Bankruptcy : Business & Finance
Determine Whether Chapter 13 Bankruptcy is Right for YouWhen new bankruptcy legislation was enacted several years ago, part of the law set guidelines about who could file Chapter 7 bankruptcy and who had to file Chapter 13. Because Chapter 13 is messier and more expensive, first see...
A Chapter 13 wage order allows the debtor's employer to take the money due under the repayment plan right from his paycheck. A debtor can ask the court for a wage order to help stay on the repayment schedule on his own or his bankruptcy trustee may recommend it, and some bankruptcy districts require
If you have filed for bankruptcy, you may be wondering how long it is going to take until you are able to get credit again. Read on to find out about credit repair after bankruptcy and how long you can expect it to take you to be able to qualify for a loan. The most important thing that you need to
Bankruptcy is not the only way out there to get free of debts. In fact, consider it as your last option. The current economy breakdown has come into contact with almost everyone in this whole world. Now if every person in United States would file for bankruptcy, then where would the economy end up?
Credit card debts are very easy to fall for and previously when the recession occurred, there were many people who had huge amounts of credit card debts. To get free from these kinds of liabilities, borrowers used to file for bankruptcy which is a legal process to get free from debts and engages cou
One of the most important and beneficial aspects of the bankruptcy process is the bankruptcy automatic stay. Essentially, the second that you file with the court, a bankruptcy automatic stay is issued.
Job loss can have both macro and micro effects. During large layoffs, not only do the unemployed suffer the economic impact, but local businesses do as well. Grocery stores, restaurants, gas stations, malls, and most retail outlets suffer during times of significant job loss. For the individual, job
If you have debts that you want to pay but don't see any way to get them paid off then you really need chapter 13 bankruptcy information. While bankruptcy should be a last resort, this solution can provide you with a court designed repayment plan that will benefit both you and your creditors.
Owning a property in an exotic vacation location can be within your reach when you buy a time share. With a time share, you purchase the right to use a property for a certain time period each year, usually for a week. Your ownership in a time share is generally a fee-simple ownership of real estate,
After declaring bankruptcy in Canada, all of your unsecured debts are eliminated. This is also documented on your credit report and remains there for a minimum of six years. This doesn't mean that you can't get credit again for six years. It just means that you will have a hard time gettin
Most credit specialists agree that the worst possible credit entry on your credit statement is a Bankruptcy! Whether you have filed a Chapter 13 or Chapter 7, it demonstrates a complete failure in managing your credit, Regardless of why you filed. If you have declared bankruptcy in the past, or are
Filing Chapter 7 or Chapter 13 is very different.If you are facing bankruptcy you want to have a clear understanding of both so you are sure to choose the one that will help your situation the most.Bankruptcy is a serious step with long term effect so you want to make good choices.
Over the last few years there has been a large number of Americans filing bankruptcy as a way out of unsustainable debt. Even though the government has been reporting numbers that would make one think that the recession is over, it's obvious there is a lot more downside to come. The naysayers n
The term "OB/Gyn" is an abbreviation for obstetricians and gynecologists. These practitioners often work in smaller or private clinics and provide health services and nursing treatments for women. OB/Gyn practitioners help prevent diseases and conditions in patients to promote a healthy reproductive
While taking out a loan seems like an agreement between yourself and a specific bank or institution, debt is often treated like a commodity. Debts can be bought and sold between banks, debt collectors and even individuals. The job of collecting on past-due debts can be assigned to collectors who don
Bleach is a powerful and corrosive cleaning agent, and if not handled carefully, it can damage and discolor household surfaces. Never attempt to clean carpet with bleach, but if you mistakenly spill or drip some, you can remove the stain with the proper solutions. But act fast, because the longer yo
When your income drops after a job loss, you might find yourself unable to pay all of your bills. Although missing payments on all types of bills can trigger late fees and damage your credit score, some have more serious consequences as well. Focus on the most important bills first if you cannot aff
You have been avoiding calls form credit card companies for a long time now. You have apile of unpaid bills from banks, foreclosure notice, etc.You just dont know what to do with your overloaded debts.Now, you are thinking of declaring bankruptcy. But are thesereasons enough for you to declare bankr
Chapter 7 and chapter 13 bankruptcy are two options for Americans who are having trouble paying down their debts. When unemployment rises and incomes fall, more and more people contemplate bankruptcy as a valid option to solve their financial woes. In some situations, bankruptcy is a good choice for