Posts

  • Got Your Bankruptcy Discharge? What To Do Next


    If you've filed for bankruptcy and received your discharge paperwork, it doesn't mean you can live the high life now. It means you need to live more carefully than before, and a little more responsibly. After you've received your discharge it's time to put in some work with your finances and build up your credit. Read on for some tips on what to do after you've received a bankruptcy discharge.
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  • Tell Your Creditors To "Stay"


    You know when you've had enough of the phone calls and letters from the people you owe money to, and when it's time to take action by filing for chapter 7 bankruptcy. You are at risk of losing your home, having your utilities shut off and being sued unless you take action.  Fortunately, a federal filing contains a handy and timely tool, the automatic stay. Read on to learn about the benefits of this feature of bankruptcy and how you can get some fast relief from your financial troubles.
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  • Worried About Restaurant Fires? Purchase Safety Equipment With Equipment Financing


    You've purchased all of the equipment your restaurant needs and are ready to open up. However, you had a really close call with a potential fire on your opening day. As a result, you are looking for a way to buy safety equipment. Thankfully, equipment financing loans are a major help here. Safety Equipment Is Surprisingly Important For A Restaurant New restaurant owners may not have taken the time to purchase fire safety equipment.
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  • Should You File For Chapter 7 Bankruptcy If You Qualify?


    If you meet with a bankruptcy lawyer and discover that you qualify for Chapter 7 bankruptcy, you might wonder if you should go ahead and file. Before you do, it's important to understand that bankruptcy is not right for everyone, and Chapter 7 bankruptcy is not always the best option even for people who qualify for this branch. Ways Chapter 7 can help you Using Chapter 7 is the better option for many situations, but it is not the best option for all situations.
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  • 4 Defenses You Can Use When Facing Foreclosure


    If you are at risk of losing your home to foreclosure, you need to know that there is still hope. There are potential legal defenses that you can take to potentially keep your home. While you may have defaulted on your loan, and the bank may have sent you a foreclosure notice, the war isn't over yet. You can still fight back. There are ways to stall the proceedings and possibly even stop them completely:
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  • 3 Things You Should Know About Bankruptcy And Your Student Loans


    Student loans are some of the biggest debts that many Americans carry. The average student loan debt for students who graduated in 2012 was more than $29,000. With those numbers in mind, it should come as no surprise that many people who consider bankruptcy also struggle with student loan debt. However, while bankruptcy may be an effective way to deal with mortgages and credit card debt, few people wrestling with student loan debt find their answer in bankruptcy proceedings.
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  • Chapter 7 Bankruptcy: Special Considerations For Senior Citizens


    Many senior citizens rely on payments from Social Security or private pension funds to cover their expenses during retirement. Unfortunately, people on fixed incomes often struggle to pay off their debts. If you are living on a fixed income and struggling to pay your bills, bankruptcy might be a good option for you. Here are several things you must consider before making the decision to file. Home Equity and Bankruptcy
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  • Struggling To Keep The Bills Paid In Your Golden Years? Bankruptcy May Go Easy On You


    Bankruptcy is often portrayed as a terrible thing to be avoided at all costs. However, for elderly people facing debt, bankruptcy's negatives may not be so serious, and its ability to get rid of certain types of debt may be even more important. If you're getting older and worrying about your debts, maybe it's time to consider chapter 7 bankruptcy. Elderly People Have More Untouchable Money When you file for chapter 7 bankruptcy, you must first pass a means test before you can proceed.
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  • Chapter 13 Bankruptcy: Reduce Balance And Interest Rates On Car Loans With A Cramdown


    Americans are borrowing more money to buy cars. Despite the economy being in a recessive state, Americans are buying more cars with an increase of 15.6 million units in auto sales. Instead of paying for the vehicle in full, most buyers are opting for car loans instead, as interest rates have lowered. There were 60.5 million car loans taken out in 2014. If you have taken out a car loan previously, and your car is now worth less than what you owe on it, you may be able to apply for a cramdown if you file for chapter 13 bankruptcy.
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