You Can Recover From Bankruptcy and Bad Credit
Bankruptcy not only carries a stigma, but is also clouded in misconception. These two things go together. The stigma attached to bankruptcy grows mostly from the history we attach to it, and the assumptions we make about the process, how it affects our financial standing, and how other people will view us if we file for bankruptcy. As we can see from a close look at bankruptcy in our modern society, many of the things we believe about bankruptcy are simply not true.
Are you finding yourself falling behind in your monthly credit card bills? Are you struggling to learn how to deal with debt collectors or how to consolidate credit card debt? Well, welcome to the club. Unfortunately, far too many Americans find themselves buried in excessive credit card debt, as well as other kinds of debt.
Image via Wikipedia Really exciting (yawn) move in gold. I mentioned a couple of weeks ago that gold was breaking up and was going to re-test the previous high. I just guess there are plenty of articles “explaining” why gold is going up. I have no patience or interest in reading them as the only [...]
Chapter 13 bankruptcy is often referred to as a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Individuals who have regular income and want to pay their debts but cannot do so in a timely manner can use this chapter.
What happens to gift cards when a company goes bankrupt? Can a company refuse to redeem outstanding gift cards during bankruptcy? Does it matter whether the company declared Chapter 11 or 7 bankruptcy?
This article warns litigants about filing bankruptcy petitions in the district clerk’s office rather than in the bankruptcy clerk’s office. A ton of bankruptcy petitions are dismissed each year because they are filed int he district clerk’s office.
If you are swimming in credit card debt and missing payments bankruptcy may be the right option for you. There are several types of bankruptcy you can file for the main ones are Chapter 7, chapter 11 and chapter 13. If you are an individual (not a major company) then you going to want to look into Chapter 7 or chapter 13.