Don’t think you’ll ever pay off that credit card debt? Are collection agencies constantly buzzing your phone? Do you lie awake each night worried about the money you owe? You might think that filing for bankruptcy is a way to make these problems disappear. But here’s the truth – bankruptcy comes with its own set of problems and some are severe. We’ll explore the long- and short-term impact of filing for bankruptcy protection.
You just filed bankruptcy, now what do you do? Here are some simple next steps that will help you get a fresh financial start!
After months of press Detroit has been given the okay to file for Chapter 9 bankruptcy, the largest bankruptcy settlement ever for an American city. See what the future holds for the city of Detroit.
It’s been a while since the spotlight has been on financial blunders across the world — too long! Take a gander at the biggest money mishaps this week, both of gigantic proportions.
Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future ability to obtain home loan financing.
Times aren’t so sweet for Hostess nowadays. The Irving, Texas, based company filed for Chapter 11 bankruptcy this afternoon, citing the fact that they owe more than $1 billion to between 50,000 and 100,000 creditors.
What’s the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? We’ll review the court process and what you can expect if you declare bankruptcy.
There are lots of information about credit pulls and your credit. Some of it is just myths, some are facts. Read on to see common myths about credit pulls and myths about your credit!
Wondering if you can get a mortgage after you’ve filed for bankruptcy? Jim Woodworth is here to give you the answers in this week’s Watch-It Wednesday!
With unemployment at an all time high, and many families struggling through financial difficulties, it’s easy to view bankruptcy as a way out. But declaring bankruptcy may not only be damaging to your credit, it could also affect future purchases and opportunities. If you are considering filing for bankruptcy, here are ten ways to avoid bankruptcy.