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How to Stop Foreclosure through Chapter 7 Bankruptcy

How to Stop Foreclosure through Chapter 7 Bankruptcy

You have a few options left open to you if you face foreclosure on your house. As desperate times call for desperate measure, consider filing for bankruptcy under Chapter 7. This drastic solution will severely affect your credit score, but today it remains one of the only ways to get out from under said situation. […]

How to File for Chapter 13 Bankruptcy

How to File for Chapter 13 Bankruptcy

Unlike Chapter 7 bankruptcy, Chapter 13 bankruptcy does not exempt you from paying your debts. After a Chapter 13 bankruptcy discharge you will still have to pay your creditors, but the court will reorganize your finances in a way that you can afford regular payments. The bankruptcy process can prove complex; and while you can […]

How to Purchase a Car during Chapter 13 Bankruptcy

How to Purchase a Car during Chapter 13 Bankruptcy

Filing for Chapter 17 bankruptcy means you still have to make payments to your creditors according to your income and the new terms negotiated for you. During your Chapter 13 bankruptcy there exist limitations on what you can do financially. The code provides sanctions stating you cannot contract new debts such as a car loan […]

How to Build Credit after Chapter 13 Bankruptcy

How to Build Credit after Chapter 13 Bankruptcy

Nothing affects your credit score so badly as a bankruptcy. It might take several years before your credit history recovers from Chapter 13 bankruptcy and up to 10 years to get it erased from your credit report. That said, you can take steps immediately after a Chapter 13 bankruptcy to start rebuilding your credit score. […]

How to Amend a Discharged Chapter 7 Bankruptcy

How to Amend a Discharged Chapter 7 Bankruptcy

Even if you got your discharge of bankruptcy under Chapter 7, creditors and bill collectors might still contact you. Perhaps you thought the nightmare had come to an end—no more phone calls and letters about your debts—but then you realize you forgot to include one or several debts in your bankruptcy file. Don’t despair, as […]

How to Increase a Credit Score after Bankruptcy

How to Increase a Credit Score after Bankruptcy

Going bankrupt results in a series of consequences regarding your financial situation. This drastic solution might get you a fresh start, but your credit score suffers a major downfall and you’ll have difficulties getting approved for a credit card. You will also have to pay high credit rates. Although you might find it difficult to […]

How to Deal With Bankruptcy

How to Deal With Bankruptcy

In a small number of cases, bankruptcy starts to appear as the only option left, but there may be alternatives before things reach this stage. For example, if you live in England, Wales or Northern Ireland, you may be able to enter into an Individual Voluntary Arrangement (IVA). You would need to get creditors responsible […]