Buying a home after bankruptcy isn’t as difficult as you thought. However, buying a home should not be at the top of your list really. It is very obvious that you have to first ensure that you have a regular source of income which will allow you to meet your basic needs and also provide some savings for building an emergency fund.
As we come to the far end of 2011, the economists give a retrospective glance at the economy to check where we stand. Though individual bankruptcies are falling, yet that doesn’t speak much about the improving financial behavior of the US consumer, who is still being supported by the record federal stimulus.
Ballooning Consumer Debt Cripples Economic Recovery – Any Hope For The Debtors? Read More »
While writing credit repair letters (or credit repair dispute letters) you must ensure that you follow the guidelines mentioned here.
Credit Repair Letters – 6 Things You Must Remember Read More »
Getting a mortgage after bankruptcy is not an impossible task. You can get a mortgage with bankruptcy still on your credit report. However, the terms of your mortgage in bankruptcy scenarios would be really harsh… and you should expect them to be harsh since you have lost your credit worthiness to bankruptcy.
Mortgage After Bankruptcy – How To Get A Mortgage Loan After Filing For Bankruptcy Read More »
Getting unsecured credit cards after bankruptcy can be ruled out for a long period of time. So, your best bet would be to get secured credit cards. The secured credit cards would not only be the best credit cards after bankruptcy but also the only feasible option for getting a credit card after bankruptcy.
Filing business bankruptcy can be an emotionally difficult process for any business owner. However, sometimes things can go wrong for a business either due to wrong decisions or due to external/unforeseen conditions; and in such a situation, filing for business bankruptcy might become the best option.
Business Bankruptcy – What You Should Know Before Filing For Business Bankruptcy Read More »
A bankruptcy means test, simply put, is a test (or shall we say, a calculation) that is done in order to determine whether the debtor (on whom means test for bankruptcy is being done) has the means to repay his debts and to what extent.
Bankruptcy Means Test – What Is It And How Is It Conducted Across The Various Chapters Read More »
Jurisdictions allow individuals to declare their bankruptcy through a procedure called personal bankruptcy. That simply means that you cannot afford to pay your debts any longer and requires removal of any such obligation by giving up control of your financial assets. You can either do it through a debtors’ petition (doing it yourself) or through a creditors’ petition (someone who you owe money can do so).
Personal Bankruptcy – What You Should Know Before Filing For Personal Bankruptcy Read More »
Credit counseling for bankruptcy is required by those who intend to take filing of bankruptcy as a way forward for their financial problems. All people who plan to file for bankruptcy protection are required to get a credit counseling session from an approved organization within 180 days of filing.
Credit Counseling For Bankruptcy – Here’s What You Need To Know Read More »
While personal bankruptcy can be filed through Chapter 7 or Chapter 13, there are other types of bankruptcies that apply to different situations. While Chapter 7 and Chapter 13 seek to provide repayment solution either by liquidating the financial assets or repayment schedule respectively, the other chapters pertain to businesses, fishermen or farmers, foreign investors etc.
Types Of Bankruptcy – A Quick Glance Into The Six Important Bankruptcy Chapters Read More »