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[21 Oct 2015 | Comments Off on How to Recover from Bankruptcy | ]
How to Recover from Bankruptcy

When you file for bankruptcy, you might feel like a weight just lifted off your shoulders, but you may worry about what the future holds as well. Though a bankruptcy will remain on your credit report for a significant period of time, it won’t necessarily harm you as much as you might think. Learn how you can recover from bankruptcy as you get back on your feet.
Apply for New Credit
When you first file, you’ll find that getting a new credit card is difficult. The only offers you receive may come …

Bankruptcy, Headline, Personal Finance »

[12 Aug 2015 | Comments Off on Bankruptcy versus Debt Settlement | ]
Bankruptcy versus Debt Settlement

Most people believe that debt settlement and Chapter 13 bankruptcy are the same thing. However, people that have taken a closer look and have read the details know that they are two totally different things. These two are the best solutions for those that have incurred an extreme amount of debt and have no other option than to either seek debt settlement or Chapter 13 bankruptcy.
Chapter 13 bankruptcy requires an individual to repay all debts on a repayment system created by the government and is enforced by federal law. Debt …

Bankruptcy, Headline, Personal Finance »

[26 Nov 2013 | Comments Off on 5 Myths & 5 Truths About Declaring Bankruptcy | ]
5 Myths & 5 Truths About Declaring Bankruptcy

Bankruptcy can be a real solution to some individuals’ financial problems. However, many people have misconceptions about what bankruptcy entails. Here is a look at five myths about declaring bankruptcy, and five truths.
Five Myths About Declaring Bankruptcy
 1. Only Financially Irresponsible People File for Bankruptcy
The biggest myth, or stigma, attached to bankruptcy is the fact that only financially irresponsible people could find themselves in such a situation. Unfortunately, that is not true. Most of the people who declare bankruptcy have been forced to do so due to another reason: losing their …