From time to time you may see ads on television or on Internet websites that promise to help you eliminate all of your debts by declaring personal bankruptcy. The ad pitch often makes it sound as if going through the bankruptcy process is easy, and that you’ll wind up coming out of bankruptcy in great financial shape.
It’s true that for some individuals it might become necessary to declare bankruptcy, but it should generally be considered as an option of last resort. There are a number of financial consequences to bankruptcy, and some of them can impact your financial situation... Articles Tagged ‘bankruptcy’
What are the Consequences of Bankruptcy?
From time to time you may see ads on television or on Internet websites that promise to help you eliminate all of your debts by declaring personal bankruptcy. The ad pitch often makes it sound as if going through the bankruptcy process is easy, and that you’ll wind up coming out of bankruptcy in great financial shape.
It’s true that for some individuals it might become necessary to declare bankruptcy, but it should generally be considered as an option of last resort. There are a number of financial consequences to bankruptcy, and some of them can impact your financial situation...
Wednesday, March 28th, 2012
From time to time you may see ads on television or on Internet websites that promise to help you eliminate all of your debts by declaring personal bankruptcy. The ad pitch often makes it sound as if going through the bankruptcy process is easy, and that you’ll wind up coming out of bankruptcy in great financial shape.
It’s true that for some individuals it might become necessary to declare bankruptcy, but it should generally be considered as an option of last resort. There are a number of financial consequences to bankruptcy, and some of them can impact your financial situation... Filing for Bankruptcy
Bankruptcy is something that we all hope we never have to go through. But for all too many consumers, unforeseen financial difficulties make bankruptcy one of the few options to get one’s credit and good name back. Before you file for bankruptcy, try to work out deals with your creditors, go through credit counseling, or see if a lawyer can help you find a workable solution.
If your finances have been derailed, however, bankruptcy may be your only hope for getting your debts behind you and making a fresh start. While it’s certainly not the ideal solution, it might be...
Monday, June 27th, 2011
Bankruptcy is something that we all hope we never have to go through. But for all too many consumers, unforeseen financial difficulties make bankruptcy one of the few options to get one’s credit and good name back. Before you file for bankruptcy, try to work out deals with your creditors, go through credit counseling, or see if a lawyer can help you find a workable solution.
If your finances have been derailed, however, bankruptcy may be your only hope for getting your debts behind you and making a fresh start. While it’s certainly not the ideal solution, it might be... Avoid Filing For Bankruptcy
When lenders are banging on your door and you see no help in sight for paying off your debts, bankruptcy may seem like the only way out. However, bankruptcy isn’t a decision to make lightly. It will change your life and not necessarily for the better. Before you file for bankruptcy, here is some advice on things you should consider.
Bankruptcy isn’t free. Bankruptcy and bankruptcy attorneys, which are required to file, cost money. There are two primary types of personal bankruptcy: Chapter 13 and Chapter 7. Each must be filed in federal bankruptcy court. The average cost...
Friday, May 28th, 2010
When lenders are banging on your door and you see no help in sight for paying off your debts, bankruptcy may seem like the only way out. However, bankruptcy isn’t a decision to make lightly. It will change your life and not necessarily for the better. Before you file for bankruptcy, here is some advice on things you should consider.
Bankruptcy isn’t free. Bankruptcy and bankruptcy attorneys, which are required to file, cost money. There are two primary types of personal bankruptcy: Chapter 13 and Chapter 7. Each must be filed in federal bankruptcy court. The average cost... Tips to Avoid Bankruptcy
Bankruptcy is an extreme move to take after you’ve exhausted all other options. It is never a quick fix or a simple solution to get out of debt. After you file for bankruptcy, it will be incredibly difficult or near impossible to get any sort of financing or credit for a long time. Here is some advice about how to avoid bankruptcy.
Filing for bankruptcy means you start over with a clean slate and must build your credit back up again. In the financial world, no credit equals bad credit. You have to start from scratch so that you can...
Wednesday, April 7th, 2010
Bankruptcy is an extreme move to take after you’ve exhausted all other options. It is never a quick fix or a simple solution to get out of debt. After you file for bankruptcy, it will be incredibly difficult or near impossible to get any sort of financing or credit for a long time. Here is some advice about how to avoid bankruptcy.
Filing for bankruptcy means you start over with a clean slate and must build your credit back up again. In the financial world, no credit equals bad credit. You have to start from scratch so that you can... Bankruptcy
Sometimes people end up with more debt than they can handle. Often it is not due to irresponsibility, but to circumstances beyond one's control. Job loss, unexpected medical expenses and other such situations can cause finances to take a sudden turn for the worse. When such things happen, bankruptcy can ease the financial burden.
Bankruptcy should only be used when all other alternatives have been exhausted. It remains on your credit record for ten years, making it difficult or impossible to obtain loans and other types of credit. But in some cases, it is a debtor's only hope for relief. If...
Monday, May 11th, 2009
Sometimes people end up with more debt than they can handle. Often it is not due to irresponsibility, but to circumstances beyond one's control. Job loss, unexpected medical expenses and other such situations can cause finances to take a sudden turn for the worse. When such things happen, bankruptcy can ease the financial burden.
Bankruptcy should only be used when all other alternatives have been exhausted. It remains on your credit record for ten years, making it difficult or impossible to obtain loans and other types of credit. But in some cases, it is a debtor's only hope for relief. If... 
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