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Thriving After Bankruptcy

When considering bankruptcy, many debtors only focus on the process; but the most important part of bankruptcy is after the debtor receives their bankruptcy discharge.  It is the time after bankruptcy that the debtor is beginning their fresh financial start.  So how does a debtor thrive after they receive their bankruptcy discharge? Let's take a [...]

By |2018-11-19T20:22:00+00:00June 11th, 2010|After Bankruptcy, Bankruptcy, Economy, Managing Your Finances|Comments Off on Thriving After Bankruptcy

What Businesses And Consumers Need To Know About The Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act only governs certain types of debt and does not protect businesses who owe business debt. Debt requirements that must be met: The debt must be a consumer debt which was incurred for personal, household or family reasons.  For example, if you have a credit card and used it to [...]

By |2018-11-12T22:38:45+00:00June 11th, 2010|Bankruptcy, Debt Collectors, Lawsuits, Managing Your Finances|Comments Off on What Businesses And Consumers Need To Know About The Fair Debt Collection Practices Act

Filing for Chapter 13 Bankruptcy Without Your Spouse

Can I File Chapter 13 Without My Spouse? Spouses can file for bankruptcy alone or they can file jointly. There are pros and cons to each and which one is right for you will depend entirely on your situation. If you are filing alone it’s important to consider what impact this will have on your [...]

By |2019-03-22T09:29:26+00:00June 11th, 2010|Bankruptcy, Chapter 13 Bankruptcy, Debt Collectors, Managing Your Finances|Comments Off on Filing for Chapter 13 Bankruptcy Without Your Spouse

Three Bad Reasons For Delaying Bankruptcy

About 75 percent of the people who file bankruptcy wait until they just don't have any other choice.  They give various reasons for waiting to file bankruptcy; but below are three of the worse excuses for not filing bankruptcy earlier: Guilt. Guilt is never a good reason for delaying a necessary bankruptcy filing.  But many [...]

By |2018-11-16T23:16:59+00:00June 11th, 2010|Bankruptcy, Economy, Managing Your Finances, Repossessions|Comments Off on Three Bad Reasons For Delaying Bankruptcy

Overcoming Your Fears Of Considering Bankruptcy

Being in debt is scary; but having your debts threaten the financial safety and security of your family can be even more scary.  That's why it's not surprising that many debtors have many fears concerning a bankruptcy filing.  Several myths feed into these fears; but the truth is that bankruptcy is often the only chance [...]

By |2018-11-16T22:18:59+00:00June 10th, 2010|Bankruptcy, Credit Counseling, Managing Your Finances|Comments Off on Overcoming Your Fears Of Considering Bankruptcy

Four Things You Shouldn’t Do Before Filing Bankruptcy

Many debtors ask about what they should do before filing bankruptcy; but what about the things that debtors shouldn't do before filing bankruptcy? Things debtors should avoid before filing bankruptcy: Don't raid your retirement account in an attempt to repay debtors if you are considering bankruptcy.  A matter of fact, don't raid your retirement account [...]

By |2018-11-13T19:36:39+00:00June 8th, 2010|Bankruptcy, Lawsuits, Managing Your Finances, Retirement|Comments Off on Four Things You Shouldn’t Do Before Filing Bankruptcy

Three Changes That May Keep Some College Graduates Out Of Bankruptcy

Extended dependent healthcare coverage for unmarried children up to the age of 26. Under the health care bill, as of September 23, 2010 (if all goes as planned) many youth will have access to their parents' healthcare coverage through college and even afterwards during a time when many college graduates struggle financially.  In recent years [...]

By |2018-11-14T16:42:58+00:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Managing Your Finances, Medical Bills, Student Loans|Comments Off on Three Changes That May Keep Some College Graduates Out Of Bankruptcy

Five Signs That You May Be At Credit Card Default Risk

You pay the minimum payment on your credit card.  Paying the minimum payment requirement on your credit card may be a sure sign that you are at credit card default risk especially if you can't afford to pay more than your credit card's minimum payment. You use one credit card to pay the minimum payment [...]

By |2018-11-14T22:46:42+00:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Economy, Managing Your Finances|Comments Off on Five Signs That You May Be At Credit Card Default Risk

Credit Card Authorized User vs. Joint Account Holder

There seems to be a lot of confusion about the difference between a credit card's authorized user and a joint account holder and debt collector practices aren't helping any. One of the most common but often least heard of dirty tricks of the debt collections industry is going after a credit card's authorized user for [...]

By |2018-11-12T18:27:25+00:00June 7th, 2010|Credit Counseling, Debt Collectors, Managing Your Finances|Comments Off on Credit Card Authorized User vs. Joint Account Holder

Disclosure Of Payments Made Prior To Bankruptcy

Bankruptcy law requires that debtors filing for any chapter of bankruptcy disclose on the Statement of Financial Affairs any payments of at least $600 they made to creditors 90 days prior to filing for bankruptcy. Payments disclosures will include payments made on these types of debt: Car Loans Gas, Electric, water and other utility bills [...]

By |2018-11-14T23:44:03+00:00June 7th, 2010|Bankruptcy, Managing Your Finances|Comments Off on Disclosure Of Payments Made Prior To Bankruptcy