Uncategorized
Get back on the road to good credit
Monday, February 18th, 2008There is a common consensus to the fact that a bankruptcy is the worst possible entry on your credit report. Filing for bankruptcy whether a Chapter 13 one or a Chapter 7 one is a sign that you clearly cannot manage your credit. Notwithstanding the reasons for which you filed for bankruptcy such an entry […]
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 […]
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 […]
Bankruptcy in and out
Saturday, December 15th, 2007Bankruptcy is a problem that affects many people in the world particularly in the U.S and it refers to a legal declaration of the inability of a person to pay off his creditors. Involuntary bankruptcy is much like involuntary winding up and is when a creditor files a suit against a debtor in an attempt […]