Debt Reduction Advice

Bankruptcy 4/19/2024 7:00:00 AM 4/19/2024 7:00:00 AM

4/19/2024 7:00:00 AM 4/19/2024 7:00:00 AM 258 258

A variety of methods are available to reduce debt. They range from locking yourself into a budget to setting up a system to pay off the smallest bills to the largest bills. Whichever method you choose, the best way to make it work is to dedicate yourself to making it work. There is no easy way to re

Filing Bankruptcy - Go it Alone Or Hire a Bankruptcy Lawyer?

Bankruptcy 4/19/2024 7:14:00 AM 4/19/2024 7:14:00 AM

4/19/2024 7:14:00 AM 4/19/2024 7:14:00 AM 231 231

In only the last two years Bankruptcy law has become more complicated and made it easier for self-filers to make mistakes in their petitions and get denied. It's understood that not everyone can afford the high legal fees of the bankruptcy process, but it's the most common sense option and

Can a Civil Case Affect a Joint Bank Account?

Bankruptcy 4/19/2024 7:25:00 AM 4/19/2024 7:25:00 AM

4/19/2024 7:25:00 AM 4/19/2024 7:25:00 AM 227 227

If you owe money to a creditor or other individual, one remedy available to both of them for collecting the debt is to file a civil lawsuit. If a judgment is entered against you, the creditor's next step is to seek garnishment of your wages or bank accounts, including accounts you hold jointly with

How Does Bank Auto Repossession Work?

Bankruptcy 4/20/2024 3:04:00 AM 4/20/2024 3:04:00 AM

4/20/2024 3:04:00 AM 4/20/2024 3:04:00 AM 29 29

Payment DelinquencyWhen people wish to purchase an automobile, they often have to seek funding from a bank or financial institution. They then make monthly payments until the amount is paid in full. This is called a vehicle loan, and the payment status shows up monthly on all three credit...

Going Bankrupt Does Not Necessarily Make Life Easier in the Long-Term

Bankruptcy 4/20/2024 3:05:00 AM 4/20/2024 3:05:00 AM

4/20/2024 3:05:00 AM 4/20/2024 3:05:00 AM 200 200

One of the most difficult choices people will make in their financial careers is whether to file for bankruptcy protection. We examine some of the reasons why going bankrupt actually makes life a little more difficult, which is why it should be avoided unless there is no other viable option.

Can I File for Emergency Chapter 7?

Bankruptcy 4/20/2024 3:05:00 AM 4/20/2024 3:05:00 AM

4/20/2024 3:05:00 AM 4/20/2024 3:05:00 AM 39 39

Debt often overwhelms individuals, particularly following the loss of a job or steady stream of income. Only when there are no other options should a person elect to file for bankruptcy, as doing so will affect his financial future for a significant period of time. Two options are available for an i

How to Get Out of Debt & Live Prosperously

Bankruptcy 4/20/2024 3:14:00 AM 4/20/2024 3:14:00 AM

4/20/2024 3:14:00 AM 4/20/2024 3:14:00 AM 30 30

More and more consumers are looking for ways to get out of debt and break the cycle of seemingly endless interest payments. Through hard work and budgeting, any consumer can get out of debt and work towards living a prosperous, debt-free lifestyle. The key is to live below your means, save for the f

Bankruptcy Information - Obtain the Facts Before Filing Bankruptcy

Bankruptcy 4/20/2024 3:23:00 AM 4/20/2024 3:23:00 AM

4/20/2024 3:23:00 AM 4/20/2024 3:23:00 AM 54 54

Obtaining accurate bankruptcy information is an important aspect of determining if filing bankruptcy is in your best interest. Major changes were made to the United States Bankruptcy Code when Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005.

How to Find a Reputable Debt Consolidator

Bankruptcy 4/20/2024 3:34:00 AM 4/20/2024 3:34:00 AM

4/20/2024 3:34:00 AM 4/20/2024 3:34:00 AM 31 31

Finding a company that offers debt consolidation services can be as easy as opening the phone book or doing a quick Internet search. However, finding a reputable debt consolidation company is more challenging, as there are many debt consolidation scams. To find a quality organization, you must be pr

When Is It Time to Consider Filing Bankruptcy?

Bankruptcy 4/20/2024 3:36:00 AM 4/20/2024 3:36:00 AM

4/20/2024 3:36:00 AM 4/20/2024 3:36:00 AM 23 23

In today's economy many Americans are still trying to avoid filing bankruptcy at all cost. Many people have this idea that recovery is right around the corner and everything will go back to normal. No one seems to think that this might be the new normal.

Can Collectors Collect Unsecured Debt?

Bankruptcy 4/20/2024 3:50:00 AM 4/20/2024 3:50:00 AM

4/20/2024 3:50:00 AM 4/20/2024 3:50:00 AM 38 38

Secured debt refers to debt that is attached to a physical asset, such as a mortgage loan on a home or an auto loan on a car. Unsecured debt is debt that is not attached to a physical item, such as credit card debt. If you have unsecured debt, it's beneficial to understand that a creditor has the ri

Chapter 7 Bankruptcy and Child Support

Bankruptcy 4/20/2024 4:12:00 AM 4/20/2024 4:12:00 AM

4/20/2024 4:12:00 AM 4/20/2024 4:12:00 AM 213 213

Chapter 7 bankruptcy involves calculating debts and income, selling eligible assets, paying creditors with nonexempt income and discharging the remainder. Bankruptcy applicants must list all debts, assets and income including child support payments. While federal and state laws provide safeguards to

Bankruptcy is Not The End of The World!

Bankruptcy 4/20/2024 4:31:00 AM 4/20/2024 4:31:00 AM

4/20/2024 4:31:00 AM 4/20/2024 4:31:00 AM 36 36

Bankruptcy is not an easy process, its consequences are undoubtedly negative if you want to get finance in the near future but it is definitely not the end of the world. Getting finance after bankruptcy though hard, is possible as long as you can show that things have changed after your bankruptcy h

The Reasons People Get Into Debt

Bankruptcy 4/21/2024 6:22:00 AM 4/21/2024 6:22:00 AM

4/21/2024 6:22:00 AM 4/21/2024 6:22:00 AM 36 36

Credit cardbank statment and cut credit card image by Warren Millar from Fotolia.comDebt can be a cancerous presence in your life. It can eat up your resources, cause mental stress and strain your relationships. In 2007, the average American household possessed $9,480 in credit card debt....

What's An Insolvency Practitioner?

Bankruptcy 4/21/2024 6:29:00 AM 4/21/2024 6:29:00 AM

4/21/2024 6:29:00 AM 4/21/2024 6:29:00 AM 21 21

Insolvency is what's called when a person or a company has huge debts that can no longer keep up with, as these debts fall due. In this case, when the individual has no other options, he must take alternative measures than are treated under legal proceedings. When the person engages in these pr

How to File for Business Bankruptcy in Florida

Bankruptcy 4/21/2024 6:29:00 AM 4/21/2024 6:29:00 AM

4/21/2024 6:29:00 AM 4/21/2024 6:29:00 AM 249 249

Businesses, just like individuals, can sometimes wind up in a desperate financial situation where filing for business bankruptcy is the only solution. If bankruptcy is an option for your Florida business, you will need to hire a local bankruptcy attorney to file your bankruptcy petition. In Florida,

The Means Test Numbers Change November 1, 2010

Bankruptcy 4/21/2024 6:45:00 AM 4/21/2024 6:45:00 AM

4/21/2024 6:45:00 AM 4/21/2024 6:45:00 AM 160 160

OnNovember 1, 2010 the income figures used on the means test for consumer bankruptcy figures will change. These income figures are published by the U.S Census Bureau...

Declaring Yourself Bankrupt - What Are the Costs and Fees You Have to Factor In

Bankruptcy 4/21/2024 6:47:00 AM 4/21/2024 6:47:00 AM

4/21/2024 6:47:00 AM 4/21/2024 6:47:00 AM 153 153

You may be thinking of declaring yourself bankruptcy if you are bounded by large debts. When all other steps fail, you will have to talk it over with your lawyer.

The Pros of Paying Off Your House Right Away

Bankruptcy 4/21/2024 6:54:00 AM 4/21/2024 6:54:00 AM

4/21/2024 6:54:00 AM 4/21/2024 6:54:00 AM 44 44

The greatest intangible benefit of paying off your house right away is the satisfaction of knowing you actually own your home. When most people say they own a home, they mean that they are paying a mortgage, yet the bank still technically owns the property. However, when you pay off your house, you

Chapter 13 Bankruptcy Process

Bankruptcy 4/21/2024 7:02:00 AM 4/21/2024 7:02:00 AM

4/21/2024 7:02:00 AM 4/21/2024 7:02:00 AM 39 39

The Chapter 13 process can be very complicated and a debtor should always seek the assistance of an attorney to ensure that the case is handled properly. While every case is different, there is a general time line that is followed in all cases.