One cannot file for bankruptcy through US state courts, since exclusive jurisdiction is vested with Federal courts. The court charges a certain fee at the time of filing, depending on which category of bankruptcy is being filed for. Specifically, a court fee for filing for Chapter 7 bankruptcy is $274, $1,039 for Chapter 11, $239 […]
Too many debts? Having trouble paying your bills? Are you worried about losing your home or your car?
You’re not alone. Many people face a financial crisis some time in their lives. Your financial situation doesn’t have to go from bad to worse. If you are a homeowner why not look to release the equity tied […]
Debt consolidation feels like instant freedom.
When you can not easily manage your debt, bundling it all up seems like a good idea. The most common way to do this is a debt consolidation loan. This loan takes all of your debts and wraps them into one loan.
Don’t confuse it with bankruptcy, though. You […]
Bankruptcy is a lawful course of action which allows individuals who are unable to reimburse their debt a new beginning. A choice to file for bankruptcy is a decisive step. Debtors should consider all their financial alternatives before they file in for bankruptcy. It is not a small step and it has very strong and […]
“She was poor but she was honest,
Victim of the Squire’s game,
First he loved her then he left her,
Ain’t it all a bleedin’ shame?”
Just like the anonymous poor girl in the above Victorian Music Hall song, it’s those who can afford it the least that usually end up paying the most.
They say money […]
The laws regarding bankruptcy have changed recently, but there are still options available to you if your debt has grown out of control and you have found yourself unable to repay them. Bankruptcy laws give debtors a way to divide their assets among creditors and completely eliminate some debts after the assets have been […]
Bankruptcy can be defined in several ways. In simple terms bankruptcy is a legally declared inability or impairment of ability of a person or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt person or company, or it can just be requested by creditors in an […]
Following a bankruptcy, your credit score plummets. This makes it difficult to obtain credit on a home mortgage, vehicle loan, credit card, etc. If you are hoping to purchase a home after a bankruptcy, traditional lenders and mortgage companies will not propose the best terms. Moreover, these lenders may refuse to do business with you.
When […]
Credit card debt is a problem for many people and is a major contributor to personal debt. Funding your lifestyle with a credit card is easy but the hard part is paying it off and clearing the credit card debt.
Temptation is all around and offers of credit cards come through the mail on a regular […]
Though many people fall in debt, the Christians are rather uncomfortable with the idea of having debt. They feel that debt is unacceptable, even for essential uses as a mortgage or an automobile loan. However, there are some Christians who feel that debt incurred for day to day expenses is acceptable, as long as the […]