RebeccaM

How Will Bankruptcy Affect Employment Opportunities?

Can an employer choose not to hire you based on a bankruptcy filing? While you should certainly be sure you contact an attorney before filing Chapter 7 or chapter 13 bankruptcy, here is a concise overview. No. Based on the Bankruptcy Act and Fair Credit ... Read >

Types of Bankruptcy

Chapter 7 bankruptcy: Also known as liquidation (converting assets into money) or a straight bankruptcy. This is one of the faster ways of starting afresh and more so if there are no objections from any of the parties involved. Ordinarily, most (if not ... Read >

How Bankruptcy Will Shield Your Retirement Investments

Bankruptcy Abuse Prevention and customer Protection Act of 2005 (BAPCA), investors facing bankruptcy can now shield their IRA assets from creditors. While retirement plans that meet the requirements of the Employee Retirement Income Security Act of 1974 (... Read >

Credit Score Recovery after Bankruptcy

How you manage your credit after the bankruptcy can be one of the most important factors in rebuilding a strong credit profile. Following are the steps one can obtain to recover their credit score after bankruptcy: Introspection: One of the most import... Read >

Is it possible to get mortgage after bankruptcy?

Regardless of the recent housing crises, getting a mortgage after bankruptcy is still possible, though still difficult. However, with a good plan and a willingness to rebuild your credit for a couple of years, this is definitely and achievable goal. Mo... Read >

How to avoid bankruptcy

Bankruptcy! That word sends chills up the spine. If you're facing the panorama of bankruptcy or in the middle of it right now, you know it's a living nightmare. It can devastate your job, destroy your marriage and steal your peace of mind. Although there... Read >

Reasons Why People File For Bankruptcy

Eliminate the legal obligation to pay many of the debts: The goal of a discharge is to reduce debts and to give a fresh start; both the chapter 7 and chapter 13 can eliminate all kind of debts. Stop foreclosure: A home foreclosure can directly be stopp... Read >

Discharge of chapter 7 and 13

In chapter 7 bankruptcy it is necessary to obtain mandatory credit counseling within 180 days before filing bankruptcy petition. File bankruptcy petition with court. A trustee should be appointed to administer bankruptcy. All non-exempt assets should b... Read >

Mistakes People Make With Bankruptcy Attorney Fees and How to Avoid Them

All individuals filing for bankruptcy needs to go through a counseling session and financial management regarding paying fees to their attorneys to have their debts discharged. At times they do make mistakes with the fees that they offer to their attorney... Read >

Life after Bankruptcy

While filing for bankruptcy one should be aware of the financial difficulties that he would be enduring in the long run. Once bankruptcy is filed it remains on the credit report for the next 10 years and that makes him well aware of the fact that he wi... Read >