Archive for 'Chapter 7'

Should I file for Bankruptcy?

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The National Consumer Law Center (NCLC) explains how bankruptcy can help you and when it may be the wrong solution for fix credit report after bankruptcyyou.

This article, part of a series, provides an excellent overview of the difference between chapter 7 and 13 bankruptcies, lets you know the best time to file for bankruptcy, and sets out what a bankruptcy will cost. Importantly, the article corrects common ...

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What is Bankruptcy Reaffirmation?

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fix credit report after bankruptcyWe were inspired by this blog post from attorney Christine A. Kingston about bankruptcy reaffirmation and how it affects a Chapter 7 bankruptcy.

Essentially, when you reaffirm a debt, you agree that you will still owe the debt after your bankruptcy case is over. Reaffirmation provides a sure way to keep collateral as long as you abide by the terms of the reaffirmation agreement and keep up your ...

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Can Bankruptcy Help Seniors Protect their Assets?

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This article in the New York Times is another reminder that financial distress is a form of cancer — and the sooner one gets diagnosed, develops and implements a sound treatment plan and addresses the issue, the better the outcome. The stigma associated with bankruptcy prevents many people from filing and this will only make the problem worse.

“Bankruptcy was a chance to hit the financial reset button,” according to the 65 year ...

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