When To File For Bankruptcy Nobody wants to make the decision of when to file for bankruptcy, but at some point it may come up. Bankruptcy has a bad effect on your credit amongst other ramifications. Filing bankruptcy should only be a last resort when all other options have failed you. But when should you [...]

Types of Bankruptcy Bankruptcy is a procedure that is designed to relieve debt to consumers who have fallen on hard financial times and cannot afford to pay their existing debts. While there are many types of bankruptcy out there, the most commonplace are chapter 7 bankruptcies and chapter 13 bankruptcies of the bankruptcy code. Chapter [...]

Tips To Avoid Bankruptcy When individuals or businesses cannot meet with their financial obligations, many make the assumption that the only solution is bankruptcy. That is not always the case though. If the right steps are taken from the beginning, you can keep yourself and your family out of financial trouble and away from bankruptcy. [...]

Pre-Bankruptcy Counseling With the new law passed in 2005 in regards to the filing of chapter 7 bankruptcy, it became law that anyone filing must first get pre-bankruptcy debt counseling. The debtor must get counseling and certification from a non-profit credit-counseling agency before the forms can be filed for your bankruptcy. This usually entails one [...]

Credit After Bankruptcy People considering bankruptcy have many questions regarding how future credit will be affected. Some think that it will be 10 years before they can get credit again, or that they will never get a credit card after their bankruptcy. Common questions debtors have are usually about keeping current credit cards, establishing new [...]