Credit Card law questionable

There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... Act of 2005, households could erase their unsecured debts by filing for Chapter 7 liquidation ... the reform, overindebted households might file bankruptcy and get rid of their credit card debt [more...]

Date: 2009-01-13 10:09:00

Blog posts (13) | Videos (16)
 

Free Money Debt Grants

Debt grants help individuals and families get the financial aid they need without filing for personal bankruptcy or destroying their credit or just ... is that they typically lead to bad outcomes regardless. Dealing with a debt collector on your back, for example ... , just dig deeper holes. The typical American who is deep in debt will do one of several [more...]

Date: 2009-01-14 12:24:03

Should I Declare Bankruptcy?

One of our readers, Alicia, asked: I have one Credit Card debt with a balance of $15,000 can not pay the Min amount they want like 3, ... then to have to file Bankruptcy and they get no money it’s all i can sent (not only Debt i have) should ... of my debt within the next 5 - 7 years? There are two reasons for the 5-7 year question. The first [more...]

Date: 2008-11-19 13:59:48

Should I File for Bankruptcy? - Some Things to Consider

by William Blake Bankruptcy is a means to get out of debt. Some feel that it is a quick escape from mounding debt, and they make it their number one option ... taking such a drastic step. You will no longer be eligible for any decent credit. That means [more...]

Date: 2008-09-17 14:43:00

2005 Bankruptcy Law Finance Industry Sought has Strangled Economy

Was the banking industry screwed over by its own bankruptcy law? It sure appears to have hurt the economy.. ... that escape route and forces better-off households to continue paying credit card debt, which makes ... .“Before the reform, overindebted households might file bankruptcy and get rid of their credit card [more...]

Date: 2009-01-14 04:35:33

Bad Debt What Is It?

by Emma Elvie Most of us in today’s society never really pay any attention to the amount of debt that we accumulate until it is too late and then we are facing whether or not we should file bankruptcy. Well if you want to know how to avoid bad debt and what you can begin doing to get rid of all that excess burden in your life then you have come to the right place. I personally understand how difficult it can be on a person who has a lot of bad debt to pay each and every month. [more...]

Date: 2009-09-24 15:40:46

Be Careful With Credit Repair

Advertising messages offering to help people get out from under are over-the-top these days ... about debt settlement agencies and credit counseling agencies, cautioning debtors not to snatch at straws in an attempt to avoid filing bankruptcy. By way of quick review, debt settlement agencies [more...]

Date: 2009-01-05 12:39:47

When It's Time to Wave the White Flag and File Bankruptcy

Sometimes, despite our best intentions to pay back our debts, our individual circumstances make it an impossible task ... to buy more immediate needs, like groceries or the heat bill? Do bill collectors call you regularly ... ) Have you tried debt consolidation but can't get approved for the loan? Are you unsure how much [more...]

Date: 2009-01-08 02:07:50

Are You Or Any Of Your Clients Considering Bankruptcy?

As I have been watching the news this week, I see that bankruptcy is at an all time high ... their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment ... to require that anyone filing bankruptcy complete an approved credit counseling program before [more...]

Date: 2008-10-01 11:46:06

links for 2008-12-26

In Hard Times, Houses of God Turn to Chapter 11 in Book of Bankruptcy - WSJ.com Church Mortgage & Loan Corp. of Maitland, Fla ... $18 million it owes, says company lawyer Elizabeth Green. Church Mortgage filed for Chapter 11 ... to Getting Out of Debt 9. Tools for a Frugal Life 10. Resources The *Official* Guitar [more...]

Date: 2008-12-27 07:01:05

Bankruptcies Topped 100,000 in October

Seeing an increase in bankruptcy filings probably isn’t much of a surprise in this economy, ... to get by some other way, maybe through family loans or debt settlement programs or by playing a little shell game ... but the increase is all the more compelling because of this (from USA Today): The sagging economy [more...]

Date: 2008-12-01 21:33:21

More Empty Space at the Mall; Life Gets Harder for Bored Teens

The bursting of the retail bubble that we discussed on Monday continues, and at a faster pace than expected ... , that is probably a good thing in the long term. Plenty of people with too much credit card debt could ... , including Circuit City Stores Inc., Linens ‘n Things Inc. and Sharper Image Corp., filed for bankruptcy [more...]

Date: 2009-01-07 18:01:37

Ultimate Debt Guide - Get Out of Debt With Debt Consolidation?

by Ash Ford How to get out of debt by not filing for bankruptcy or by signing up to a long-term debt relief plan which has the potential to push you ... truth about the credit card game is clear to me now and you’ll learn why numerous people remain in debt ... and be in over your head with loans, credit cards, car payments, mortgages etc. Finding a way [more...]

Date: 2009-01-15 02:47:14

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