Posts Tagged Bankruptcy

Go for Credit Counseling for Debt Relief - December 29th, 2009

Credit Card Debt Consolidation
Remember when you did not have credit card debt. Get ready to feel that way again.

Credit counseling is a process offering education to consumers about how to avoid incurring debts that cannot be repaid. This process is actually more debt counseling than a function of credit education.
Credit Card Debt Consolidation : Consolidate [...]

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 [...]