bankruptcy blog

Individuals that are filing for bankruptcy not only have to consider what this action is going to do for them here and now but in the future as well. It is most likely your personal bankruptcy is going to remain on your credit report for at least seven years and maybe up to ten. While  … Read more

It isn’t just individuals who sometimes find a need for going bankrupt. Many small businesses after struggling financially for a period of time find that they have no other choice but to rely on this form of debt relief. If you feel that your business has no other option but to file for bankruptcy then  … Read more

It is not uncommon for individuals who are so debt ridden to lose track of some of their creditors. When the financial situation gets really rough many debtors tend to try and hide from the bill collectors.  For this reason some will hold off filing for bankruptcy because they are afraid of making an error  … Read more

Once you have completed your bankruptcy you are going to have the task or building your credit score. This is going to take time and may be a little challenging at first. No matter whether you have as yet filed for bankruptcy or not, you should know the details of your credit rating. Don’t just  … Read more

A lot of people don’t like to discover that they only qualify for a chapter 13 bankruptcy instead of the chapter 7 version of this type of debt relief. With a chapter 13 bankruptcy you are expected to pay back some of your debt according to an approved payment plan. This form of bankruptcy can  … Read more

Everyone has a different amount of financial debt and it is their particular circumstances that determine if they are in need of bankruptcy relief. For some individuals the total amount owed may not seem that big, but compared to their sources of income for paying the debt it just isn’t possible to meet the payments.  … Read more

When you are entering into a Chapter 7 Bankruptcy you may have to make some decisions regarding some of these debts. Most likely some of what you owe may be secured debt while some others may be unsecured. Usually secured debt refers to some type of property like your house or car. Your Houston bankruptcy  … Read more

When you are becoming involved in a Chapter 7 Bankruptcy you will have to present your secured and unsecured debt for bankruptcy consideration. Your secured debt is that which has collateral being held against it by your creditor. For example, this may be the mortgage on your house, or the loan for your car in  … Read more

Not very many people want to embrace the thought of going bankrupt. In fact it is something that is often mulled over for several weeks or even months before the decision to do so is made. In many cases the putting off of the bankruptcy exists until an individual has reached a point where the  … Read more

At first some individuals don’t like the fact that they can only qualify for the Chapter 13 Bankruptcy. However, once it is all put into place and they feel the relief that it can bring, they are happy with the choice they made to go bankrupt. Under the Chapter 14 bankruptcy you will be making  … Read more