Did you know you have a bankruptcy risk score?

Designed to help banks and lenders more accurately reflect the risk of lending to consumers, this metric has been around for 20 years, unknown to the general public.
Your bankruptcy score is calculated using ‘advanced mathematics and data analytics’ according to Bankrate.com, to analyze your spending habits and the types of charges you make. Lenders then [...]

Alternatives To Filing Bankruptcy

Contacting creditors is an alternative to bankruptcy. Instead of filing for bankruptcy, you work out payment options with your creditors. In many cases they are very willing to work with you. It’s to their advantage to keep you as a customer. The creditors know the alternatives for bankruptcy will bring them more profits if you [...]

Filing For Bankruptcy? Don’t make these common mistakes

Common Bankruptcy Mistakes #1. Liquidation of your Retirement Account
In most bankruptcy cases, the petitioner’s retirement account is protected. However, despite this fact, many people choose to liquidate their retirement accounts and other assets in order to satisfy or pay down their debt prior to filing for bankruptcy. In most instances, this is not recommended, and [...]

Can you be forced into bankruptcy?

It’s rare, but it is possible for creditors to force you into bankruptcy. Usually your creditors would rather you not be bankrupt so they can keep garnishing your wages, taking money from your bank account, seizing your property and doing everything they can to collect their debts and make your life miserable.
But if the creditors [...]

Repair Credit After Bankruptcy

Repair Credit tip 1. Keep your real accounts you have
Some individuals suppose that credit repair after bankruptcy is much easier if the bills they didn’t shut down in the process are held open and are managed like they are fragile china. Take care to fill these bills on time, every time. Do assure that some [...]

5 Steps to File For Bankruptcy Without a Lawyer

File For Bankruptcy Step 1: Download and print out the necessary bankruptcy forms which can be found by doing an internet search for “your state name, bankruptcy forms”. Only download the forms from the proper government website.
File For Bankruptcy Step 2: Fill out the forms completely, do not leave any part of them blank. Be [...]

Do I need a Bankruptcy Law Attorney?

There are two main types of personal bankruptcy. Each type has different qualifications and guidelines which must be followed in order to file. You must adhere to the legal processes precisely and making sure that you are thorough in every aspect of your claim. Should you accidentally miss out some of your debts whilst filing [...]

Don’t transfer property before filing Bankruptcy

“I’ll just give my car to my daughter.” How many times have lawyers heard that or something similar from a client about to file bankruptcy.
Sometimes the client has the best of intentions: “she’s about to graduate college and I always promised her a car for a graduation present.” Or, the client is just [...]

How To Pay For Bankruptcy

Family. Parents pay for a son’s bankruptcy, a daughter pay for her mom, a sister for a brother, an uncle for a niece, etc. Family is most familiar with the situation so that makes them the best resource. Some families may have the resources to pay off a member’s debts, most should [...]

How to Rebuild Credit, Post-Bankruptcy

My wife and I just emerged from bankruptcy. Before that, we both had excellent credit scores and access to good credit cards with major lenders. Unfortunately, I’ve been laid off three times since 9/11 because of company downsizing, and we had to charge our health insurance COBRA payments and food and other essentials to our [...]

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