Bankruptcy is an effective - yet drastic - way to shield you from your creditors. The proceedings are governed by federal law and are designed to give you a fresh financial start. In October 2005,...
Giving away a lot of money isn't as easy as it seems. In fact, most wealthy philanthropists probably had an easier time acquiring their fortune than giving it away. Deciding who gets what is the...
Declaring bankruptcy is a drastic step for dealing with financial problems, so it should be the absolute last resort taken when dealing with financial woes. Since the United States Congress...
In 1998, Congress enacted changes to the U.S. Bankruptcy Code that made student loans non-dischargeable in bankruptcy, unless the debtor is successful in claiming that repaying the loans would...
If you have claimed bankruptcy and are concerned because you believe you will not be able to purchase a car for the number of years the bankruptcy appears on your credit, don't despair. It may...
Whether it's our own bad choices or something completely out of our control, declaring bankruptcy is not the end of the world. Buying a home afterwards is not out of the question. It usually takes...
You've just been fired, the inheritance is gone, you're down to you're down to your last few bucks. Let's face it. It's time to beg for money. Those bills won't pay themselves. Swallow your pride...
Getting credit after bankruptcy isn't as difficult as you may think. Two years after filing for bankruptcy, you may qualify for a loan at an interest rate equivalent to the rate you could have...
If finances get past the point of being salvageable, it might be in your best interests to file bankruptcy. But if you can avoid filing bankruptcy, it is worthwhile to make the effort. Financial...
You can't pay your bills and you can't increase your income. You have tried consolidating your debts and you've seen a financial advisor. You know your only way out is to file for bankruptcy. It's...
Filing for bankruptcy is usually done as a last resort when credit card bills, medical bills or unexpected expenses become too much to handle. While the bankruptcy ruling stays on your credit...
Chapter 7 bankruptcy and Chapter 13 bankruptcy each have their advantages and disadvantages. If you are planning on filing for bankruptcy, you will need to determine if you qualify for both and...
Individuals and organizations legally declare their inability to pay their creditors by filing for bankruptcy. This brings in the court's supervision to distribute whatever assets and funds the...
Between medical bills, credit card debt, multiple mortgages and other loans, many people live paycheck to paycheck. If you feel like bankruptcy is pending and you want to avoid it, here are a few...
Bankruptcy is a very real possibility for many people these days. Poor planning, overspending, lack of savings, high-interest loans, lack of insurance and other factors can all lead to a negative...
Filing for bankruptcy is a regrettable event, but for many people, it is unfortunately necessary. When you accumulate so much debt that it becomes impossible to repay in a timely manner, declaring...
Getting a loan after you've just gone through bankruptcy is not as hard as you may think. Today's lending environment is very competitive, and many lenders are willing to take the risk of loaning...
After your bankruptcy closes, it's wise to wait before trying to refinance, so that you have time to start rebuilding your credit and are able to get a better rate. Or you could refinance before...
The key to getting a home mortgage after bankruptcy is to immediately start rebuilding your credit. Depending on when you apply, you may have to pay a higher interest rate than borrowers without...
Most people believe that a bankruptcy filing remains on their credit report, and it's near impossible to get a loan. Fortunately, if you take the necessary steps to rebuild your credit, you can...
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