If you’re buried in a mountain of debt, there are two alternatives to filing bankruptcy – debt settlement and debt consolidation. Both options can help consumers manage their credit, lower the balances they owe to creditors and get their debt paid off quicker.
Posts Tagged ‘Filing Bankruptcy’
What Does Debt Settlement Do to Your Credit Score?
Tuesday, October 6th, 2009So, obviously, since you paid off your creditors, your settlement looks good on a credit report, right? This is where it gets tricky. While the settlement of debt isn’t viewed as negatively as filing bankruptcy, it’s still going to linger on your credit report for some time.
Filing Bankruptcy – Can Filing Bankruptcy Help You?
Saturday, July 18th, 2009Sometimes the only viable option an individual has left is filing bankruptcy due to the amount of debt they have incurred. The decision is one that most people don’t come to easily, and it can leave them feeling sick to their stomach. The stress and turmoil of it all can lead to a panic attack for some people. Knowing that this is how most people react to filing bankruptcy might may it easier for you. Take a deep breath and learn all you can about the process. Only then can you decide if filing bankruptcy can help you or not. I am not offering you legal advise but information to help you determine if you should talk with a professional about it.
Filing For Bankruptcy Without a Lawyer to Assist You
Friday, July 17th, 2009Desperate times call for desperate measures. What has this got to do with bankruptcy? When you come to a point where you just have to declare and file for insolvency, going alone seems the best way out for many people. But is it always the case? Probably you will find it more of a burden to hire a lawyer due to the legal charges involved, but hey, have you considered that you could actually be saving yourself a lot of heartache?
What Happens to Secured Debt in Bankruptcy?
Monday, July 13th, 2009Before filing for bankruptcy you should know exactly what constitutes secured and unsecured debt, and whether both be discharged by filing for Chapter 13 or Chapter 7 bankruptcy protection? The simple answer is yes to both, but in the case of secured debts the answer becomes more convoluted. Consulting with an experienced bankruptcy attorney who can explain how bankruptcy affects your secured debt is vital before making any decisions about you financial future.
