Tag Archives: corona bankruptcy
Bankruptcy: The Earlier, The Better
If you are in a difficult financial situation, don’t fool yourself into thinking that your situation will be changing if there is no evidence of future cash flow coming in soon to resolve your situation. If you are unemployed and do not have any prospects in the future, you need to explore a new solution. Continue Reading
Do I have Too Little Debt to File Bankruptcy?
How Much Debt Do You Need to File Bankruptcy? A Chapter 7 bankruptcy is the most common type of consumer bankruptcy to get rid of debt that you cannot afford to keep. Whether it is debt from medical treatment, credit card purchases, pay day loans, or left over debt from a repossession, a Chapter 7 Continue Reading
March is National Start A Business Month – Learn About Non-Consumer Debt Ch. 7
With National Start a Business Month on the way in March, keep up with your business acumen and learn how to eliminate your business debt in case things do not go as planned. Bankruptcy Code has some built-in flexibility for dealing with business debt. In this article, we will be taking a closer look at Continue Reading
How Will You Prepare for the Next Recession?
Our stock market reached peak heights last year after a long recession. This year, the equity markets are still very strong, withstanding government polarization and a financial system held up by government stimulus and interest rate manipulation. Some believe it is only a matter of time before the profits in the equity markets will be Continue Reading
Can You Rent an Apartment or House with a Bankruptcy?
How does a bankruptcy on your credit report impact your chances of renting a home? Income is the number one factor in securing a place to rent. It is just one part of your financial profile that a landlord or property manager would want to know about. A credit score and credit report is also Continue Reading
What Happens After Bankruptcy?
The most common concern when filing bankruptcy is facing the consequences of filing. Many are concerned about the credit impact in the future. A bankruptcy is recorded on your credit report and will remain on your credit report for 10 years unless you are able to manipulate the credit bureaus to remove the bankruptcy. In Continue Reading
How Bankruptcy Affects Your Credit
One of the most common questions we are asked here at Bankruptcy Law Professionals is about how the bankruptcy will impact your credit. Over years and years of experience, we can confidently state that in most of our bankruptcy client cases, the overwhelming long term result is an IMPROVEMENT of credit score. You read that Continue Reading
What Type of Loans Can You Get After Bankruptcy?
WHAT TYPE OF LOANS CAN YOU QUALIFY FOR? Many people are under the impression that a bankruptcy or low credit score can hold you back from securing loans with lending organizations or banks. Bankruptcy Law Professionals would like you to know that you have the potential to secure any loan you may be interested in Continue Reading
How to Stop A Wage Garnishment
As the economy continues to rebound, there are many positive changes in the economic environment. More jobs means more income for those who have had a hard time finding employment through the recession. More income is usually a very positive change in your life unless your creditors intercept your earnings through a wage garnishment. While Continue Reading
2nd Mortgage Charged-Off
What does it mean if a 2nd mortgage on real estate is “charged-off”? If you had a Home Equity Line of Credit (or HELOC) on your home or if you had a purchase money 2nd loan that was not paid, some banks will charge-off the debt. This designation can be seen on a credit report Continue Reading