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The fact that filing bankruptcy is a little on the expensive side is ironic. After all, most people who file bankruptcy are doing so because they are broke. What exactly does a person do if they need to file bankruptcy, but they are so broke they can’t? Dealing with Attorney Fees The biggest expense you…
Many people hesitate to file for bankruptcy for fear of harming their co-signer’s credit. Contrary to popular belief, it is possible to file for bankruptcy while keeping your co-signer’s credit fully intact, although this wasn’t always the case. Here is what you need to know if you have a co-signer and are considering filing for…
There’s a lot of confusion about whether selling belongings before bankruptcy is okay. The short answer is yes, as long as you stay within the guidelines. Here’s what you need to know about selling assets before bankruptcy: It’s okay to sell – at fair value If you are about to file for bankruptcy, you are…
We’d all like to save on our daily expenses, but not all of us find joy in extreme couponing and penny pinching. Not to worry – we’ve gathered the best tips from Twitter that allow you to save money without losing your sanity. Here are the top 10 budgeting tips, according to Twitter: 1. Make…
Many people assume that the cost of filing for bankruptcy may interfere with paying for essential bills like rent and utilities, possibly leading to an eviction. The truth is that the Automatic Stay protection immediately stops the collection process for many existing debts, and may even provide protection from foreclosure or eviction. Here’s what you…
A creditor mailing matrix (or creditor mailing list) is an alphabetical list of all the people and companies to which you owe money. Any debts you owe to a creditor that are not listed in your creditor mailing matrix will not be discharged through your bankruptcy case. In bankruptcy proceedings, a notice that you’re filing…
If you fall behind on your payments, your creditor may sell your debt to a collections agency or debt purchaser. While creditors and their debt collection agencies are allowed to take reasonable actions to collect money from you, the Fair Debt Collection Practices Act (FDCPA) grants you certain rights to protect you from harassment. The…
If you’ve ever struggled with credit card debt, you know how stressful and overwhelming the experience can be. Dealing with your original creditor can be overwhelming as is, but what do you do when your credit card debt is sold to a third party?Today, we’ll navigate everything you need to know about working with your…
Bankruptcy and financial struggle can be frustrating, but it can also provide a much needed opportunity to start fresh. Use this opportunity to reflect on personal finance in the scheme of things. The following nine songs help put things in perspective: 1. Hard Knock Life – Jay Z Jay-Z may have it all now, but…
Bankruptcy is often the best option to wipe out debt and start over financially. However, not all debt can be discharged through bankruptcy. For example, student loans are typically more difficult to discharge then credit card or mortgage debt. But what if you’ve paid off your student loans using cash advance services on your line…
Whoever said budgeting means you can’t enjoy life? Living the good life doesn’t have to come with an expensive price tag. Budgeting is about making smart financial decisions and spending where it counts. With the right tools and knowledge, anyone can learn how to save money while still living life to its fullest. Follow these…
The answer to this question is yes. It is still possible to obtain a small business loan after filing for bankruptcy. However, it won’t be easy. Your options will be limited, and your interest rates will likely be higher. Your best option is going to be with online lenders, as bank loans and loans from…