In many cases, you will be able to keep your car as long as you make payments on it. When you are considering declaring bankruptcy, you’re going to have a lot of questions. You might ask, “What happens to my home? What happens to my car during bankruptcy?” Believe it or not, ...
Chapter 7 bankruptcy, often called “liquidation bankruptcy,” involves selling non-exempt assets to pay off creditors. You may be allowed to keep some essential property, like a car if the value isn’t deemed excessive and personal belongings such as clothing, household goods or tools you need...
Meanwhile, the New York Mets are looking to keep their improbable run alive as they face a crucial Game 4 against the prohibitive favorite L.A. Dodgers. No doubt October baseball takes on a different flavor when both New York teams make deep runs. So today, as these two series swing to...
If you’ve received a windfall like a large cash infusion from a tax return, work bonus or money from a generous relative, put some of it toward the debt you owe and keep a little to treat yourself to a night out or other fun activity. Every little bit helps when working toward ...
Investigate options fordebt relief, which can include bankruptcy ordebt management plans, if either of the following situations applies to you: You can't repayyour unsecured debt — credit cards, medical bills, personal loans — within five years, even with drastic spending cuts. ...
If you don’t qualify for Chapter 7 bankruptcy, considerChapter 13. It allows you to restructure your debt under a new repayment plan that usually spans three to five years. Unlike Chapter 7, you’re not required to liquidate any assets, making it a better option if you want to keep oth...
1. Define your goal As Oscar Martinez told Michael Scott, you can't just declare bankruptcy and expect anything to happen. The same goes for goals: simply declaring that you're going to learn something doesn't just make it so. Instead, set a SMART goal (Specific, Measurable, Achievable...
If you do not have adequatehealth insurance, you may be at risk of significant financial strain. An emergency or serious illness can drain your savings, force you to take on debt, or even force you to declare bankruptcy due to the high costs. ...
Bankruptcy and collection data, such as if any of your accounts were marked past due for over 30 days and sent to a collection agency 3. Dispute credit report errors If you come across any errors on your credit report, initiate a dispute as soon as possible. You should start the dispute...
These services can help you manage your debt and create a flexible plan for paying it off over time. They can also negotiate with your creditors on your behalf and help you avoid bankruptcy or other extreme measures. Always make sure to conduct due diligence to avoid paying more or getting ...