tax Relief, Debt Consolidation, Managing Your Finances|Comments Off on Three Ways Debt Settlement Companies Can Ruin Your Finances

When Chapter 11 Bankruptcy May Be Better For Investment Property Owners

While many individual debtors opt for Chapter 11 bankruptcy only when they have exceeded the debt limits imposed on Chapter 13 bankruptcy debtors, there are situations when filing Chapter 11 bankruptcy may be beneficial even if the debtor is well within the debt limits of Chapter 13 bankruptcy. Why a debtor may want to choose [...]

By |2018-11-12T22:56:46+00:00June 18th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Loans / Mortgages, Managing Your Finances|Comments Off on When Chapter 11 Bankruptcy May Be Better For Investment Property Owners

Furniture Factory Warehouse Files Chapter 11 Bankruptcy – Customers Empty Handed

Home furnishings retailer Furniture Factory Warehouse, which operates 12 stores in South Texas, has filed for Chapter 11 Bankruptcy protection due to unfavorable financial conditions and a consistent decline in furniture sales. The retailer has closed all of its stores and distribution facilities pending the bankruptcy court's approval of Furniture Factory Warehouse's "Bankruptcy Going Out [...]

By |2018-11-15T22:42:44+00:00June 16th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy, Lawsuits, Managing Your Finances|Comments Off on Furniture Factory Warehouse Files Chapter 11 Bankruptcy – Customers Empty Handed

Three Myths About Bankruptcy

Debt is big business.  That's why there are so many people out there invested in getting you indebted and keeping you that way.  One of the ways they do this is by spreading myths about bankruptcy, which is the only legal way to have your debts forgiven. Let's take a look at some of the [...]

By |2018-11-13T23:36:35+00:00June 14th, 2010|After Bankruptcy, Bankruptcy, Economy, Managing Your Finances|Comments Off on Three Myths About Bankruptcy

How To Prevent Job Loss Related Financial Disaster

The official national unemployment rate for the country is 9.7 percent.  Millions of Americans are out of work and trying to figure out how to survive without a job.  One of the biggest casualties of joblessness is not just the frustration and anger that accompanies fruitless job searches, but also the seemingly imminent financial disaster [...]

By |2018-11-14T23:06:08+00:00June 14th, 2010|Bankruptcy, Economy, Managing Your Finances, Unemployment - Job Loss|Comments Off on How To Prevent Job Loss Related Financial Disaster

Credit Card Act Restrictions May Create New Fees

Amid the new Credit Card Act which limits the credit card issuer's most profitable practices, many credit card companies are looking for new ways to generate additional income.  New credit card fees such as annual fees and new banking fees for checking account customers are just a couple of ideas that banks are implementing to [...]

By |2018-11-16T22:19:38+00:00June 13th, 2010|Credit Counseling, Economy, Managing Your Finances|Comments Off on Credit Card Act Restrictions May Create New Fees

Three Reasons Why Creditors Challenge A Debtor’s Bankruptcy

 When Creditors Challenge A Bankruptcy Filing While it doesn't happen often, sometimes a creditor may challenge a debtor's Chapter 7 bankruptcy or Chapter 13 bankruptcy filing. Reasons a Creditor Might Challenge a Bankruptcy Filing Below are some of the most common reasons a creditor might challenge a bankruptcy filing: The creditor has noticed that the [...]

By |2018-11-07T21:14:59+00:00June 12th, 2010|Bankruptcy, Debt Collectors, Lawsuits, Managing Your Finances|Comments Off on Three Reasons Why Creditors Challenge A Debtor’s Bankruptcy

Why Your Vehicle Must Be Insured During Bankruptcy

When a debtor files for bankruptcy, they are required to have insurance on their vehicle even if it is exempt, fully paid for and the debtor says he is not driving the vehicle.  Because the debtor's property becomes part of the bankruptcy estate when the debtor files for bankruptcy, the bankruptcy estate could be held [...]

By |2018-11-14T19:02:36+00:00June 12th, 2010|Bankruptcy, Managing Your Finances|Comments Off on Why Your Vehicle Must Be Insured During Bankruptcy