Common Bankruptcy Concerns Answered

Posted on: 22 January 2016

It is an unfortunate fact that your creditors have the ability to take aggressive actions against you if you fall behind on your payments. This can result in the loss of your home or any other assets that you used to secure the loan, and it can even result in wage garnishments or lawsuits. Bankruptcy protection can be an excellent option for those that are facing these actions. However, if you have never considered filing for this type of protection, understanding the following couple of questions and their answers should help you to better appreciate the viability of this option. [Read More]

Chapter 7 Or Chapter 13: Which Bankruptcy Is Right For You?

Posted on: 20 January 2016

Are you considering filing for bankruptcy? While bankruptcy is never an ideal outcome, it could be the best solution for you if you are dealing with a significant amount of debt. Bankruptcy gives you the ability to reduce or eliminate your debts in an affordable manner so you can start fresh and work on rebuilding your credit. However, it's important to know which type of bankruptcy is right for you. Chapter 7 and Chapter 13 are two of the most common types of bankruptcies for individuals. [Read More]

Went Through Bankruptcy? Make Sure You Don'T Do These 2 Things That Will Lower Your Credit Score

Posted on: 20 January 2016

If you have gone through a bankruptcy, your FICO credit score has taken a hit. Without a good credit score you cannot do things like get a loan on a house, get a car loan, or even open up a credit card with a good interest rate. You need to be careful in what you do in the future, as there are things that can lower your FICO credit score. [Read More]

Is Chapter 7 Right For You?

Posted on: 20 January 2016

If you are in serious financial trouble, then one of your options is to file for bankruptcy. However, bankruptcy isn't right for everyone, so you should get all the information that you can before proceeding. To give you a better idea of your options and what they entail, here is an overview of Chapter 7 bankruptcy: What is Chapter 7? The basic idea behind Chapter 7 is that some of your assets will be sold, and the proceeds will be used to pay your creditors. [Read More]