Learn how to file bankruptcy on credit card debt and get your finances back on track. Find expert advice and guidance on managing your finances and dealing with credit card debt.
1. You’ll Never Get Credit Again After a Bankruptcy This is ridiculous! “Do not file bankruptcy, you will never get credit again”. In part, that’s the point of filing bankruptcy, to begin with, to get back on your feet so you can establish good credit. While the internet is full...
When you’re in a precarious financial situation, you want to try to do everything you can to pay your debts without resorting to bankruptcy. Why? Because you are only allowed to receive a bankruptcy discharge every so often. For example, you may only receive a Chapter 7 bankruptcy discharg...
Ultimately, it's important to weigh the total costs, both monetarily and otherwise, related to the differentdebt relief optionsand compare them to the potential benefits. Some people may be willing to deal with the credit consequences of filing for bankruptcy to try to get a fresh start after...
CIT Group (CIT) intends to file for bankruptcy protection in New York within days, perhaps as early as Sunday, the WSJ reports, citing people familiar with the matter. The filing, which was overwhelming approved by creditors in support of a prepackaged
fresh start. But it does stay on your record forseven to 10 years,so be sure this is the best route to take before you proceed. This is not legal advice. Consider consulting an attorney if you want to know more. Keep in mind that bankruptcy should only be considered as a last res...
Central Texas Consumers Overuse Credit Cards, File Bankruptcy in Droves.(Originated from Austin American-Statesman, Texas)Golz, Earl
A bankruptcy has major effects on a person’s credit record and so it is often recommended that it must only be resorted to when alternatives fail. A Chapter 7 bankruptcy will go down on a person’s credit report for ten years; Chapter 13, seven years after the filing. Such record will...
Chapter 7 bankruptcy can require the sale of assets that are still carrying a loan balance, but only under certain circumstances. How to (not) lose your car in Chapter 7 Will you keep your car when filing Chapter 7 bankruptcy, or will you lose it? That depends. Here are four factors to...
Chapter 7 bankruptcy is a legal procedure that offers relief to debtors who have more debt than they can reasonably expect to pay off given their current income and assets. Many individual filers have lost their jobs or racked up medical debt. Some have overextended credit cards. ...