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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 Chapter 7 Bankruptcy as a Business

How to File Chapter 7 Bankruptcy as a Business

Filing Chapter 7 bankruptcy might mean the end of your business. The court will sell off all the assets of the business and distribute the resulting money among creditors. Your business will get out of debt, but there rarely remains any source of income. This means you will probably have to close the business. Analyze […]

How to File Chapter 7 Bankruptcy without a Lawyer

How to File Chapter 7 Bankruptcy without a Lawyer

Chapter 7 bankruptcy, one of the most common forms of bankruptcy, does not necessarily require the services or expertise of a lawyer. However, you should understand that you will need to carefully go through each and every step, exactly as a lawyer would do. Keep in mind that not following all the necessary steps could […]

How to Build Credit after Chapter 7 Bankruptcy

How to Build Credit after Chapter 7 Bankruptcy

Many consider Chapter 7 bankruptcy a chance to get a fresh financial start. While Chapter 7 bankruptcy might erase most of your debts and get rid of your financial problems, it will affect your credit history severely. Rebuilding a credit score will take a long time—sometimes even a few years. Follow these steps to help […]

How to Obtain Credit after Chapter 7 Bankruptcy

How to Obtain Credit after Chapter 7 Bankruptcy

Chapter 7, the most common form of bankruptcy, involves liquidating the assets of the person who declared bankruptcy and distributing the money among creditor. Some of the assets fall under exemption categories. Filing for bankruptcy under Chapter 7 will usually give you a fresh financial start. The downside? You will have a bad credit history, […]