Archive for the Bankruptcy Category

Procedure to file for bankruptcy for the military - July 13th, 2010

If you are a member of the armed forces and even you are palnning to file for bankruptcy then this article can help you in this process. As the life style of a military person is different from that of a civilian so is the procedure to file for bankruptcy.
As per the title 11 of [...]

How to repair Credit after Bankruptcy - July 6th, 2010

We have a misconception that a bankruptcy filing remains on the credit report and it cause great problem in applying for loans. If you take these essential steps to restructure your credit then you have a chance to qualify for loans quite quickly after filing for bankruptcy. Just after the bankruptcy case is called off [...]

Chapter 7 Bankruptcy Vs Chapter 13 Bankruptcy - December 28th, 2009

Chapter 7 Bankruptcy: Also known as liquidation (converting assets into money) or straight bankruptcy, this is the most common form of bankruptcy filing. This is one of the faster ways of starting afresh and more so if there are no objections from any of the parties involved. Ordinarily, most (if not all) debts would be [...]

An Overview of Chapter 13 Bankruptcy - December 19th, 2009

Chapter 13 bankruptcy, sometimes called reorganization bankruptcy, is also known as restructuring where you file a repayment plan with the bankruptcy court proposing how you will repay your default s to your creditors.
Chapter 13: Monthly payments are made to the Bankruptcy Trustee, who disperses the collected amount to the debtor’s, creditors according to a repayment [...]