Business & Finance: Is Going Into Debt Wrong?

Is Going Into Debt Wrong?

Based on their religious backgrounds and personal philosophies, people have widely varying views on the ethics of debt. Within the context of America's Judeo-Christian foundation, debt itself is not considered immoral or even unethical. However, how someone undertakes and follows through on debt mat

Business & Finance: Similarities of Credit Counseling and Chapter 13 Bankruptcy

Similarities of Credit Counseling and Chapter 13 Bankruptcy

During these rough times in our current economy, more and more Americans are opting to file Chapter 13 bankruptcy. Many people are finding that it is the only way out. A strong desire to be free of piles of bills that there is no money to pay and harassing phone calls from lenders is often the main

Business & Finance: Repairing Credit After Bankruptcy - Free Tips Inside

Repairing Credit After Bankruptcy - Free Tips Inside

Bankruptcy is a haunting experience that you wouldn't want to go through more than once. Unpaid bills for several months and years just kept piling up and your creditors kept hounding you. However, you got through it and survived. After getting back to your feet, repairing credit should be your

Business & Finance: Debt Reduction & Assistance

Debt Reduction & Assistance

Consumers who are drowning in a sea of debt and are seeking assistance will be relieved to know here are several places to turn for help. From do-it-yourself debt reduction to nonprofit debt management services to consolidation loans, there are many options to consider, especially if you are conside

Business & Finance: What Are the Advantages of Chapter 11 Bankruptcy in New Jersey?

What Are the Advantages of Chapter 11 Bankruptcy in New Jersey?

Chapter 11 bankruptcy in New Jersey is a legal process in which a New Jersey company can restructure its debt, discharge some unsecured debt and continue to operate. Chapter 11 is often referred to as "reorganization bankruptcy." Chapter 11 bankruptcy allows a debtor company to obtain a...

Business & Finance: Cheapest Way to Consolidate Debt

Cheapest Way to Consolidate Debt

If you have borrowed money through credit cards or personal loans and do not have the ability to pay them back, you may be at the mercy of high interest rates and finance charges that never allow you to be free of the debt. A debt consolidation loan can help you pay off your debts faster by making

Business & Finance: How Do Medical Bills Effect Your Credit?

How Do Medical Bills Effect Your Credit?

Medical Debt and Credit ImpactFirst, the good news: Medical debt may not have much of an effect on credit scores. Because it's often not factored into the utilization ratio that composes a FICO credit score, that number doesn't change. However, this isn't the case if the bill is presented...

Business & Finance: Rules of Lawsuits for Bankruptcy & Debt

Rules of Lawsuits for Bankruptcy & Debt

If you do not pay your bills as promised, creditors can sue you and in some cases even garnish your wages. While filing personal bankruptcy protects you against the financial consequences of some lawsuits, it cannot resolve every type of financial problem you have. The Bankruptcy Abuse Prevention an

Business & Finance: Bankruptcy Issues - What about Co-signers?

Bankruptcy Issues - What about Co-signers?

The decision to file for bankruptcy protection can be a stressful one. The process is actually painless, but you don't know that from the get go. This leads to sleepless nights as you wonder what ...

Business & Finance: Guide & Help for Bankruptcy

Guide & Help for Bankruptcy

After accumulating a large amount of debt, filing for bankruptcy might be the only way that you can get out of it. If you suffer from extenuating circumstances that will not allow you to repay your debt according to the terms of your agreements with creditors, bankruptcy can give you some help in th

Business & Finance: How to File Bankruptcy Tips and Resources

How to File Bankruptcy Tips and Resources

Overwhelmed about how to file bankruptcy? If so, you are not alone. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was enacted by Congress in 2005 to reduce the number of bankruptcies filed by ...

Business & Finance: Legal Ways to Become Debt Free

Legal Ways to Become Debt Free

Becoming debt free is the dream of many people who suffer from large amounts of debt on a regular basis. Several legal avenues exist to help eliminate your debt and become debt free. Among them are debt consolidation, debt settlement and the debt snowball.Debt ConsolidationDebt...

Business & Finance: Declaring Bankruptcy - Not the American Dream

Declaring Bankruptcy - Not the American Dream

Anyone who has ever gone through the emotional pain and stress associated with bankruptcy will tell you that bankruptcy was not something they 'planned' or considered to be a part of their future plans. You CAN take control.

Business & Finance: Bankruptcy Can Eliminate Liability That Is Caused By A Foreclosure

Bankruptcy Can Eliminate Liability That Is Caused By A Foreclosure

Since the financial markets bolted down in 2008, it seems that nothing is really getting much better. Unemployment is staying right around 10% and the funny thing about that is the way it's reported is that it only counts the people that are receiving unemployment benefits. If you consider all

Business & Finance: How to Finance Automobiles With a Chapter 7

How to Finance Automobiles With a Chapter 7

After filing for Chapter 7 bankruptcy many people suddenly find themselves in need of transportation. While it is best to wait as long as possible to obtain new lines of credit, there are some situations where waiting just isn't an option. If you, or someone you know, needs a vehicle after filing fo

Business & Finance: Insolvency Crisis - Credit Card Costs Individuals Thousands

Insolvency Crisis - Credit Card Costs Individuals Thousands

Following the last ten years where the government has actively encouraged borrowing, we are facing an insolvency crisis. Many families and individuals have been using their credit cards to pay for day-to-day spending, which has resulted in huge debts.

Business & Finance: How to Lose a House in Bankruptcy

How to Lose a House in Bankruptcy

When you file for bankruptcy, Chapter 7 or Chapter 13, there are some events that will allow you to keep your home. Unfortunately, there are things that will cause you to lose your home as well. Before you file a petition for bankruptcy, make sure you understand all probable outcomes. Get a bankrupt

Business & Finance: What Are You Allowed to Keep When You File Bankruptcy?

What Are You Allowed to Keep When You File Bankruptcy?

Filing for bankruptcy is a major financial decision that can affect you for the rest of your life. Individuals commonly file for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. Chapter 13 bankruptcy is used by those with income for a repayment plan who wish to keep their assets

Business & Finance: Can I Keep My Boat in a Chapter 13?

Can I Keep My Boat in a Chapter 13?

Chapter 13 cases are hard for anyone, especially someone accustomed to a certain lifestyle. Chapter 13 debtors are on tight budgets, and unless your boat is paid in full, the court will probably not let you keep it.

Business & Finance: Liens in Bankruptcy Cases

Liens in Bankruptcy Cases

A lien is, in short, a claim by a creditor on the property or assets of a debtor. When an individual files for bankruptcy, some liens that could otherwise be collected upon can become avoidable through details of the Bankruptcy Code.