To many, chapter 7 bankruptcy – liquidation – proceedings are the most punitive form of debt management/repayment. While it many not be too difficult to understand why some creditors might wish to opt for this process, why would a debtor want to undergo this process? The following is a list of 5 pros and 5 … Continue reading The Pros & Cons of Making Yourself Bankrupt — Chapter 7
Tag: bankruptcy
Knowing your Debt Relief Options in Law
With one out of every seven households in the US today either in the process of bankruptcy proceedings or having just completed bankruptcy proceedings, it has become vital that anyone who is currently experiencing debt management problems understands exactly what their debt relief options are. Here we discuss debt relief, law, and your available options. … Continue reading Knowing your Debt Relief Options in Law
How to Choose a Bankruptcy Attorney
Most people find out the hard way how easy it is to fall into dept. You have probably said to yourself “Oh what the hey, I deserve to splurge on myself from time to time,” to relieve your guilty mind about buying something you really don’t need and pay for more than you can afford. … Continue reading How to Choose a Bankruptcy Attorney
Information about the 2005 Bankruptcy Laws
Over the decades Americans have become accustomed to finding debt relief in the form of bankruptcy. Each year, one out of every seventy-five households in the United States files bankruptcy. In 2005, President George W. Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act; changing the laws that allow for debt relief of many … Continue reading Information about the 2005 Bankruptcy Laws
Life after Bankruptcy
Bankruptcy can be a devastating process for anyone. You may even feel like you have failed in life. The truth is, we are all human and we make mistakes. Credit is like a fragile vase, once you drop it and it cracks, no matter how much you glue it back, somewhere, there will be a … Continue reading Life after Bankruptcy
Filing Chapter 7 Bankruptcy
Deciding to file bankruptcy will be one of hardest decisions you will ever have to make. Probably, one decision you thought you may never have to make. The reality is, in America thousands of people file bankruptcy every week. That’s an incredible amount of society in financial burden. No one wants to file bankruptcy, yet … Continue reading Filing Chapter 7 Bankruptcy
