Posts filed under 'Bankruptcy Lawyers'
Tip! Get a copy of your credit report. Many times (most times) the credit accounts that are absolved with your bankruptcy are not removed from your credit report immediately.
If you have a discharged bankruptcy, here are three steps that could help increase your chances of qualifying for credit and loans:
1. Order copies of your credit reports
You will want to order copies of your credit reports from the major credit reporting agencies (Experian, Equifax, and Trans Union) after your discharged bankruptcy. You can order your reports by mail, telephone, or online.
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Discharged Bankruptcy? These Steps Could Help
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November 12th, 2008
Tip! Shop around. Most bankruptcy lawyers will at least offer a free initial consultation.
Bankruptcy can bring more problems with it than you might expect
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November 1st, 2008
Tip! If I file for bankruptcy I will never get credit again.
Accidents and prolonged sickness can be a drain both emotionally as well as financially. Sometimes money crunch is caused by the inability to hold a job, or when the medical bills escalate and it becomes increasingly difficult to balance expenses.
Further, medical insurance may prove insufficient or will not cover long term medications. Life has become such that one needs to think about and plan for any eventuality.
Tip! There are no after payments. Once your bankruptcy is discharged that is it, you are debt free.
Experts recommend the following:
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10 Ways To Protect Yourself From Bankruptcy Caused By Prolonged Illness
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October 1st, 2008
Tip! Shop around. Most bankruptcy lawyers will at least offer a free initial consultation.
If you think that filing for bankruptcy will solve all your debt problems, you are being misled. Bankruptcy filing can come to haunt you for years and that is why this decision should be taken after careful analysis and deliberation. Plus, you should do your research to explore other bankruptcy alternatives, like debt consolidation, loan deferment, grace periods, etc., as a way to avoid filing bankruptcy.
No one ever wants to file for bankruptcy, because your credit history is ruined for possibly up to 10 years. That means that you may not be able to apply for credit, rent apartments, secure jobs, order utilities, etc.
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How To Avoid Bankruptcy And Save Your Credit
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September 18th, 2008
Tip! Once you narrow down the list of attorneys you are considering, the next phase in considering bankruptcy is to obtain references in regard to each of these attorneys’ prior performance. References will provide you with specific information on how a particular lawyer handles his or her business and on how successful he or she has been in the pursuit of prior bankruptcy cases.
After filing bankruptcy getting approved for a loan can be quite a challenge. Bankruptcy personal loan lenders usually want to see that you have spent a minimum of two years after your bankruptcy in improving your credit status rather than borrowing more money. However, there is still a chance for you to have a bankruptcy personal loan within a year of your declaring bankruptcy. You might be surprised to know that some people have managed to get a bankruptcy personal loan even one day after a bankruptcy discharge. There are a few things you must do if you want to rebuild your credit history and get approved for a bankruptcy personal loan.
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What You Need To Know About Getting A Loan After Bankruptcy
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September 3rd, 2008
Tip! If I file for bankruptcy now, I will never be able to file again.
Most of us are aware of the credit score - a numerical quantity widely used to assess your credit worthiness. But there’s another scoring tool that can debar you from getting credit. It’s the Bankruptcy Risk Score - a supplementary score that most creditors and lenders scrutinize prior to offering credit.
Personal bankruptcy seems to be a major consumer credit problem for lenders and credit providers. Since creditors cannot recover losses due to bankruptcy without litigation, so consumers filing bankruptcy are more costly for them. The year 2005 has experienced record number of bankruptcy filings - at least 31.6% higher than 2004 prior to the new law coming into effect.
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Bankruptcy Risk Score - Determining Bankruptcy Risk and Delinquency
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August 16th, 2008
Bankruptcy helps people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan. The bankrupt is not at all hopeless. Almost all federal judicial districts (94 of all United States districts) handle bankruptcy matters. These bankruptcy cases are always filed in a US bankruptcy court. The US bankruptcy courts (s) are special units of the 94 United States district courts that especially deal with bankruptcy cases. Yet, some bankruptcy cases, particularly regarding the validity of claims and exemptions, are often highly dependent on a particular state court law; hence it is often unadvisable to generalize bankruptcy issues beyond their state regulations although bankruptcy cases generally can not be filed in US state courts.
July 21st, 2008
Tip! If I file for bankruptcy the trustee will seize all of my assets and sell them to settle my debts with creditors.
IVA- An Alternative to Bankruptcy
For many people the idea of going bankrupt feels them with horror- and it’s not difficult to understand why. Going bankrupt has all sorts of social stigmas associated with it, not to mention a whole host of disadvantages and disqualifications.
No wonder then that the IVA, introduced by the government in 1986, is so attractive since it offers a good and legitimate alternative to bankruptcy.
Why Seek an Alternative to Bankruptcy
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If You’re Looking for an Alternative to Bankruptcy an IVA Could be the Answer
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July 17th, 2008
Tip! The final step in considering bankruptcy is to actually engage the services of an attorney. At this juncture, you attorney will prepare a bankruptcy petition on your behalf that will be filed in the bankruptcy court.
If you are planning on renting a home or apartment and have a past bankruptcy, there are some things you should know.
First, you need to determine who you are planning to rent from - meaning a private party or a property management company.
Why does it matter? Because each one usually approaches the rental process very differently. If you don’t know what their process is, you could end up being out $30-60 in credit report fees.
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How to Rent a Home or Apartment After Bankruptcy
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June 28th, 2008
Tip! Shop around. Most bankruptcy lawyers will at least offer a free initial consultation.
It is unfortunate that many bankruptcy attorneys do not give their clients more direction with regard to restoring themselves after their bankruptcy. There are some simple steps that anyone who files a bankruptcy needs to take in order to restore themselves financially.
Using these steps below, you can restore your credit and prepare yourself to become a home owner.
1. Get a copy of your credit report. Many times (most times) the credit accounts that are absolved with your bankruptcy are not removed from your credit report immediately.
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Life after Bankruptcy - How to Restore Your Credit after a Bankruptcy and Obtain a Mortgage
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Read the full post (1113 words, estimated 4:27 mins reading time)
June 21st, 2008
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