Archive for January, 2008
Chapter 7
Thursday, January 31st, 2008Bankruptcy laws allow for a debtor who is unable to pay off his creditors to resolve his debts through the division of his assets among his creditors. Chapter 7 of the Bankruptcy Law is called liquidation bankruptcy and it involves the complete liquidation of the debtor’s assets and then the proceeds are used to pay […]
How to re-establish your credit
Tuesday, January 22nd, 2008After going through the long and tiresome process of filing for bankruptcy the worry that most people have is whether they will be able to stand on their feet again. But if you look on the bright side it is true that no matter how bad your financial condition is if you plan well and […]
get youself a good lawyer
Thursday, January 17th, 2008Declaring bankruptcy is a hard choice for everyone but sometimes it can be good for you. When you are in a critical financial position it may sometime be better to file for bankruptcy. In such an event you need a good bankruptcy lawyer. One can never be sure whether he is picking the correct person […]
mortgage loan after bankruptcy
Wednesday, January 9th, 2008The problem that most people face when contemplating whether to file for bankruptcy is the thought of what happens after it. Beginning life after bankruptcy can be difficult and lenders are not very willing to advance loans to people with poor credit ratings. However these days things have become a bit easier. Lenders are more […]
Automatic stays after bankruptcy
Friday, January 4th, 2008Filing for bankruptcy provides an automatic stay. Once you file for bankruptcy creditors have to stop collecting money from you. They cannot send you letters for collection, you cannot be sued for your debts nor can your car be taken away from you. This automatic stay provision comes into force and protects you from almost […]